Reuters Asia Business

By Yantoultra Ngui SINGAPORE (Reuters) – Lemon Sky Studios, the Malaysian art and animation company involved in videogames such as Square Enix’s “Final Fantasy XVI” and Marvel’s Spider-Man game titles, is planning to list on the local stock exchange as early as 2023-end or 2024, two sources said. Reuters could not immediately ascertain the potential …

Malaysian art studio behind The Last of Us, Spider-Man games plans IPO – sources Read More »

By Katherine Masters NEW YORK (Reuters) – A bipartisan group of U.S. lawmakers asked the Milwaukee Tool unit of Hong Kong-based Techtronic Industries to examine whether its products had links to forced labor, citing a recent media report that some were made by Chinese prisoners. In a letter sent Tuesday and signed by Republican Representative …

US lawmakers question Techtronic’s Milwaukee Tool on alleged links to forced labor Read More »

By Echo Wang NEW YORK (Reuters) -ByteDance, the Chinese owner of short video app TikTok, will allow shares owned by U.S. employees to vest without waiting for the company to list in the stock market, thereby allowing them to cash out, according to people familiar with the matter. The move is aimed at appeasing restless …

Exclusive-TikTok parent ByteDance to allow US staff to cash out on shares-sources Read More »

LIMASSOL, Cyprus (Reuters) – Asian casino operator Melco Resorts & Entertainment has launched an entertainment and gaming complex in Cyprus, marking its first foray into Europe as it seeks to tap new markets. The “City of Dreams Mediterranean” had total investment of more than 600 million euros ($659.46 million) making it one of the largest …

Casino operator Melco eyes new markets with Cyprus resort launch Read More »

By Hannah Lang (Reuters) – May the best exchange win? Crypto platforms are vying for dominance in the United States, the world’s biggest market, following a regulatory crackdown that’s shaken the sector. Coinbase and Binance.US, two of the largest crypto exchanges by market share among those operating in America, have lost ground this year. The …

Cryptoverse: Hungry exchanges fight for slice of American pie Read More »

By Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund unit in China and decided to maintain ownership in a mega fund joint venture from its Credit Suisse takeover, two people with direct knowledge of the matter said. UBS has decided to indefinitely suspend works …

UBS shelves plan for new China fund unit, takes over Credit Suisse joint venture – sources Read More »

By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore investment firm Temasek Holdings on Tuesday posted a 5.2% drop in its net portfolio value to S$382 billion ($284.65 billion) in the financial year that ended in March. The drop in net portfolio value is its first since the 2019 financial year and came amid …

Singapore’s Temasek reports portfolio value drop, positive on China tech Read More »

HONG KONG (Reuters) – Hong Kong leader John Lee on Tuesday said the city will ban seafood products from a large number of Japanese prefectures if Tokyo goes ahead with a plan to discharge treated radioactive water from the crippled Fukushima plant into the ocean. Hong Kong is Japan’s second-largest market for agricultural and fisheries …

Hong Kong plans widespread ban of Japanese sea products Read More »