TOKYO (Reuters) – Japan’s Asahi Kasei said on Tuesday it offered to acquire Calliditas Therapeutics for about 11.8 billion Swedish crowns ($1.1 billion) as part of a plan to become a global drug company. The Japanese firm will offer 208 crowns per share of Stockholm-based Calliditas and 416 crowns for each American depositary share in …
Asahi Kasei to buy Swedish drugmaker Calliditas for $1.1 billion Read More »
TOKYO (Reuters) -Toyota Motor showcased next-generation engines on Tuesday that can be used in cars as varied as hybrids and those running on biofuel, as it targets tougher emissions standards and doubles down on its strategy of selling more than just EVs. At a media event with peers Subaru and Mazda Motor, the world’s biggest …
Toyota showcases compact engines adaptable to different fuels Read More »
TOKYO (Reuters) – Japan’s 10-year government bond yield hit a 12-year high on Tuesday as the market braced for further tightening by the Bank of Japan, following a senior official’s hawkish comments. The 10-year JGB yield rose 1.5 basis points (bps) to 1.035%, its highest since April 2012. On Monday, BOJ Deputy Governor Shinichi Uchida …
Japan’s 10-year bond yield hits 12-year high amid BOJ’s policy bets Read More »
BAKU (Reuters) – Azerbaijan wants to borrow $5 billion from international credit institutions in the coming years for large infrastructure projects, including in territories secured in a lightning military offensive in September, the finance minister told Reuters. Azerbaijani forces regained control of the mountainous region of Nagorno-Karabakh, where ethnic Armenians had enjoyed de facto independence …
By Abhinav Parmar and Supantha Mukherjee (Reuters) – Nokia is set to win a contract to supply 5G radio equipment to Portuguese telecoms operator MEO, according to an internal Nokia blog post and two sources familiar with the matter. Nokia is set to secure the deal even though China’s Huawei has been MEO’s sole supplier …
Exclusive-Nokia to supply 5G radio equipment to Portugal’s MEO, sources say Read More »
By Hyonhee Shin and Jack Kim SEOUL (Reuters) -Chinese Premier Li Qiang praised what he called a restart in relations with Japan and South Korea as he met their leaders for the first three-way talks in four years on Monday, agreeing to revive trade and security dialogues hampered by global tensions. The Chinese premier met …
China’s premier hails ‘new beginning’ with US-allied South Korea, Japan Read More »
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand plans stimulus measures in the short term to jumpstart its economy, which is expected to grow just 2.5% this year when it should be expanding at least 3.5% annually, the finance minister said on Monday. Southeast Asia’s second-largest economy has lagged regional peers, with growth at …
Thailand plans stimulus as 2024 growth seen low at 2.5%, Finance Minister says Read More »
BEIJING (Reuters) -Chinese companies plan to request that authorities open an anti-dumping investigation into imports of some pork products from the European Union, the state-backed Global Times newspaper reported on Saturday, citing an unidentified “business insider”. The report, carried in a post on X and in the newspaper’s online edition, gave no other details. China …
Chinese industry to seek probe into EU pork imports, Global Times reports Read More »
By Xie Yu HONG KONG and BENGALURU (Reuters) -Embattled Chinese property developer China Vanke said on Monday it had completed the sale of a plot of land in Shenzhen for 2.24 billion yuan ($309.23 million), more than 27% below the price it paid for the block nearly seven years ago. The company is working to …
China Vanke sells Shenzhen land plot at loss-making reserve price Read More »
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s tea producers on Monday condemned a government order to increase wages by 70%, saying it would make their tea globally uncompetitive and reduce dollar earnings essential for the island nation to emerge from a financial crisis. The $1.3 billion industry produces popular Ceylon Tea and employs about …
Sri Lanka’s tea producers warn 70% wage hike will hit industry Read More »
