By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan is “eager” to put together M&A guidelines that are seen as rational by investors and can help spur acquisitions in the world’s third-largest economy, a senior government official told Reuters, even as the effort has got off to a rocky start. The Ministry of Economy …
Japan’s powerful METI ‘eager’ for guidelines that spur M&A, official says Read More »
By Jeslyn Lerh SINGAPORE (Reuters) -Shell Plc on Monday launched its first electric ferry globally at its Singapore refinery and said it would work with the city-state’s port authority to cut emissions from ships. The move is a step towards meeting the Singapore port authority’s rule that all new harbour craft operating in its waters …
Shell launches its first electric ferry at Singapore plant Read More »
By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead. More than a year-long sweeping streak of …
China’s economy gathers speed, global risks raise challenges to outlook Read More »
(Reuters) – China’s economy grew at a faster-than-expected clip in the first quarter, official data showed on Tuesday, expanding 4.5% year-on-year, as policymakers move to bolster growth following the end of strict COVID-19 curbs in December. Analysts polled by Reuters had expected gross domestic product (GDP) to expand 4.0% from a year earlier, quickening from …
Instant View: China’s economy grew 4.5% year-on-year in Q1, above expectations Read More »
(Reuters) – J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost growth. J.P.Morgan and Citi upgraded their annual economic growth forecast for the world’s second-largest economy by 40 basis points to 6.4% and 6.1% year-on-year, respectively. …
J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) – HSBC investors should vote against proposals calling for a strategic review and dividend policy revamp, shareholder adviser Glass Lewis has said, deepening divisions between factions of the bank’s ownership ahead of its annual meeting on May 5. Glass Lewis said the proposals, filed by individual shareholder …
HSBC investors should vote down break-up proposal, Glass Lewis says Read More »
By Kane Wu and Julie Zhu HONG KONG (Reuters) – State-owned China Mobile Ltd is exploring a buyout of Hong Kong’s leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at $1 billion. China Mobile in recent weeks sent a …
Exclusive-China Mobile explores acquiring Hong Kong telecom firm HKBN -sources Read More »
By Charlotte Greenfield (Reuters) – Afghanistan’s economy will contract, inflation will rise and liquidity will fall if there is a 30% drop in international aid as feared, according to an analysis by the United Nations’ development agency released on Tuesday. International officials say aid to Afghanistan, the recipient of the world’s largest humanitarian program, will …
UN predicts Afghan economy would contract if aid drops 30% Read More »
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank on Tuesday kept its benchmark interest rates unchanged for a third straight meeting, predicting headline inflation would be back within its target sooner and after the rupiah currency strengthened significantly. Southeast Asia’s biggest economy has been supported by a commodities-led export boom, though economists …
Indonesia central bank holds rates, sees inflation cooling sooner Read More »
BEIJING (Reuters) – China’s government land sales revenue fell at a slower pace in March, according to the Ministry of Finance on Tuesday, as a slew of stimulus policies lifted developers’ sentiment. Income from land sales, the biggest source of funds that local governments raise directly, fell 27% in the first three months of the …
China land sales revenue falls at slower pace in March Read More »
