TOKYO (Reuters) -Japan’s Nikkei share average hit a more-than-three-decade-high on Monday before reversing course to end lower as investors turned cautious about the index’s recent sharp gains. The Nikkei index fell 0.59% to close at 33,388.03, after rising earlier to its highest level since March 1990. The broader Topix also changed course to end 0.77% …
Nikkei falls from 33-year high as sharp gains stoke caution Read More »
A look at the day ahead in European and global markets from Monday. It’s been a mixed start for most of Asia in this holiday-truncated week, though Japanese shares extended their bull streak to hit highs not seen since 1990. The Nikkei is up more than 8% so far this month, and almost 29% for …
Marketmind: Japanese stocks party like it’s 1990 Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK(Reuters) -Thailand’s economy grew much slower-than-expected in the third quarter, weighed down by weak exports and government spending, the state planning agency said on Monday, while predicting stronger growth next year. Gross domestic product (GDP) expanded 1.5% in the July-September quarter from a year earlier, the National Economic and …
Thai Q3 GDP growth disappoints, missing forecasts amid weak exports Read More »
BEIJING (Reuters) – China’s central bank said on Sunday it has granted a clearing licence to a joint venture set up by MasterCard Inc. The joint venture, established in China by MasterCard and NetsUnion Clearing Corporation, can authorise its member institutions to issue “MasterCard” branded Yuan bank cards in China, said the People’s Bank of …
China’s central bank issues clearing licence to MasterCard’s joint venture Read More »
(This Nov. 17 story has been corrected to chnage the name to Kishida, not Kim, in paragraph 3) By Ann Saphir PALO ALTO, California (Reuters) – South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida pledged cooperation on clean-energy supply chains, quantum computing and other innovative technology during a Silicon Valley roundtable …
Japan’s Kishida, S. Korea’s Yoon talk tech, cooperation in Silicon Valley Read More »
(Corrects Nov. 17 story to clarify in paragraph 7 that India is not the only South Asian country to have nuclear power plants) (Reuters) -Sri Lanka will call for expressions of interest (EOI) in setting up nuclear power plants, its energy minister said on Friday, as it seeks cheap electricity to support its economic recovery. …
Sri Lanka seeks investors for nuclear power plants Read More »
BEIJING (Reuters) – China’s central bank and financial regulators pledged on Friday to ensure financing support for the property sector and to work together to resolve local government debt risks. Chinese leaders are trying to revive the economy and fend off potential financial risks from a property slump and 92 trillion yuan ($12.77 trillion) in …
China vows to support property sector, tackle local debt Read More »
JAKARTA (Reuters) -Vale Base Metals said its Vale Canada unit and Japan’s Sumitomo Metal Mining signed an initial agreement on Friday to sell a 14% stake in their Indonesian nickel mining unit to Indonesia’s state miner. Vale Canada and Sumitomo signed the so-called heads of agreement to sell the shares to PT Mineral Industri Indonesia …
By Greg Bensinger SAN FRANCISCO (Reuters) -Days after General Motors’ Cruise self-driving car unit pulled all of its vehicles off the roads in the U.S. for a safety review, it continues to test them on public roads in Dubai and Japan, Reuters has learned. Cruise this week said it had paused all car trips in …
Cruise testing continues in Japan, Dubai, even as vehicles parked in US Read More »
By Joyce Lee SEOUL (Reuters) -Samsung Electronics chairman Jay Y. Lee denied wrongdoing on Friday after South Korean prosecutors called for him to be jailed for five years on charges of accounting fraud and stock price manipulation involving an $8 billion merger of Samsung affiliates in 2015. The hearing is the final lower court session …
