By Makiko Yamazaki TOKYO (Reuters) -Japan’s top three banks said on Monday they expect solid lending income at home and aboard to boost net profits this business year, with biggest lender Mitsubishi UFJ Financial Group Inc (MUFG) forecasting a record annual profit. MUFG forecast a 16% increase in net profit to 1.3 trillion yen ($9.63 …
Japan’s top banks expect solid profits, MUFG sees record year Read More »
SHANGHAI (Reuters) – China’s securities regulator and central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity. The 2023 budget report for the China Securities Regulatory Commission (CSRC) was released on Friday, while the People’s Bank of China (PBOC) budget report …
China’s securities regulator, central bank cut staff pay budgets Read More »
By Miho Uranaka TOKYO (Reuters) -Japan’s Rakuten Group Inc is finalising plans to raise about $2.2 billion by issuing new shares, according to two people, in the e-commerce company’s latest move to shore up its finances after years of losses from its mobile business. Rakuten’s board could meet as early as this week to decide …
Exclusive-Japan’s Rakuten plans new share issue to raise around $2.2 billion -sources Read More »
(Reuters) – A former head of engineering at Bytedance in the United States has said the company discharged him after he voiced concern to management that it was taking user content from other platforms, mainly Instagram and Snapchat. The dispute comes at a time when ByteDance-owned app TikTok faces growing calls for a nationwide ban …
Former ByteDance executive says he was dismissed for flagging illegal activity Read More »
CEBU, Philippines (Reuters) – It’s too early for Indonesia’s central bank to consider cutting interest rates, a member of the bank’s board of governors said on Monday, even as the country’s inflation eases but concerns over slowing growth mount as exports slow. Bank Indonesia (BI) has kept policy rates unchanged since its last rate hike …
Bank Indonesia says too early to discuss rate cuts Read More »
MANILA (Reuters) – Philippine President Ferdinand Marcos Jr. on Monday signed an agreement extending the production contract for the country’s Malampaya natural gas block by 15 years and allowing the operator to drill new wells as it seeks to boost output. The Malampaya gas field off Palawan province, in an area of the South China …
Philippines’ Marcos signs 15-year Malampaya gas contract renewal Read More »
By Leika Kihara and Kentaro Sugiyama TOKYO (Reuters) -A meeting of the government’s top economic council on Monday focused on whether recent rises in inflation and wage growth suggest Japan was approaching a sustained exit from deflation. With inflation accelerating globally and wage growth picking up in Japan, discussions also touched on the desirable timing …
Japan’s govt, central bank debate whether sustained exit from deflation is near Read More »
By Jeslyn Lerh SINGAPORE (Reuters) – Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world’s biggest refuelling hub Singapore in April, the latest official data showed, as prices were more competitive than regional ports. Singapore’s bunker sales data are an indicator of sentiment at one of the world’s most …
Singapore April bunker sales hit three-month high on better prices Read More »
By Engen Tham and James Pomfret SHANGHAI/HONG KONG (Reuters) – China’s clampdown on its consultancy and due diligence sector has driven companies to review their operations after some tested the limits of the laws and Beijing’s patience to meet surging demand as China emerged from its COVID-lockdowns. These consultancies thrived by providing investors – from …
Analysis-Consultancy firms in China tested limits before Beijing’s crackdown Read More »
By Leika Kihara TOKYO (Reuters) – The new governor of the Bank of Japan received a lukewarm response from the government on Monday to his plan to conduct a review of past monetary easing steps, as it remains cautious of declaring victory in a decades-long battle to end deflation. Governor Kazuo Ueda took up his …
Japan govt gives lukewarm response to new BOJ chief’s plan for policy review Read More »
