TOKYO (Reuters) – Japan’s NEC Corp could spend up to 500 billion yen ($4.4 billion) over the next five years on acquisitions in order to bolster its technology offerings, including 5G mobile broadband, the company’s CEO said. “It’s natural that we would have 500 billion yen in investment capacity,” Takayuki Morita said at a press …
NEC could spend up to $4.4 billion on acquisitions by 2025, says CEO Read More »
TOKYO (Reuters) – A fund backed by activist investor Yoshiaki Murakami raised its stake in Japan’s Shinsei Bank, the target of a $1.1 billion takeover bid by SBI Holdings Inc. The Murakami-linked City Index Eleventh fund has been steadily increasing its ownership in Shinsei. The fund along with S-Grant Corp and other investors now hold …
Murakami-linked fund boosts stake in Japan’s Shinsei Bank Read More »
TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Tuesday he would stick to the government’s aim of balancing its budget by fiscal year 2025. Suzuki told reporters after a cabinet meeting that he was not considering setting a different fiscal target to replace the current primary budget goal. (Reporting by Tetsushi Kajimoto; Editing …
Japan Finance Minister vows to adhere to budget balancing target Read More »
MANILA (Reuters) – The Philippine economy is likely to grow faster than previously thought this year, with momentum expected to pick up further next year, but downside risks caused by the coronavirus pandemic persist, the World Bank said on Tuesday. The World bank raised its 2021 growth forecast for the Philippines to 5.3% from a …
Philippine recovery to gather pace, but virus risks linger -World Bank Read More »
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine inflation in November eased to the lowest level in four months, supporting expectations that the central bank will keep its benchmark interest rates steady at its last meeting this year to support an economic recovery. The Bangko Sentral ng Pilipinas (BSP), which has …
Philippine November inflation slows, but above forecast Read More »
By Daniel Leussink TOKYO (Reuters) -Japan’s household spending posted an annual drop for the third straight month in October, though the pace of decline slowed, as consumer sentiment struggled to stage a convincing recovery after coronavirus curbs ended. The world’s third-largest economy has lagged other nations in its recovery from the health crisis, mostly due …
Japan’s Oct household spending extends decline on COVID-19 drag Read More »
TOKYO (Reuters) – Japan’s coincident indicator index rose for the first time in four months in October, the government said on Tuesday, as economic activity improved after coronavirus infections subsided. The index of coincident economic indicators, which consists of a range of data including factory output, employment and retail sales, gained a preliminary 1.2 points …
Japan’s Oct coincident index posts first rise in four months Read More »
BEIJING (Reuters) -China’s exports growth lost steam in November, pressured by a strong yuan, weakening demand and higher costs, but imports unexpectedly accelerated as the country scrambled to restock depleted commodities like coal. Exports rose 22% year-on-year in November, customs data showed on Tuesday, slower than the 27.1% jump in the previous month but faster …
China Nov export growth slows but imports accelerate on restocking Read More »
TOKYO (Reuters) – Toyota Motor Corp on Tuesday said it is happy to use scratched or blemished parts from suppliers as the world’s biggest car producer tries to trim costs amid a production-curbing global chip shortage and rising material costs. Toyota’s acceptance of good enough by using parts it would have thrown away in the …
Toyota embracing small flaws as supply chain pressures bite Read More »
TAIPEI (Reuters) -U.S. Commerce Secretary Gina Raimondo discussed chip supply chains during a call with her opposite number in Taiwan and the two will cooperate on technology trade and investment through a newly established mechanism, her office said. The United States has repeatedly pressed Taiwan, as a major chip producer, to do more to help …
U.S., Taiwan discuss chips, to cooperate under new framework Read More »
