By Divya Rajagopal and Neha Arora TORONTO (Reuters) -Japan’s JFE Steel Corp is in talks to buy a stake in the metallurgical coal business of Canada’s Teck Resources, two people aware of the development told Reuters, adding to the list of suitors that also includes miner Glencore. Major steelmakers are seeking to diversify their supplies …
Exclusive-Japan’s JFE Steel eyes stake in Teck’s coal business -sources Read More »
By Scott Murdoch and Anousha Sakoui SYDNEY/LONDON (Reuters) – A major group of Country Garden offshore bondholders has appointed PJT Partners as financial advisors to lead discussions with the troubled Chinese property developer, according to two sources with knowledge of the matter. Bondholders have been seeking urgent talks with the company since it missed a …
Exclusive-Country Garden offshore bondholders retained PJT Partners – sources Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan upgraded its assessment of most regional economies on Thursday but warned that rising living costs and global uncertainties were clouding the outlook for sustained price and wage increases. The cautiously optimistic tone comes amid uncertainty over whether conditions will allow the central bank to phase out …
BOJ upbeat on regional Japan but warns of uncertain wage outlook Read More »
By Toby Sterling AMSTERDAM (Reuters) -The chief executive of Dutch semiconductor equipment maker ASML Holding NV said one more of its products falls under new export restrictions rules affecting China announced by the U.S. this week. The Twinscan NXT1980Di tool can be used to help make both relatively advanced computer chips as well as mid-range …
Another ASML tool hit by US export curbs, China at 46% of sales Read More »
(Reuters) – Beijing is weighing holding up U.S. chipmaker Broadcom Inc’s $69 billion purchase of cloud computing company VMware Inc, the Financial Times reported on Thursday citing three sources familiar with the matter. China’s State Administration of Market Regulation has not signed off on the deal and is likely to delay approving the transaction after …
Beijing weighs delaying approval of $69 billion Broadcom-VMware deal- FT Read More »
TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida’s cabinet is set to approve a scheduled economic stimulus package on Nov. 2, later than the previously planned late October timeframe, two government and ruling party officials said on Thursday, confirming an earlier report by Kyodo news agency. Kishida has said the package will include measures to cushion …
Japan’s cabinet to approve economic package on Nov 2 Read More »
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a smaller-than-expected 25% fall in third-quarter net profit on Thursday and said it sees signs of stability, raising hopes that a slowdown in the semiconductor industry is poised for recovery. The world’s largest contract chipmaker was upbeat about the year ahead, predicting healthy …
TSMC flags better times ahead as Q3 profit beats expectations Read More »
BANGKOK (Reuters) – Thailand will delay the rollout of its digital wallet handout scheme but still launch it in the first quarter of next year, a deputy finance minister said on Thursday. The new government’s signature economic programme was originally scheduled to begin on Feb. 1. It aims to give 10,000 baht ($274.27) in handouts …
By Byron Kaye WILTON, Australia (Reuters) -Four years after Chinese property giant Country Garden launched a A$2 billion ($1.27 billion) development of 3,600 homes an hour’s drive southwest of Sydney, the outer suburban site remains a sparse field with fewer than 50 houses under construction. The “masterplanned community” of Wilton Greens that has promised buyers …
Reality check, as Country Garden sells down a barely started Australia project Read More »
SHENZHEN, China (Reuters) – Huawei Technologies has sold 1.6 million of its Mate 60 Pro handsets in six weeks, a research firm said, as the Chinese technology giant defies a smartphone slowdown to enjoy strong demand in its high-end smartphone renaissance. Of those sales, more than 400,000 units were in the last two weeks, the …
China’s Huawei sells 1.6 million Mate 60 Pro handsets in six weeks – research firm Read More »
