TOKYO (Reuters) – The Bank of Japan is expected to end its negative interest rate policy on Tuesday on substantial wage hikes by big firms in this year’s wage negotiations, the Nikkei newspaper reported on Saturday. The BOJ began coordinating both within and outside the bank Friday on ending its negative interest rate policy, the …
BOJ to end negative rate policy next week, says Nikkei Read More »
By Josh Ye HONG KONG (Reuters) – The U.S. House of Representatives overwhelmingly passed a bill this week that would give TikTok’s Chinese owner ByteDance about six months to divest the U.S. assets of the short video app, or face a ban, in the greatest threat to the app since the Trump administration. Below is …
Factbox-What do we know about TikTok’s Chinese owner, ByteDance? Read More »
TOKYO (Reuters) -Some McDonald’s stores were back online after a global technology outage on Friday disrupted operations for a few hours at many of the restaurant chain’s outlets in markets including Japan, Australia and the UK. “Many markets are back online, and the rest are in the process of coming back online. We are closely …
Some McDonald’s outlets back online after tech outage in several countries Read More »
By Tetsushi Kajimoto TOKYO (Reuters -Japan’s biggest companies agreed to raise wages by 5.28% for 2024, the heftiest pay hikes in 33 years, the country’s largest union group said on Friday, reinforcing views that the county’s central bank will soon shift away from a decade-long stimulus programme. The much-stronger-than-expected increase comes as the Bank of …
SHANGHAI (Reuters) -China published a set of rules on Friday that would tighten scrutiny over stock listings, public companies and underwriters, as regulators ramp up efforts to revive investor confidence. Regulators will vet initial public offerings (IPOs) more closely, crack down hard on securities fraud, and encourage listed firms to increase dividend payouts and buy …
China tightens scrutiny over IPOs, listed firms to revive stock market Read More »
By Makiko Yamazaki, Scott Murdoch and Kane Wu TOKYO/SYDNEY/HONG KONG (Reuters) – Japan Inc’s pursuit of overseas deals is set to accelerate as the country’s corporate giants come under pressure to boost capital efficiency and the central bank moves towards ditching policies that depressed the currency. A growing number of Bank of Japan policymakers are …
Analysis-‘No time to waste’: Japan Inc set to step up outbound M&A Read More »
By Jihoon Lee SEOUL (Reuters) – Shares in South Korea’s Samsung C&T fell by 10% on Friday after shareholders defeated a proposal by activist funds to lift dividend payouts, disappointing investors amid a government push to lift the value of Seoul-listed companies. Samsung C&T is the Samsung conglomerate’s de-facto holding company, with Samsung Electronics Chairman …
Samsung C&T shares fall amid test of South Korea’s corporate reform push Read More »
BEIJING (Reuters) -China’s central bank has approved Tencent Holdings’ online payment platform Tenpay boosting its registered capital to 15.3 billion yuan ($2.13 billion), according to a central bank statement on Friday. The approval will make Tenpay the non-bank payment institution with the highest registered capital in China, Chinese state-backed media outlet The Paper said. Founded …
China central bank approves Tencent’s Tenpay capital boost to $2.1 billion Read More »
By Maki Shiraki and Anton Bridge TOKYO (Reuters) -Japanese auto rivals Nissan Motor and Honda Motor are considering a strategic partnership to collaborate on producing key components for electric vehicles (EVs) and artificial intelligence in automotive software platforms, the companies said Friday. The potential partnership could help the two develop economies of scale in producing …
BEIJING (Reuters) – Chinese banks extended 1.45 trillion yuan ($201.5 billion) in new yuan loans in February, according to Reuters calculations based on central bank data, down sharply from January and falling short of analyst expectations. Analysts polled by Reuters had predicted new yuan loans would fall to 1.50 trillion yuan in February from 4.92 …
China Feb new bank loans fall to 1.45 trln yuan, Reuters calculations show Read More »
