By Yantoultra Ngui SINGAPORE (Reuters) – Carro, a Southeast Asian online automotive marketplace, is in talks with potential investors to raise over $100 million ahead of a possible U.S. listing in 18 months, said a senior executive at the Singapore-headquartered unicorn. “Currently we are entertaining approaches from certain investors as a result of which we …
TOKYO (Reuters) – Japan’s Mitsubishi Heavy Industries said on Wednesday it expects to double its defence revenue to about 1 trillion yen ($6.68 billion) from the business year starting April 2024. The increase would come partly from the expansion of facilities to build missiles and develop next-generation fighter jets, it said. From the fiscal year …
Mitsubishi Heavy expects to double defence revenue next year Read More »
By Selena Li and Yantoultra Ngui HONG KONG/SINGAPORE (Reuters) – Citigroup has made new appointments in Asia Pacific following a sweeping global reorganization the U.S. bank announced on Monday, according to a person with direct knowledge of the matter. Citi’s Capital Markets and Advisory Head for Asia, Jan Metzger, will lead its investment bank for …
Citi makes new appointments in Asia Pacific as part of restructuring Read More »
BEIJING (Reuters) -Police in the southwestern city of Chengdu said they had arrested a 39-year-old man surnamed Chen on suspicion of opening a casino, according to a notice on Wednesday. The person, who it described as Chen Moujie, has been arrested in accordance with the law and a further investigation is ongoing, the notice said. …
China police arrest man on suspicion of opening casino; local media link case to DouYu Read More »
LONDON (Reuters) -Sony must face a mass lawsuit worth up to 6.3 billion pounds ($7.9 billion) over claims the PlayStation maker abused its dominant position leading to unfair prices for customers, a London tribunal ruled on Tuesday. Sony Interactive Entertainment (SIE) was sued last year on behalf of nearly 9 million people in the United …
Sony facing $7.9 billion mass lawsuit over PlayStation Store prices Read More »
By Chris Prentice, David Lawder and Jonathan Stempel NEW YORK (Reuters) -Binance chief Changpeng Zhao stepped down and pleaded guilty to breaking U.S. anti-money laundering laws as part of a $4.3 billion settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. The deal, which will see Zhao personally pay …
Binance’s Zhao to plead guilty, step down to settle US illicit finance probe Read More »
By Rocky Swift and Chris Gallagher SHIZUOKA CITY, Japan (Reuters) – In a still fuelled by cedar from nearby forests, Shizuoka Distillery, a leader in Japan’s new wave of independent whisky makers, crafts its spirits to tap into surging global demand. This year marks the 100 year anniversary of whisky making in Japan since the …
Japanese whisky turns 100 as craft distilleries transform industry Read More »
By James Pearson LONDON (Reuters) -Using fake names, sham LinkedIn profiles, counterfeit work papers and mock interview scripts, North Korean IT workers seeking employment in Western tech companies are deploying sophisticated subterfuge to get hired. Landing a job outside North Korea to secretly earn hard currency for the isolated country demands highly-developed strategies to convince …
North Koreans use fake names, scripts to land remote IT work for cash Read More »
By Niket Nishant, Hannah Lang and Tom Wilson (Reuters) -Binance chief Changpeng Zhao will step down and plead guilty to breaking criminal U.S. anti-money laundering laws as part of a settlement resolving a years-long probe into the world’s largest crypto exchange, prosecutors said on Tuesday. But he’s not the only one in regulators’ sights. As …
Factbox-Which crypto bosses besides Binance’s CZ are in US authorities’ crosshairs? Read More »
By Naomi Rovnick and Kevin Buckland LONDON/TOKYO (Reuters) – Global inflationary forces are finally seeping into Japan’s economy after decades of falling prices, forcing investors to radically rethink their Japan bets as the Bank of Japan considers a major policy shift. International investors, who have long favoured stocks benefiting from Japan’s ageing population or a …
Analysis-Japan’s inflation comeback prompts investors to tear up old playbooks Read More »
