TOKYO (Reuters) – Japan’s tax revenue for the fiscal year that ended in March was estimated at 61.5 trillion yen ($441 billion) as of the end of April, the Ministry of Finance said on Thursday, suggesting the final figure may top the previous year’s record 67 trillion yen. The government, which had previously forecast tax …
Japan’s fiscal 2022 tax revenue set to hit record around $500 billion Read More »
(Corrects to fix syntax in paragraph 17) By Archishma Iyer (Reuters) – Bearish bets on the Chinese yuan and Malaysian ringgit strengthened sharply as a wobbly recovery in Asia’s largest economy pressured fundamentals in other currencies, a fortnightly Reuters poll found on Thursday. Short bets on the Chinese yuan firmed to their highest since October, …
Bearish bets on Asian FX pile, Chinese yuan shorts at seven-month high Read More »
By Ben Blanchard TAIPEI (Reuters) – Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels “perfectly safe” about relying so much on chip powerhouse Taiwan for manufacturing, its chief executive Jensen Huang said on Thursday. Some companies have expressed concerns about potential risks to business given heightened military threats …
Nvidia CEO feels safe relying on Taiwan for chips Read More »
By Kane Wu and Fanny Potkin HONG KONG/SINGAPORE (Reuters) – Southeast Asian e-commerce and gaming giant Sea Ltd is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in …
Exclusive-Southeast Asian tech giant Sea disbands investment arm -sources Read More »
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Shares in some Chinese temple operators and lottery sellers surged for a second day on Thursday amid a weak post-COVID recovery, as despondent young people rush to pray or gamble amid greater economic uncertainty. Data showed Chinese temple visits more than quadrupled this year compared with …
Surging temple and lottery stocks mirror China’s weak recovery Read More »
BUENOS AIRES (Reuters) – Chinese mining company Tibet Summit Resources will invest $1.7 billion to develop a pair of lithium projects in northwest Argentina, the South American country’s economy ministry announced on Wednesday. The projects, to be carried out in two promising salt flats in Salta province, are expected to produce between 50,000 and 100,000 …
Argentina says Chinese miner to invest $1.7 billion in lithium projects Read More »
By Makiko Yamazaki TOKYO (Reuters) – Japan’s Daiwa Securities Group Inc aims to boost annual revenue from the M&A advisory business by 50% in eight years by hiring more bankers and acquiring boutique firms to try to expand its presence in the United States. The second-largest Japanese brokerage and investment bank is targeting global M&A …
Japan’s Daiwa targets 50% jump in M&A advisory with US focus Read More »
By Arriana McLymore NEW YORK (Reuters) – Fast-fashion retailer Shein is boosting senior leaders and executives to roll out its U.S. marketplace and to meet regulatory compliance as it deepens its footprint in North America and looks to diversify away from China. The company is hiring a U.S. head of logistics, who will be a …
Shein plans to bolster compliance and logistics execs ahead of US marketplace Read More »
SYDNEY/HONG KONG (Reuters) – Prudential Plc said on Wednesday its chief financial officer, James Turner, would leave the company after a code of conduct investigation into a recent recruitment showed he had fallen short of its standards. Turner, who has been with the Asia-focused insurer for 12 years before resigning, will stay on for four …
Prudential says CFO leaves after conduct falls short of standards Read More »
(Reuters) – Indonesia and Malaysia will delay trade talks with the European Union (EU) while they seek fairer treatment for small palm oil producers, the Financial Times reported on Wednesday. Malaysia’s Deputy Prime Minister Fadillah Yusof said the EU’s recently adopted law banning the import of products that come from land cleared of forests was …
Indonesia, Malaysia freeze trade talks with EU over palm oil – FT Read More »
