DUBAI (Reuters) – The United Arab Emirates (UAE) and Cambodia have agreed on the terms of a bilateral trade deal, as the Gulf state looks to strengthen trade and commerce ties, particularly in Asia, in strategic economic sectors. The two countries concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), as the trade agreement is …
UAE and Cambodia agree terms for bilateral trade deal Read More »
By Scott Murdoch and Donny Kwok (Reuters) -Chinese spirit maker ZJLD Group’s shares ended down 18% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could spark a rush of listings in the second half. The KKR-backed company raised …
Chinese spirit maker ZJLD drops 18% in Hong Kong debut, dimming IPO outlook Read More »
By Chen Lin and Xinghui Kok SINGAPORE (Reuters) – Vera Liu, a Singapore property agent, was panicking in the wee hours of Thursday morning after new property taxes saw two of her deals fall through. Singapore raised levies on private property purchases in a surprise move late on Wednesday night to cool the market, including …
Singapore’s surprise property tax hike a ‘freezing measure’ for foreigners Read More »
TOKYO (Reuters) -Japan’s largest airline ANA Holdings Inc on Thursday reported an annual profit for the first time in three fiscal years, buoyed by recovering travel demand at home and abroad after pandemic restrictions were lifted. The company said it operating profit was expected to improve further this year. Domestic demand is forecast to recover …
Japan’s ANA swings to annual profit as travel demand returns Read More »
By Siyi Liu and Naveen Thukral YANTAI, China/SINGAPORE (Reuters) – Chinese copper product makers are cutting their output for the second quarter, typically the peak demand season, because of a slower-than-expected recovery in domestic consumption after COVID-19 and sluggish exports. A slump in demand for the red metal, nicknamed Doctor Copper for the correlation between …
Doctor Copper calls in sick in China as metal makers cut production Read More »
By Richa Naidu LONDON (Reuters) – Nestle is piloting using Airbus satellites to monitor reforestation, amid global concerns about whether consumer goods companies are doing enough to reduce their carbon footprints. Airbus’ Pléiades Neo satellites will provide high-resolution images in the Ranong and Chumphon provinces of southern Thailand that will help to ensure trees Nestle …
Nestle uses Airbus satellites to monitor reforestation in Thailand Read More »
By Byron Kaye and Mariko Katsumura SYDNEY/TOKYO (Reuters) -Japanese drinks giant Kirin Holdings Co Ltd has agreed a $1.2 billion buyout of Australian vitamin maker Blackmores Ltd, furthering a diversification push while offering the struggling target’s shareholders a neat exit. The deal makes good on a plan by Kirin to broaden its business beyond alcoholic …
Japan’s Kirin agrees $1.2 billion for Australia’s Blackmores in diversification push Read More »
By Katie Paul and Akash Sriram (Reuters) -Meta Platforms Inc CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares surged 12% in after hours trading, adding over $50 billion …
Facebook owner Meta touts AI might as digital ads boost outlook; shares jump Read More »
By Makiko Yamazaki and Mariko Katsumura TOKYO (Reuters) -Japan’s Nomura Holdings Inc saw about $850 million wiped off its market value on Thursday as its latest earnings slump showed it remains a long way off CEO Kentaro Okuda’s goal of finally making the bank a global force in investment banking. Shares in Japan’s biggest investment …
Nomura’s quest for global growth hits buffers again Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Wednesday that Chinese cloud computing companies like Huawei Cloud and Alibaba Cloud could pose a threat to U.S. security and vowed to review a request to add them to an export control list. A group of nine Republican senators on Tuesday urged …
US official says Chinese cloud companies like Huawei could pose threat Read More »
