By Joyce Lee and Brenda Goh SEOUL/SHANGHAI (Reuters) -U.S.-based Micron Technology Inc on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sale of its memory chips to key domestic industries marked the latest in the Sino-American trade dispute. China’s cyberspace regulator said late on …
Micron expects revenue impact following China ban Read More »
SEOUL (Reuters) – Consumer sentiment in South Korea improved in May to the highest level in a year, with their inflation expectations weakening, a central bank survey showed on Tuesday. The Consumer Sentiment Index rose to 98.0 in May from 95.1 in April, according to the Bank of Korea’s monthly survey of consumers. The index …
South Korea consumer sentiment hits 1-year high, inflation expectations weaken Read More »
By Li Gu and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Chinese companies’ plans to raise capital via listings in London or Zurich are in jeopardy after Beijing mandated new disclosure rules, put curbs on the use of the funds and made issuances liable to national security reviews, bankers and lawyers said. A total of 18 Chinese …
New rules to dampen Chinese interest to list in Europe, say bankers Read More »
SAO PAULO (Reuters) – Japanese drugmaker Daiichi Sankyo said on Monday it will invest around 400 million reais ($80 million) to expand its Brazilian operations, part of a plan to boost its healthcare unit including launching new products in the coming years. The company, which markets several types of medicines including Hirudoid cream, said in …
Japan’s Daiichi Sankyo invests $80 million to expand Brazilian plant Read More »
(Reuters) -Mizuho Financial Group Inc will buy U.S. M&A advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday, as Japan’s No. 3 lender eyes a bigger share of the world’s largest investment-banking fee pool. The $15-per-share offer represents a premium of 121% to Greenhill’s last closing price. Its …
Japan’s Mizuho expands in U.S. banking with $550 million Greenhill deal Read More »
TOKYO (Reuters) – Japan’s JFE Steel said on Monday it will go ahead with a 46 billion yen ($341 million) plan to triple production capacity of electrical steel sheet at its Kurashiki plant in western Japan to meet growing demand for electric vehicles (EVs). The move comes after its bigger rival Nippon Steel Corp said …
Japan’s JFE Steel to spend $340 million to expand electrical steel sheet capacity Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Malaysian tycoon Syed Mokhtar Al-Bukhary is looking at bringing in an investor into MMC Port Holdings – a deal that could value the country’s biggest port operator at more than 12 billion ringgit ($2.7 billion), two people with knowledge of the matter said. His conglomerate MMC Corp may sell …
Exclusive-Malaysian tycoon weighs selling a stake in $2.7 billion port business -sources Read More »
By Ruma Paul DHAKA (Reuters) – Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters reviewed by Reuters show, with the state petroleum company owing more than $300 million as it faces an “alarming decrease in fuel reserves”. All import and marketing of fuel in the country of nearly 170 …
Bangladesh struggles to pay for fuel imports as dollar crisis worsens -letters Read More »
By Liang-sa Loh and Faith Hung TAIPEI (Reuters) – Taiwan’s export orders slipped for an eighth month in April and missed forecasts, pulled down by soft demand for technology products and slowing global growth, with the outlook remaining dim. The island’s export orders, a bellwether for worldwide technology demand, fell 18.1% from a year ago …
Taiwan April export orders miss forecast, outlook cautious Read More »
BEIJING (Reuters) -China’s cyberspace regulator said on Sunday that products made by U.S. memory chipmaker Micron Technology Inc had failed its network security review and it would bar operators of key infrastructure from buying from the company. The decision, announced amid a dispute over chip technology between Washington and Beijing, could include sectors ranging from …
China fails Micron’s products in security review, bars some purchases Read More »
