SEOUL (Reuters) – South Korea’s public pension fund said on Wednesday it would invest in locally-listed companies that are working to boost their value. The National Pension Service (NPS), the world’s third-largest public pension fund, is in the process of selecting three domestic fund managers to outsource its investments and will finalise the decision by …
South Korea pension fund to support corporate reform efforts Read More »
By Scott Murdoch and Lewis Jackson SYDNEY (Reuters) -The Australian Competition Tribunal’s green light for ANZ’s proposed A$4.2 billion ($3.2 billion) buyout of Suncorp’s banking assets on Tuesday does not mean similar deals will be waved through, the head of the anti-trust regulator told Reuters. The ruling delivered by the ACT in Sydney meant ANZ …
Australia competition regulator warns ANZ, Suncorp buyout ruling no green light Read More »
By Jason Xue and Summer Zhen SHANGHAI/HONG KONG (Reuters) -China’s stock exchanges on Tuesday said major quant fund Lingjun Investment had broken rules on orderly trading and barred it from buying and selling for three days, as part of wider regulatory efforts to revive market confidence. Orders from Lingjun to dump stocks in early trade …
China restricts quant fund Lingjun in effort to boost market Read More »
(Reuters) – Middle Eastern and Chinese sovereign wealth funds are considering investing in McDonald’s China business, Bloomberg News reported on Tuesday citing people familiar with the matter. Firms including Mubadala Investment, Qatar Investment Authority (QIA) and China Investment Corp (CIC) are in talks to jointly invest in the fast-food giant’s China operations as minority shareholders, …
By Lisa Barrington, Brenda Goh and Joe Brock SINGAPORE (Reuters) -Singapore on Tuesday kicked off Asia’s biggest aviation gathering with orders for China’s COMAC and Boeing planes as the industry grapples with a rebound in post-pandemic travel demand in the face of severe supply constraints. More than 1,000 companies from more than 50 countries are …
Singapore air show kicks off with orders for China’s COMAC, Boeing Read More »
By Sophie Yu and Orathai Sriring BEIJING/BANGKOK (Reuters) -Chinese travellers flocked to tourist hot-spots across Asia over the Lunar New Year break, with visitor numbers and spending in destinations including Singapore, Thailand and Malaysia exceeding pre-COVID levels. Visa-free access for Chinese tourists to the Southeast Asia countries boosted traffic and signalled a robust revival in …
Chinese tourists flock to Southeast Asia as overseas travel bounces back Read More »
JAKARTA (Reuters) -Indonesian President Joko Widodo said on Tuesday he had signed a regulation requiring digital platforms to pay media outlets that provide them with content, a move aimed at levelling the playing field between the media industry and big tech companies. Digital platforms in Indonesia include Meta Platforms’ Facebook, Alphabet Inc’s <GOOGL.O) Google and …
Indonesia issues regulations requiring digital platforms to pay media for content Read More »
By Philip Blenkinsop BRUSSELS (Reuters) – China needs to play a constructive role in talks at the World Trade Organization to reform global trade rules on industrial subsidies or risk rivals setting their own policies at China’s expense, the European Union’s trade chief said on Monday. Ministers from the WTO’s 164 members will gather in …
China must see need to reform WTO rules, says EU trade chief Read More »
By Stefanno Sulaiman, Devjyot Ghoshal and Joe Brock JAKARTA (Reuters) – When a Chinese rocket malfunctioned shortly after launch in April 2020, destroying Indonesia’s $220 million Nusantara-2 satellite, it was a blow to the archipelago’s efforts to strengthen its communication networks. But it presented an opportunity for one man. Elon Musk – the owner of …
How a Chinese rocket failure boosted Elon Musk’s SpaceX in Indonesia Read More »
JAKARTA (Reuters) – Indonesia on Tuesday launched a revised “taxonomy” or green investment rulebook categorising coal-fired power plants used in nickel facilities as part of the global transition to a green economy, in a move likely to face opposition from green groups. Environmentalists criticised the notion of categorising the financing of new coal power plants …
Indonesia’s new green investment rulebook includes coal power plants Read More »
