By Jason Xue and Tom Westbrook (Reuters) – China’s disappointing first half has the economy ripe for some help, and investors are preparing to ride an expected short-term wave of stimulus, even if structural problems look to hold back a sustainable rally. The latest data this week showed an economy struggling for momentum in the …
Analysis-China’s bad first half gets investors hopeful and interested Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Tsuruha Holdings’ board has industry insiders with knowledge and networks which it needs to lead a successful M&A strategy, the president of the Japanese drugstore chain said, spurning an activist shareholder’s call for a board overhaul. Tsuruha faces a proxy battle with Hong Kong’s Oasis Management …
Japan drugstore Tsuruha, facing activist pressure, says its board needs insiders Read More »
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economic recovery is intact and gradual policy tightening will help underpin growth and keep inflation in check, the central bank chief said on Wednesday. The Bank of Thailand has raised its main interest rate six times since August to 2% to tame inflation and has pledged …
Thai recovery intact, policy tightening will be gradual – cenbank chief Read More »
By Hadeel Al Sayegh DUBAI (Reuters) – A consortium of Singapore’s SC Capital Partners, a subsidiary of the Abu Dhabi Investment Authority (ADIA) and Goldman Sachs Asset Management has acquired 27 hotels in Japan for about $900 million, it said in a statement on Wednesday. They said they acquired the properties from Daiwa House Industry, …
SC Capital Partners consortium buys Japan hotel portfolio Read More »
BEIJING (Reuters) – The U.S. government’s moves to restrict trade threatens globalisation in the semiconductor sector and consumer interests, the China Semiconductor Industry Association said on Wednesday. “Any damage to the current global supply chain, which developed over the past decades alongside the process of globalisation, could create inevitable and irreparable harm to the global …
US moves to restrict trade threatens chip industry: China industry association Read More »
(Corrects investment figures in headline and paragraph 1 to $11.4 billion, not $31.7 billion) By Khanh Vu HANOI (Reuters) – Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to 270 trillion dong ($11.4 billion). The investment would raise the country’s crude oil and refined fuel …
Vietnam approves $11.4 billion plan to expand fuel storage capacity by 2030 Read More »
BRUSSELS (Reuters) – Chinese-owned social media platform TikTok has voluntarily agreed to a “stress test” to prepare for the European Union’s Digital Services Act (DSA), EU industry chief Thierry Breton said on Tuesday. Under the EU’s Digital Services Act (DSA), Alphabet unit Google, Meta and other large online platforms will risk hefty fines if they …
TikTok to perform ‘stress test’ ahead of EU Digital Services Act Read More »
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada sees a path forward in reaching international consensus on digital services taxes, and a decision to not back a global agreement on freezing the implementation of domestic taxes was taken in the national interest, Finance Minister Chrystia Freeland said on Tuesday. Last week, most countries …
Canada sees path forward on global digital services tax deal Read More »
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan must continue its monetary tightening cycle, the International Monetary Fund (IMF) said in a staff report on Tuesday, a week after the lender approved a new bailout arrangement and less than two weeks before the country’s central bank holds its next policy meeting. “The recent policy rate …
IMF urges Pakistan to continue monetary policy tightening cycle Read More »
By Andrew Mills and Sakura Murakami DOHA (Reuters) -Japanese Prime Minister Fumio Kishida agreed to strengthen energy ties and economic cooperation with major gas producer Qatar on Tuesday, the final leg of a Gulf tour that has focused on securing energy supplies and promoting Japanese high tech. Kishida, who has been urged by Japan’s gas …
Japan, Qatar upgrade energy ties during LNG talks Read More »
