By Sam Nussey and Miho Uranaka TOKYO (Reuters) – Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp aims to list a joint venture being set up to build a factory in Japan in five to seven years, an executive from the chipmaker said on Friday. Powerchip and Japanese financial firm SBI Holdings earlier this month said they …
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TOKYO (Reuters) – Japan’s top liquefied natural gas buyer JERA will invest $300 million in green technology-focused start-ups through a newly created in-house unit, it said on Friday, as part of the country’s efforts to reach carbon neutrality by 2050. JERA, also Japan’s biggest utility, would target start-ups which develop decarbonisation technologies including hydrogen, ammonia …
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ISLAMABAD (Reuters) – Pakistan hopes its national carrier Pakistan International Airlines can resume flights to Britain in the next three months, Aviation Minister Khawaja Saad Rafique said on Friday. Rafique made the announcement in parliament, saying new legislation this week has removed the last hurdle for the national carrier to fly to the United Kingdom. …
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BEIJING (Reuters) – China’s securities regulator on Friday issued draft rules on improving regulation of short-swing trading transactions of specific investors, to limit insider trading. Previous Chinese law requires company insiders such as board directors to return profits earned from short-term share trades to the company. The new rules would help clarify when those requirements …
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(This July 20 story has been corrected to change the attribution to senior Japan economist at UBS Securities, not economist at JPMorgan Chase in paragraph 5) By Leika Kihara TOKYO (Reuters) – Japan’s government on Thursday forecast inflation sharply exceeding the central bank’s 2% target this year, acknowledging broadening price rises that may keep alive …
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By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is leaning towards keeping its yield control policy unchanged at next week’s meeting, five sources familiar with its thinking said, as policymakers prefer to scrutinise more data to ensure wages and inflation keep rising. But there is no consensus within the central bank …
BOJ leaning towards keeping yield control steady next week – sources Read More »
By Clare Jim HONG KONG (Reuters) – The market is closely watching whether a unit of Dalian Wanda Group will make a repayment deadline for a $400 million dollar bond early next week, as a failure would weigh on already weak market confidence in China’s property sector. HOW MUCH DEBT DOES DALIAN WANDA HAVE? Dalian …
Explainer-Dalian Wanda’s repayment woes weigh on China property sentiment Read More »
By Kirsty Needham and Lewis Jackson SYDNEY (Reuters) -Australia has barred the takeover of financially stricken lithium miner Alita Resources Ltd by a China-linked company after advice from its Foreign Investment Review Board (FIRB), a spokesperson for Treasurer Jim Chalmers said on Friday. Australia supplies around half of the world’s lithium as well as other …
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KUALA LUMPUR (Reuters) – Malaysian budget airline AirAsia X on Friday said it has asked the country’s stock exchange to lift its classification as a financially distressed firm. Both AirAsiaX and its parent company Capital A saw deep losses following a plunge in demand due to the pandemic and have scrambled to raise funds. Bursa …
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JAKARTA (Reuters) – Indonesia has launched a national crypto asset bourse to provide regulators with transaction records and better protect crypto investors, the government announced this week. The launch of the exchange and clearing house is also intended to strengthen monitoring of the booming sector amid a transition in regulatory oversight, according to the Commodity …
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