MUMBAI (Reuters) – Reuben Ong, a senior banker at JP Morgan Chase, will lead its private credit financing business in Southeast Asia, an announcement seen by Reuters showed, as borrowers look for alternative financing options. Ong has been with JP Morgan for more than 13 years and his tenure has dovetailed with the bank becoming …
JP Morgan’s Ong to lead Southeast Asia private credit business – memo Read More »
By Anton Bridge TOKYO (Reuters) -Fujitsu will not abandon or significantly shrink its European businesses, chief financial officer (CFO) Takeshi Isobe said at the Japanese IT company’s third quarter earnings briefing on Wednesday. But Fujitsu must work to recover credibility after a scandal in which hundreds of Post Office workers in Britain were wrongly convicted …
Fujitsu commits to Europe, but says UK pullback may yet hit finances Read More »
(Reuters) – China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan as it came under pressure in currency trade as the economy remains shaky. State banks often act on behalf of China’s central bank in the foreign exchange market, but they …
China’s major state banks defend yuan as stock markets slide – sources Read More »
(Reuters) -Universal Music Group (UMG) will cease licensing its content to TikTok and TikTok Music services, as the music label said on Tuesday that its agreement with the social media platform has not been renewed. UMG has been pressing TikTok for appropriate artist and songwriter compensations in their contract renewal discussions, among other things, it …
Universal Music, TikTok fail to reach new licensing agreement Read More »
By Makiko Yamazaki TOKYO (Reuters) – Nomura Holdings said on Wednesday it would buy back up to 4% of its own shares after reporting record net revenue from its investment banking division, fuelled by buoyant fundraising deals in a stock market boom in Japan. Japan’s biggest brokerage and investment bank will buy back shares worth …
Japan’s Nomura announces major buyback after record investment banking revenue Read More »
By Clare Jim and Liangping Gao HONG KONG/BEIJING (Reuters) -A state-backed property project in China has received the first development loan under Beijing’s so-called “whitelist” mechanism and two major cities have eased home-buying curbs, state media reported, as concerns mount about the liquidation of Evergrande. The latest measures add to a string of supportive policies …
China unveils new property support measures amid concerns about Evergrande fallout Read More »
BEIJING (Reuters) -China on Wednesday published revised rules on how local governments should manage funds allocated by Beijing for scientific and technological innovation, at a time when local government finances are under stress. The rules reiterate the need for local governments to report wasteful and illegal use of such funds to central government ministries, and …
China warns local govts not to misuse tech innovation funds Read More »
By Anton Bridge TOKYO (Reuters) – Japan Airlines’ incoming president Mitsuko Tottori joins a sparse cohort of female executives leading Japanese firms. While the number of all-male boards of directors in Japan Inc has fallen markedly in recent years, few women have been able to work their way up internally, highlighting the obstacles facing women …
Factbox-Japan’s small cohort of listed firms led by women Read More »
(Reuters) – Australia’s Origin Energy reported a 28% fall in second-quarter revenue from its stake in the Australia Pacific LNG (APLNG) project on Wednesday, hurt by lower realized prices of oil and natural gas. The power retailer said revenue from APLNG, a joint venture with ConocoPhillips and Sinopec, fell to A$591 million ($390.06 million)in the …
Australia’s Origin Energy posts 28% fall in second-quarter APLNG revenue Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar edged lower against the euro and higher against the yen on Tuesday, but failed to find strong direction ahead of the conclusion of the Federal Reserve’s two-day meeting. The U.S. central bank is expected to leave interest rates unchanged on Wednesday and investors will focus on any …
Dollar mixed in tight trading range before Fed statement Read More »
