TOKYO (Reuters) -Japan’s Nissan Motor posted a lower-than-expected 6.4% rise in operating profit in the December quarter on Thursday, saying it will maintain its annual outlook as a more profitable product mix offset a lower full-year vehicle sales forecast. Operating profit totalled 141.6 billion yen ($951.80 million) for the three months to Dec. 31, compared …
Nissan posts 6% rise in Q3 profit, missing estimates Read More »
By Rae Wee SINGAPORE (Reuters) -Beaten-up Chinese stocks capped off their best week in more than a year on Thursday after a change of leadership at the market regulator and a string of support measures from Beijing ahead of an extended break stemmed a heavy selloff. The blue-chip CSI 300 Index closed 0.6% higher at …
China stocks clock best week in over a year on Beijing’s rescue efforts Read More »
TOKYO (Reuters) – Japanese life insurer Dai-ichi Life Holdings has reached an agreement with temporary staffing service company Pasona Group on its bid to acquire Benefit One, the Nikkei business daily reported on Thursday. Dai-ichi Life has taken a major step forward in a takeover battle against digital healthcare provider M3, which first launched a …
Dai-ichi Life reaches deal with Pasona on Benefit One acquisition – Nikkei Read More »
By Kevin Buckland TOKYO (Reuters) – Japan’s Nikkei share average closed at the highest level in 34 years on Thursday, surging more than 2% after a high-ranking Bank of Japan (BOJ) official signaled that any policy tightening would be gradual. Japanese stocks had already started the day on the front foot, following a tech-led rally …
Japan’s Nikkei closes at 34-year peak on dovish BOJ; tech shares soar Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore-headquartered corporate solutions and business advisory firm InCorp Global said on Thursday it has been acquired by global alternative investment firm Hillhouse Investment. No financial details of the financial transaction were disclosed in a statement by InCorp. InCorp said Hillhouse’s acquisition is a strategic move that will enable it to …
Hillhouse Investment acquires Singapore’s InCorp Global Read More »
TOKYO (Reuters) -Japan’s Honda Motor reported a sharp rise in operating profit for the December quarter and lifted its annual outlook, helped by robust sales in the United States, a more profitable product mix and a weaker yen. The automaker raised its full-year operating profit forecast by 4.2% to 1.25 trillion yen ($8.4 billion), versus …
Honda lifts annual profit outlook after strong Q3 Read More »
(Reuters) – China’s ousting of its securities watchdog head on Wednesday drew a muted cheer from markets, with investors holding out for bigger measures that would tackle the root of the malaise gripping the world’s second-largest economy. Yi Huiman was replaced as chairman of the China Securities Regulatory Commission, the CSRC, with Wu Qing, who …
Analysis-As China battles to shore up battered markets, investors hold out for more Read More »
By Stephen Nellis and Max A. Cherney (Reuters) -Arm Holdings on Wednesday forecast fiscal fourth-quarter sales and adjusted profit above Wall Street expectations as customers aim to design new chips for artificial intelligence work (AI), generating higher royalties for the British technology firm. Arm’s forecast ranges for its fourth quarter had midpoints of $875 million …
Arm forecast beats estimates as AI spurs chip upgrades Read More »
By Noel Randewich (Reuters) – Wall Street’s enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chipmaker is not far behind Google-owner Alphabet. A 40% surge in Nvidia so far in 2024 has elevated its market capitalization to $1.715 …
Nvidia’s stock market value on verge of overtaking Amazon Read More »
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal sees no need for further vessel transit restrictions until at least April, when its authority will evaluate water levels at the end of the dry season, Deputy Administrator Ilya Espino told Reuters. A severe drought last year forced the canal to reduce the number of …
Exclusive – Panama Canal does not plan transit restrictions at least until April Read More »
