MILAN (Reuters) -Eyewear maker EssilorLuxottica said on Tuesday it had completed the acquisition of Washin Optical Co., a Japanese optical retail with around 70 direct stores in the country. “When we look at Japan, we see a long runway ahead with potential for growth and expansion – this is what makes it strategic for us,” …
EssilorLuxottica buys Japan’s Washin to expand its retail presence Read More »
PARIS (Reuters) – Chinese Commerce Minister Wang Wentao told French Finance Minister Bruno Le Maire that the probe started in China on the cognac market is not linked to the one started by the European Union on Chinese electric vehicles, a source at the French ministry said on Monday. The anti-dumping investigation started in China …
Chinese minister says cognac probe unrelated to EU probe on EVs – source Read More »
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank must consider whittling down stimulus further if inflation continues to accelerate, signalling the chance of another interest rate hike later this year in line with market bets. Speaking in parliament, Ueda said the central bank must maintain ultra-loose monetary policy …
BOJ’s Ueda signals scope to reduce monetary stimulus Read More »
By Mimosa Spencer PARIS (Reuters) – Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter results, reflecting lacklustre Chinese demand and comparisons with last year when the lifting of COVID curbs in mainland China boosted sales. LVMH, the world’s biggest luxury group, is first to report on …
China uncertainty clouds outlook for luxury sector Read More »
By Melanie Burton MELBOURNE (Reuters) – More than 25 global auto and battery makers have expressed interest in buying nickel from Australia-listed producer Nickel Industries’ new Indonesian plant, CEO Justin Werner said on Tuesday, in the latest boost to Indonesia’s nickel dominance. The company is offering 70,000-80,000 metric tons a year from its new high …
Nickel Industries attracts strong interest for its Indonesian supply Read More »
(Reuters) – Industrial and Commercial Bank of China is planning to issue as much as 40 billion yuan ($5.5 billion) of total loss-absorbing capacity (TLAC) bonds as soon as this month, Bloomberg News reported on Tuesday. China’s biggest bank by assets is working with underwriters including Citic Securities and Haitong Securities on the upcoming sale, …
China’s ICBC plans $5.5 billion sale of loss-absorbing bonds, Bloomberg News reports Read More »
By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank is widely expected to keep its monetary policy unchanged this month and hold off from easing its settings until inflation starts to ease significantly. All 11 analysts polled by Reuters expect the Monetary Authority of Singapore (MAS) to hold off making changes to its policy in …
Singapore set to keep monetary policy unchanged as price risks linger Read More »
By Scott Murdoch (Reuters) – Chinese developer Shimao Group said on Monday China Construction Bank (Asia) had filed a liquidation petition against it in Hong Kong over unpaid debts, a rare case of a state-owned bank taking such legal action in the property downturn. The petition centres on Shimao’s failure to repay loans of HK$1.58 …
China property developer Shimao faces liquidation petition from state-owned bank Read More »
By Andreas Rinke, Matthias Williams BERLIN/LONDON (Reuters) -When Simon Harris became Ireland’s prime minister-in-waiting in March, he turned to a favoured platform to express himself: TikTok. In a video with ‘THANK YOU’ written in yellow lettering, the man who will be Ireland’s youngest Taoiseach told his 95,000 followers of his rise from an “opinionated, moody …
(Reuters) – Global shipments of personal computers returned to growth in the first quarter after two years of decline, according to preliminary results from market research firm International Data Corporation (IDC) released on Monday. The PC market grew 1.5% from a year earlier, with 59.8 million shipments in the first quarter, and returned to pre-pandemic …
Global PC market returns to growth in first quarter after two-year decline, IDC says Read More »
