Reuters Asia Business

By Ariba Shahid and Mushtaq Ali KARACHI/PESHAWAR, Pakistan (Reuters) – When the military was called on to help defend Pakistan’s ailing currency, licensed foreign exchange traders cheered while their black market rivals in the bazaars of Peshawar, Karachi and other cities shuttered their shops before they got taken away. The campaign against the informal market …

Pakistan’s military helps stifle currency black market to stabilise rupee Read More »

(This Sept.12 story had been refiled to correct a typographical error in the headline) By Tetsushi Kajimoto TOKYO (Reuters) – Confidence at big Japanese manufacturers fell the most in eight months, while morale in the services sector also slumped on worries a slowdown in China’s economy could be a bigger drag on growth globally and …

Japan corporate mood sours on fears of China-led global downturn Read More »

By Echo Wang and Anirban Sen NEW YORK (Reuters) -SoftBank Group Corp’s chip designer Arm Holdings Plc priced its U.S. initial public offering (IPO) at $51 per share on Wednesday afternoon at the top end of its indicated price range, people familiar with the matter said. The IPO raised $4.87 billion for SoftBank based on …

SoftBank’s Arm prices IPO at $51 per share -sources Read More »

By Echo Wang and Anirban Sen NEW YORK (Reuters) – SoftBank Group Corp’s chip designer Arm Holdings Plc priced its U.S. initial public offering (IPO) at $51 per share on Wednesday afternoon at the top end of its indicated price range, people familiar with the matter said. The IPO raised $4.87 billion for SoftBank based …

Exclusive-SoftBank’s Arm prices IPO at $51 per share-sources Read More »

By Rishav Chatterjee (Reuters) – Australia’s Macquarie and Malaysian hospital chain Columbia Asia are among the bidders for the acquisition of a healthcare joint venture between Ramsay Health Care and Sime Darby, according to sources familiar with the matter. Ramsay Health Care and Malaysian conglomerate Sime Darby in June announced their plan to sell Ramsay …

Macquarie, Columbia Asia among bidders for Ramsay-Sime Darby $1.3 billion healthcare JV – sources Read More »

WASHINGTON (Reuters) – The White House said on Wednesday it is watching apparent bans on some Chinese government official use of Apple’s iPhones with “concern,” adding it appeared to be aggressive and inappropriate retaliation. White House national security spokesman John Kirby called on China to be more transparent about the iPhone restrictions. (Reporting by Jeff …

White House watching China’s iPhone curbs with concern Read More »

By Siyi Liu, Pratima Desai and Julian Luk BEIJING/LONDON (Reuters) – The Shanghai Futures Exchange (ShFE) is looking into the possible launch of nickel futures for international use, a potential challenge to the London Metal Exchange’s (LME) contract, five sources with knowledge of the matter told Reuters. One of the sources said ShFE has been …

Exclusive-Shanghai exchange exploring potential LME nickel rival Read More »

By Tommy Wilkes LONDON (Reuters) – Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. The study also mapped out the supply chains of six unidentified global apparel …

Asia apparel hubs face $65 billion export hit from extreme weather, study shows Read More »