HONG KONG (Reuters) – Hong Kong plans to “fine-tune” the maximum size of mortgages available to first-time homebuyers, Financial Secretary Paul Chan said in a radio interview on Sunday. Chan told Commercial Radio Hong Kong that residents want to upgrade homes after starting families so the government is discussing with the de facto central bank …
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TOKYO (Reuters) – Japan’s military is testing Elon Musk’s Starlink satellite internet service with an eye to adopting the technology next fiscal year, the Yomiuri newspaper reported on Sunday, citing unnamed government sources. The Ministry of Defense already has access to communication satellites in geostationary orbit, but use of Starlink technology, operated by Musk’s SpaceX, …
Japan’s military considers adopting Musk’s Starlink satellite service -media Read More »
SEOUL (Reuters) – South Korea’s government on Sunday said Hyundai Engineering & Construction has signed a contract worth $5 billion with Saudi Arabian state oil producer Aramco to build a petrochemicals complex in the Middle Eastern nation. Land minister Won Hee-ryong, who attended a signing ceremony in Saudi Arabia, said the deal would expand energy …
South Korea trumpets Hyundai E&C $5 billion contract with Aramco Read More »
(Reuters) – Heavily armed Russian mercenaries who advanced most of the way to Moscow began turning back on Saturday, de-escalating a major challenge to President Vladimir Putin’s grip on power, in a move their leader said would avoid bloodshed. Here are reactions from investors and analysts: QUINCY KROSBY, CHIEF GLOBAL STRATEGIST AT LPL FINANCIAL: “Markets …
Russia turmoil to fuel market volatility, flight to safety Read More »
HONG KONG (Reuters) – Eleven people were injured on Cathay Pacific’s flight CX880 at Hong Kong’s international airport early on Saturday after the carrier aborted takeoff due to a technical issue, Cathay said in a statement. The flight from Hong Kong to Los Angeles was carrying 17 crew and 293 passengers. It performed “an aborted …
Cathay Pacific flight incident injures 11 in Hong Kong Read More »
By Daniel Leussink, Norihiko Shirouzu and Maki Shiraki TOKYO (Reuters) – Nissan has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried out surveillance of his deputy Ashwani Gupta, four people with direct knowledge of the matter said. The surveillance claims, first reported by the Financial Times, were made …
Exclusive-Nissan investigates claims CEO put deputy under surveillance Read More »
HANOI (Reuters) – Vietnamese lawmakers on Saturday approved a government plan to extend a reduction in value added tax (VAT) on goods and services until the end of this year to boost domestic consumption and production, as its export-driven economy faces headwinds from slowing global demand. The VAT cut to 8% from 10%, which has …
Vietnam to extend VAT cut until year-end to prop up slowing economy Read More »
By Satoshi Sugiyama and Makiko Yamazaki TOKYO (Reuters) -Japanese online financial conglomerate SBI Holdings Inc said on Saturday it has raised its stake in SBI Shinsei Bank to 53.74% by just 3.7 points through a tender offer as a step toward taking the midsize lender private. The completion of the tender offer on Friday helps …
Japan’s SBI Holdings raises stake in Shinsei Bank after tender offer Read More »
(Reuters) -Japanese semiconductor-equipment maker JSR Corp said on Saturday it is considering a deal for it to be bought by state-backed Japan Investment Corp (JIC), a move that would have major implications for Japan’s semiconductor strategy. JSR said nothing was decided but that its board would discuss the matter on Monday, after the Nikkei business …
Japan’s JSR says it is considering being bought by state-backed JIC Read More »
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina reached a $3.1 billion financing deal with a number of export credit agencies and commercial banks to fund the upgrade of its Balikpapan refinery, the company said on Saturday. The lenders include export credit agencies from South Korea, Italy and the United States, and 22 commercial banks, …
Indonesia’s Pertamina reaches $3.1 billion financing deal for Balikpapan Read More »
