HELSINKI (Reuters) – Japan’s Sega Sammy Holdings Inc has agreed to launch an offer for Finland’s Rovio Entertainment, the maker of the Angry Birds mobile game, for 706 million euros ($775.8 million), the companies said in a joint statement on Monday. Tokyo-based Sega will offer 9.25 euros per share for Rovio, a 19% premium over …
Sega offers $776 million for Angry Birds maker Rovio Read More »
By Leika Kihara WASHINGTON (Reuters) – Japan’s new central bank Governor Kazuo Ueda gave a clear message to policymakers gathered for global finance meetings here over the last week: The country will remain a dovish outlier by keeping interest rates ultra-low – at least for now. Since taking the helm a week ago, Ueda has …
Analysis-New BOJ head’s message to world: We’re staying the course – for now Read More »
BERLIN (Reuters) – Germany wants to help countries that are rich in critical minerals such as Chile, Indonesia and Namibia to build their own processing infrastructure to cut dependency on China, Chancellor Olaf Scholz said on Sunday. Berlin is trying to rebalance its relationship with China and reduce reliance on Asia’s powerhouse for key inputs, …
Germany to support critical minerals-rich countries build processing capacity Read More »
SHANGHAI (Reuters) – China’s electric vehicle (EV) maker Xpeng unveiled on Sunday a new platform it developed in-house for making vehicles, which it said will reduce the development and manufacturing costs for its company’s upcoming models. The Smart Electric Platform Architecture (SEPA) 2.0 will help Xpeng to reduce costs of powertrain systems including batteries by …
China’s Xpeng aims to cut costs with new vehicle manufacturing platform Read More »
TOKYO (Reuters) -Japan’s Panasonic Holdings, a battery supplier to electric vehicle maker Tesla Inc, said on Sunday that it is considering building a battery plant in Oklahoma, its third in the United States. “Panasonic has entered into an agreement with the State of Oklahoma that defines the eligibility and terms of the incentives under Oklahoma’s …
Panasonic says it may build EV battery plant in Oklahoma Read More »
By Ellen Zhang and David Kirton GUANGZHOU (Reuters) – Chinese exporters exhibiting their products at the country’s largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. The subdued mood at the Canton Fair in the southern city of Guangzhou suggests China’s …
At China’s largest trade fair, exporters worry about world economy Read More »
By Rozanna Latiff and Yantoultra Ngui KUALA LUMPUR/SINGAPORE (Reuters) – Malaysia plans to introduce a second 5G network from next year, four sources told Reuters, in the latest policy shake-up aimed at dismantling monopolies and promoting competition by Prime Minister Anwar Ibrahim’s six-month-old administration. Malaysia’s 5G roll-out by state agency Digital Nasional Berhad (DNB) has …
Exclusive-Malaysia plans to set up second 5G network from next year -sources Read More »
By Katya Golubkova SAPPORO, Japan (Reuters) – Britain wants to take part in developing Japan’s offshore wind power via options ranging from the participation of its energy companies to providing financing and insurance, Energy Security Secretary Grant Shapps told Reuters. The Group of Seven rich nations have agreed to speed up the development of renewable …
Britain eyes development roles in Japan offshore wind -official Read More »
BERLIN (Reuters) – Germany’s Interior Ministry is examining all Chinese components that are already installed in the country’s 5G network, Minister Nancy Faeser was quoted as saying on Sunday, as Berlin re-evaluates its relationship with top trade partner China. “We have to protect our communication networks,” Faeser told Bild am Sonntag newspaper, adding that the …
Germany examining Chinese components in its 5G network, interior minister says Read More »
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) -A committee of Sri Lanka’s international private creditors sent its first debt rework proposal to the country’s authorities regarding more than $12 billion in bonds outstanding, according to three sources with direct knowledge of the matter. It is the first bondholder proposal after the island nation …
Exclusive-Sri Lanka’s bondholders send debt rework proposal to government, sources say Read More »
