TOKYO (Reuters) – Nippon Steel, Japan’s top steel producer, lifted its net profit forecast for the year through end-March to reflect stronger-than-expected results in the first half, helped by improved margins and higher gains from group companies. The steelmaker now expects an annual net profit of 420 billion yen ($2.78 billion), up from its August …
Nippon Steel lifts annual outlook on improved first-half margins Read More »
SINGAPORE (Reuters) – Singapore’s sovereign wealth fund GIC has invested in a 35% stake in Hotel Investment Partners (HIP), an owner of resort hotels in Southern Europe, according to a statement by HIP on Tuesday night. Financial details of the investment were not disclosed. Founded in 2015, HIP was acquired by funds managed by Blackstone …
Singapore’s GIC buys 35% stake in European hotel operator HIP Read More »
By Brigid Riley and Kevin Buckland TOKYO (Reuters) – A day after loosening its grip on long-term interest rates, the Bank of Japan intervened in the government bond market to rein in a jump in yields to fresh decade highs, reminding the market that it should avoid moving too fast. The 10-year Japanese government bond …
BOJ intervenes as JGB yields make decade highs after YCC tweak Read More »
By Fransiska Nangoy JAKARTA (Reuters) -Indonesia aims to cut carbon emissions to 250 million metric tons for its on-grid power sector in 2030 and increase its share of renewable energy generation to 44% under a Just Energy Transition Partnership (JETP), its plan showed on Wednesday. The partnership, a financing scheme of equity investments, grants and …
Indonesia sets emission target for G7 funding, lays out investment map Read More »
BEIJING (Reuters) – China’s most popular social media platforms on Tuesday announced that “self-media” accounts with more than 500,000 followers will be asked to display real-name information, a controversial measure that has prompted concerns over doxxing and privacy among some users. “Self-media” includes news and information not necessarily approved by the government, a genre of …
China removes anonymity of bloggers’ accounts with more than 500,000 followers Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Investment firm Anatole Investment Management called on STAAR Surgical Company to consider spinning off its Asia or China business, arguing the standalone China business could be worth as much as $5 billion, according to its letter to the company. Hong Kong-based Anatole, which owns roughly 4.2% of the …
Investor urges STAAR Surgical to spin off Asia unit – letter Read More »
By Simon Lewis and Daphne Psaledakis WASHINGTON (Reuters) -The U.S. on Tuesday imposed a form of sanctions on Myanma Oil and Gas Enterprise (MOGE), the U.S. Treasury Department said, but stopped short of imposing full blocking sanctions on the ruling junta’s main source of foreign revenue. The action, first reported by Reuters, prohibits certain financial …
US targets Myanmar’s state oil and gas enterprise with form of sanctions Read More »
(Reuters) – The Japanese yen tumbled on Tuesday after the Bank of Japan made a smaller tweak its bond yield control policy than some investors had been expecting, and said it would patiently maintain accommodative policy. The dollar gained 1.7% on the yen on Tuesday, its biggest daily gain since April, and hit a one-year …
Japanese yen tumbles, nears 33-year low v dollar after BOJ meet Read More »
BEIJING (Reuters) -China will step up the Communist Party’s leadership of its $61 trillion finance industry and strengthen efforts to reduce local debt risks, state media reported, citing a key twice-a-decade financial policy meeting that was held on Oct.30-31. China will uphold the centralised and unified leadership of the Communist Party on financial work, the …
Key China gathering sees bigger role for Communist Party in finance Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Malaysian bank CIMB and Japanese finance company J Trust are among firms vying to buy Indonesia’s PT Bank Commonwealth in a deal that could value the lender at $400-$500 million, two sources with knowledge of the matter said. Bank Commonwealth, which is 99% owned by Australia’s biggest lender Commonwealth Bank …
CIMB, J Trust among suitors for Indonesia’s Bank Commonwealth -sources Read More »
