TOKYO (Reuters) – Tokyo Steel Manufacturing Co Ltd, Japan’s top electric-arc furnace steelmaker, on Monday said it will keep steel product prices steady in March to ensure that a hike implemented this month will be absorbed by the market. The company raised prices for four steel products by up to 1.9% in February to reflect …
Tokyo Steel to keep product prices unchanged in March Read More »
TOKYO (Reuters) – Japan’s Tohoku Electric Power said on Monday it plans to restart reactor No. 2 at its Onagawa nuclear station around September after additional safety construction works delayed the process. Tohoku’s Onawaga plant was closest among Japan’s nuclear stations to the epicentre of the magnitude-9 quake in March 2011. The company received a …
Japan’s Tohoku Electric aims to restart Onagawa No.2 reactor in September Read More »
TOKYO (Reuters) – Nintendo shares fell 6% on Monday after reports by games media and Bloomberg that its next-generation console will be delayed until early 2025 from later this year. While Nintendo has not commented on plans for a successor device beyond saying that it is always working on new hardware and software, the Kyoto-based …
Nintendo shares slide on reports of delayed Switch successor release Read More »
(This Feb. 16 story has been corrected to fix the concluding date of wage negotiations to March 13, not March 15, in paragraph 17) By Leika Kihara TOKYO (Reuters) – The Bank of Japan is on track to end negative interest rates in coming months despite the economy’s fall into recession, say sources familiar with …
Unfazed by recession, BOJ keeps April policy shift on table Read More »
SHANGHAI/SINGAPORE (Reuters) – China’s central bank left a key policy rate unchanged as expected on Sunday when rolling over maturing medium-term loans, with uncertainties around the timing of an easing by the Federal Reserve limiting Beijing’s room to manoeuvre on monetary policy. Beijing is striking a delicate balancing act to support the economy at a …
China central bank leaves key policy rate unchanged under shadow of Federal Reserve Read More »
(Reuters) – The liquidators of property developer China Evergrande are preparing for a potential lawsuit against its auditor PricewaterhouseCoopers (PwC), the Financial Times reported on Saturday, citing people with knowledge of the conversations. The talks were at an early stage, the report cited the people as saying, adding that their existence did not indicate Evergrande’s …
China Evergrande’s liquidators prepare to sue PwC over audits, FT reports Read More »
TOKYO (Reuters) – U.S. buyout fund Bain Capital plans to help Japanese outdoor goods maker Snow Peak go private under a management buyout worth 50 billion yen ($333 million), the Nikkei newspaper reported on Saturday, without citing sources. Bain and the company will make a public tender offer, which will be announced as early as …
Bain Capital plans to take Japan’s Snow Peak private under management buyout – Nikkei Read More »
TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said there will likely come a time when the country’s interest rates will begin to rise and affect the economy through various channels, according to an interview with the Nikkei newspaper published on Saturday. “The Bank of Japan holds jurisdiction over monetary policy. But there will be a …
Japan’s finance minister eyes future rise in interest rates -Nikkei Read More »
SÃO PAULO (Reuters) – Brazil’s logistics operator VLI said on Friday that Mitsui & Co sold a 10% stake in VLI to a subsidiary of asset manager Brookfield, according to a securities filing from the Brazilian firm. VLI did not disclose the deal’s value. (Reporting by Andre Romani)
(Reuters) -SoftBank Group Chief Executive Officer Masayoshi Son is looking to raise up to $100 billion for a chip venture that will rival Nvidia Corp, Bloomberg News reported on Friday, citing people with knowledge of the matter. The project, code named Izanagi, will supply semiconductors essential for artificial intelligence (AI), the report added. The company …
SoftBank’s Son is seeking about $100 billion for AI chip venture, Bloomberg reports Read More »
