Reuters Asia Business

As Toshiba investors carp, No. 2 shareholder urges EGM vote on break-up plan

6 Jan 2022

By Makiko Yamazaki TOKYO (Reuters) – The second-largest investor in Japan’s Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan that has angered some major overseas shareholders. The proposal by Singapore-based hedge fund 3D Investment Partners marks the latest in …

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China cyberspace regulator says it will build solid national cyber security barrier

6 Jan 2022

BEIJING (Reuters) – China will speed up establishment of a comprehensive internet governance system and build a solid national cyber security barrier, the cyberspace regulator said on Thursday. China will win the battle for core technologies in the information field, it said in a statement on its website. It also stressed the need to expand …

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China bans most exclusive copyright deals for digital music platforms

6 Jan 2022

(Reuters) -China’s copyright authority said on Thursday digital music platforms are not allowed to sign exclusive copyright agreements except in special circumstances, amid a regulatory crackdown on monopolistic behaviour in the country’s private sector. The National Copyright Administration of China (NCAC) gave the order on Thursday at a meeting in Beijing with influential digital music …

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Indonesia revokes more than 2,000 mining and plantation permits

6 Jan 2022

JAKARTA (Reuters) – Indonesian President Joko Widodo said on Thursday more than 2,000 mining, plantation and forest-use permits have been revoked due to non-compliance or because they had been unused, tightening oversight of the nation’s natural resources. Jokowi, as the president is known, said in a broadcast the action was taken to improve governance and …

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Toshiba ‘carefully considering’ response to demands for EGM

6 Jan 2022

TOKYO (Reuters) – Toshiba Corp said on Thursday it was “carefully considering” its response to a call by its second-largest shareholder to hold an extraordinary general meeting. Singapore-based hedge fund 3D Investment Partners had called for the meeting in an effort to force the Japanese company to require two-thirds support before continuing with a controversial …

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Malaysia’s top anti-graft official to cooperate with regulator after share trading allegations

6 Jan 2022

KUALA LUMPUR (Reuters) – Malaysia’s top anti-graft official said on Thursday he will cooperate with the country’s securities regulator after it asked him for an explanation on the use of his share trading account. Azam Baki, the chief commissioner of the Malaysian Anti-Corruption Commission (MACC), has faced calls to explain allegations that he owned millions …

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Tencent’s WeChat mini program daily users in China hit 450 million

6 Jan 2022

GUANGZHOU, China (Reuters) -China’s dominant messaging app, Tencent Holdings’ Weixin, known as WeChat outside the country, said on Thursday that average daily active users for its mini programs hit 450 million in 2021. That represents a 13% increase from a year earlier, much slower than the 33% growth seen in 2020, according to previous figures …

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Hong Kong airport authority raises $4 billion in bond deal, sees strong demand

6 Jan 2022

By Scott Murdoch HONG KONG (Reuters) – Hong Kong’s airport authority has raised $4 billion to fund its third runway development in a four-tranche U.S. dollar debt deal, according to an official statement, as the city grapples with flight bans and cancellations amid COVID-19 curbs. It raised $1 billion in a five-year green bond tranche, …

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Crypto crime hit record $14 billion in 2021, research shows

6 Jan 2022

By Tom Wilson LONDON (Reuters) – Crime involving cryptocurrencies hit an all-time high of $14 billion last year, blockchain researcher Chainalysis said on Thursday, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses linked to illicit activity including scams, darknet markets and ransomware jumped …

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