SYDNEY (Reuters) – As Japanese shares finally reclaim past peaks it harks back to a time when everyone in the country seemed to be a stock market millionaire – a Tokyo car park was worth more than New York’s Central Park and the future looked like one endless party. It is difficult now, after three …
Japan’s crazy 1980s bubble a dim memory as Nikkei hits record high Read More »
JAKARTA (Reuters) – Facebook parent Meta Platforms on Thursday said it believes that a new Indonesia law does not require it to pay news publishers for content they voluntarily post to its platforms. Indonesia’s president this week signed into law a requirement that digital platforms pay media outlets that provide them with content. It is …
Meta believes it is not required to pay for Indonesia news content posted voluntarily Read More »
By Brenda Goh and Lisa Barrington SINGAPORE (Reuters) – Chinese state-owned planemaker COMAC upstaged industry leaders Airbus and Boeing at the Singapore Airshow this week, showing off its self-developed C919 and ARJ21 jets as it pursues international certifications and foreign orders. “A reliable new choice,” proclaimed an advertisement on COMAC’s large booth in the centre …
Chinese planemaker COMAC upstages Airbus and Boeing at Singapore Airshow Read More »
(Corrects to Wednesday from Monday in first paragraph of Feb 21 story) (Reuters) -Wilmar International reported a drop in annual net profit on Wednesday, citing the weaker performance of its feed and industrial products unit, and forecast tough operating conditions to persist into fiscal 2024. The company’s tropical oils business saw weaker margins in its …
Singapore’s Wilmar International FY profit slumps, projects weak 2024 (Feb 21) Read More »
By Satoshi Sugiyama TOKYO (Reuters) – The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank. Nearly the same proportion of economists, 76%, also expect the BOJ …
BOJ to scrap negative interest rates in April, say over 80% of economists : Reuters poll Read More »
TOKYO (Reuters) -Japan’s Nikkei share average surged to a record high on Thursday, eclipsing the 1989 bubble-era peak, as chip-related stocks led across-the-board gains after U.S. chipmaker Nvidia’s outlook beat market expectations. The Nikkei closed up 2.19% at 39,098.68, having earlier risen to a high of 39,156.97, topping the previous all-time closing and intraday highs …
Nikkei rockets to all-time peak as Nvidia optimism drives chips rally Read More »
By Tom Westbrook SINGAPORE (Reuters) -A record high for Japanese stocks caps a long walk out of the investment wilderness as money, momentum and signs of change in corporate Japan put the market back atop global portfolios. It has been a long time coming: more than 34 years and long enough to scar a generation …
Analysis-At last, FOMO puts Japan’s stocks back on global wishlist Read More »
By Jeslyn Lerh and Emily Chow SINGAPORE (Reuters) – Demand for sustainable aviation fuel (SAF) should see a long-sought boost after regional airline hub Singapore said it would require SAF on flights from 2026, but high costs and uncertain raw material supply will mean barriers to wider adoption remain. The city-state will initially require flights …
Singapore’s green jet fuel mandate faces cost, supply headwinds Read More »
By Tim Hepher and Lisa Barrington (Reuters) -Europe’s Airbus is close to a provisional deal to sell around 20 A330neo wide-body airliners to Vietnamese budget carrier VietJet, industry sources said on Wednesday. The multi-billion-dollar commitment could be announced as early as Thursday at the Singapore Airshow, they said, pointing to what would be the largest …
Airbus nears deal to sell A330neo jets to VietJet -sources Read More »
(Reuters) -Japan’s Yazaki Corporation will invest $90 million in an auto parts factory in Santiago de los Caballeros in northern Dominican Republic, the Caribbean country’s government said on Wednesday. The manufacturing plant will employ some 1,500 people in its initial phase, the government said. Yazaki’s North America chief Kenichi Fujisawa traveled to the Dominican Republic …
Japan’s Yazaki to invest $90 million in Dominican Republic auto parts plant Read More »
