By Clare Jim HONG KONG (Reuters) – Investors sold China Vanke stock and bonds on Monday, picking up from where they left off last week as concern over the developer’s liquidity trumped fundraising plans and assurance from a business partner. The price of China Vanke’s Hong Kong-listed shares fell 7.1%, having finished last week down …
China Vanke stock, bonds resume their sell-off on liquidity concern Read More »
TOKYO (Reuters) – Japan is considering calling an end to deflation in the wake of rising prices, Kyodo news reported, a move that would turn a new page for the world’s fourth-largest economy after decades of economic stagnation scarred a generation of workers and investors. The weekend report, citing sources with knowledge of the matter, …
Japan government considers calling end to deflation, Kyodo reports Read More »
TOKYO (Reuters) – Japan’s chip-related Socionext and Disco will be added to the Nikkei share average next month in a regular reshuffle of the benchmark index, the publisher of the stock average said on Monday. Those chip stocks will replace Sumitomo Osaka Cement, Pacific Metals and Takara Holdings, the Nikkei said. The Nikkei 225 breached …
Japan’s Socionext, Dicso to be added to Nikkei index Read More »
SAO PAULO (Reuters) -Japanese auto maker Toyota will announce on Tuesday an 11 billion real ($2.2 billion) investment for the next few years in Brazil, the South American country’s vice-president said on Sunday. Toyota said in a statement earlier on Sunday, after local media had first reported the new investments, it had no comment on …
Toyota to invest $2 billion in Brazil, says Brazilian vice-president Read More »
MANILA (Reuters) – Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on Sunday, in a deal two of them valued at $3.3 billion. Aboitiz Power and a subsidiary of Manila Electric (Meralco) agreed to invest in the gas-fired power …
Philippines’ top energy firms partner for $3.3 billion LNG facility Read More »
TOKYO (Reuters) – Japan’s lower house of parliament passed the government’s budget for the coming fiscal year in a rare Saturday session, a win for Prime Minister Fumio Kishida whose public support has slumped. The vote ensures that the 112 trillion yen ($746 billion) budget, including relief funds for the New Year’s Day earthquake on …
Japan’s lower house passes budget in win for PM Kishida Read More »
By Emma Farge ABU DHABI (Reuters) – World Trade Organization (WTO) negotiators failed to break a deadlock on major reforms in the early hours of Saturday despite talks extending deep into overtime in Abu Dhabi, in what some delegates said was a triumph of national interest over collective responsibility. Here is a summary of what …
Factbox-What was agreed at WTO negotiations in Abu Dhabi? Read More »
By Abhirup Roy and Norihiko Shirouzu (Reuters) -Nissan is in advanced talks to invest in electric vehicle maker Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck while giving the struggling startup a financial lifeline, according to two people familiar with the negotiations. The deal could close …
Exclusive-Nissan, Fisker in advanced talks on investment, partnership-sources Read More »
SHANGHAI/HONG KONG (Reuters) – Short positions in China’s stock market shrank by a third in February to their lowest in more than three years, reflecting measures by regulators to curb speculation and boost investor confidence. China’s blue-chip CSI300 Index has bounced nearly 14% from five-year lows it hit last month as selling pressure eases in …
Short positions in China stocks shrink after regulatory crackdown Read More »
By Marc Jones, Xie Yu and Scott Murdoch LONDON/HONG KONG (Reuters) – A liquidation petition filed against China’s Country Garden will ramp up pressure on the embattled developer to come to the negotiating table for debt restructuring talks, some of its offshore creditors, advisers, and analysts said. The liquidation order against peer China Evergrande in …
