By Yantoultra Ngui SINGAPORE (Reuters) – Ayala Corp, the Philippines’ oldest conglomerate, is exploring selling a minority stake in Ayala Healthcare Holdings (AC Health) in a potential deal that could value its healthcare arm at up to $500 million, two people said. Ayala has hired Bank of America to explore the sale of the minority …
Philippines’ Ayala explores minority stake sale in AC Health, sources say Read More »
TOKYO (Reuters) -Japanese trading houses Mitsui and Mitsubishi posted increases in first-quarter net profit thanks to asset sales and a weaker yen, beating estimates. Mitsui reported a 9.2% increase in net profit to 276.1 billion yen on the year, and Mitsubishi saw a 12% rise to 354.4 billion yen, beating forecasts in an LSEG poll …
Japan’s Mitsui, Mitsubishi profit climbs on asset sales, weaker yen Read More »
(Reuters) – Japanese stocks witnessed heavy foreign outflows in the week to July 26, as a strengthening yen and a sell-off in global technology stocks dampened investor sentiment. Foreign investors net sold Japanese shares worth 1.58 trillion yen ($10.53 billion) in the week, according to exchange data, the largest outflow since the week ended Sept. …
Japanese stocks see biggest weekly foreign outflow in 10 months Read More »
By Louis van Boxel-Woolf (Reuters) -Daimler Truck will cut hours and impose a job freeze for employees in its truck-making business in Germany, executives said on Thursday, as the truck and bus maker grapples with subdued demand in Europe and Asia. “We will implement short-term work as of September,” CFO Eva Scherer said, adding that …
Daimler Truck to cut employee hours in Germany amid weak Europe demand Read More »
By Alun John and Tom Westbrook LONDON/SINGAPORE (Reuters) -The Bank of Japan’s move to raise interest rates to their highest in 15 years has jolted the yen to its strongest against the dollar since March and left it poised for further gains, as investors reassess carry trades, once the year’s favoured play. The shift will …
BOJ shift gives yen a shake and causes reassessment of popular FX trade Read More »
(Reuters) – A bipartisan group of U.S. lawmakers on Wednesday introduced a bill that would block Chinese solar panel makers from claiming subsidies for their American factories. WHY IT MATTERS The American Tax Dollars for American Solar Manufacturing Act was introduced as some of the world’s largest solar panel producers, which are based in China, …
US lawmakers seek to block Chinese firms from solar manufacturing subsidy Read More »
(Reuters) – MGM Resorts International beat Wall Street’s second-quarter estimates on Wednesday, thanks to a strong recovery in Macau following the easing of pandemic-related restrictions last year. Shares of the company were up 1.5% in extended trading. Casino operators such as MGM and Wynn have seen increased traffic at their Macau gaming hubs, driven by …
Casino Operator MGM beats second-quarter estimates on recovery in Macau business Read More »
By Jaspreet Kalra MUMBAI (Reuters) – A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut down temporarily, two sources directly aware of the matter said. The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they …
Ransomware attack forces hundreds of small Indian banks offline, sources say Read More »
By Lananh Nguyen and Tatiana Bautzer NEW YORK (Reuters) -Citigroup repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity reporting, according to a Citi document from December seen by Reuters. Reuters is reporting the infractions for the first time. Under so-called Regulation W, banks are required …
Exclusive-Citi breached a rule meant to keep banks safe, made liquidity reporting errors Read More »
(Reuters) -The U.S. is considering unilateral restrictions on China’s access to AI memory chips such as those made by Micron Technology and SK Hynix and equipment capable of making such semiconductors, as soon as next month, Bloomberg News reported on Wednesday. The measures are meant to prevent Micron, and South Korea’s SK Hynix and Samsung …
US mulls new curbs on China’s access to AI memory chips, Bloomberg News says Read More »
