By Rocky Swift TOKYO (Reuters) -Japan’s Nikkei share gauge closed at a record high on Tuesday, led by consumer stocks, after fiscal dove Sanae Takaichi clinched a parliamentary vote to become the nation’s first woman prime minister. Earlier in the day, the share gauge rose as much as 1.55%, but gave up most of its …
Nikkei extends record rally as Japan makes history with first female PM Read More »
By Yuka Obayashi and Katya Golubkova TOKYO (Reuters) -Japan’s budding power futures market could be set for a growth spurt as a government proposal requiring retailers to secure electricity supply as much as three years in advance is likely to spur hedging activity to protect against price fluctuation. Beginning as soon as for fiscal 2030, …
Analysis-Japan power futures poised for expansion as new rules spur hedging Read More »
BEIJING/SINGAPORE (Reuters) -Chinese doctor Lisa Zhu took full advantage of consumer goods subsidies this year, buying three air conditioners and a washing machine – the big-ticket spending policymakers want to see from households as they target roughly 5% economic growth. But there is a catch. “I no longer need to purchase any home appliances,” said …
Analysis-China’s consumer subsidy scheme needs a rethink Read More »
By Leika Kihara TOKYO (Reuters) -Global regulators must adapt to new realities in the financial system, such as an increasing ratio of assets held by non-bank financial institutions and the emergence of stablecoins, Bank of Japan Deputy Governor Ryozo Himino said on Tuesday. The G20 major economies repeatedly affirmed their commitment to implement the Basel …
BOJ’s Himino urges regulators to adapt to new financial realities Read More »
HANOI (Reuters) -Shares in Techcom Securities, the brokerage arm of Techcombank, surged in their trading debut on Tuesday following the company’s $410 million initial public offering, Vietnam’s largest in years. The price had risen 5% to 49,100 dong as of 03:44 GMT, with more than 8.9 million shares changing hands, according to bourse data, giving …
Vietnam’s Techcom Securities rises sharply during first day of trading Read More »
By Heekyong Yang and Heejin Kim SEOUL (Reuters) -A South Korean court on Tuesday cleared Kakao Corp’s billionaire founder Kim Beom-su of stock manipulation charges, sending shares of the country’s dominant chat app operator 5% higher. The tech tycoon was arrested in July last year on charges of being involved in manipulation of the stock …
South Korean court clears Kakao founder of stock manipulation charges Read More »
By Yuka Obayashi TOKYO (Reuters) -Japan’s Trade Minister Yoji Muto said on Tuesday that the country will act appropriately based on its national interest, while maintaining close coordination with the international community, when asked about Russian energy imports. Last week, U.S. Treasury Secretary Scott Bessent said he told Japanese Finance Minister Katsunobu Kato that the …
Japan to act in national interest on Russian energy, says industry minister Read More »
(Reuters) -Global investment firm KKR and Portuguese private equity firm Quadrantis Capital will acquire a minority stake in Fosun International majority-owned Peak Reinsurance Company, the parties said on Tuesday. KKR will acquire approximately 11.3% of Peak Reinsurance from Prudential Financial, while Quadrantis will take a 1.8% stake. Fosun International, a Hong Kong-listed Chinese conglomerate, will …
KKR, Portugal’s Quadrantis to buy minority stake in Fosun-owned Peak Reinsurance Read More »
(Corrects spelling of Nomura economist’s name to Hannah, from Hanna, in paragraph 4) BEIJING (Reuters) -China’s new home prices fell at the fastest pace in 11 months in September, worsening the property sector’s drag on broader economic growth as policymakers struggle to revive the flailing market. Persistent property market weakness is weighing on consumer confidence …
China’s new home prices fall at fastest pace in 11 months Read More »
(Reuters) -Hong Kong’s First Pacific said on Tuesday that its Philippine affiliate Maynilad Water Services would raise up to 34.33 billion pesos ($590.58 million) in an initial public offering, making it the country’s biggest listing in four years. Shares of the largest private water concessionaire in the Philippines have been priced at 15 pesos per …
Philippines’ Maynilad Water seeks to raise up to $591 million in IPO Read More »
