By Makiko Yamazaki, Mariko Katsumura and Ritsuko Shimizu TOKYO (Reuters) – The Japanese construction company targeted for takeover by the family office linked to Nintendo Co’s founder is pushing back against the fund and has asked the government to investigate alleged breaches of foreign ownership rules. Toyo Construction Co, the marine construction company now 27% …
By Scott Murdoch and Yantoultra Ngui SINGAPORE (Reuters) -The upstream arm of Indonesia’s state energy company Pertamina, Pertamina Hulu Energi, kicked off an investor education roadshow on Tuesday for Southeast Asia’s potentially biggest initial public offering (IPO) so far this year, according to a term sheet seen by Reuters. Pertamina Hulu declined to comment. The …
Indonesia’s Pertamina Hulu Energi kicks off roadshow ahead of IPO -term sheet Read More »
By Eric Onstad LONDON (Reuters) – London-based commodities broker Sucden Financial has received approval to trade directly on three Chinese financial exchanges, making arbitrage activity easier, it said on Tuesday. China has been gradually opening up its financial exchanges to direct access by foreigners. Last September two key commodity exchanges announced a wider range of …
Commodity broker Sucden gets okay to trade on three Chinese exchanges Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose more than $3 on Monday as a halt to some exports from Iraq’s Kurdistan region added to worries about oil supplies while a U.S. banking acquisition eased worries that financial turmoil could hurt the economy and curtail fuel demand. Brent crude futures settled up $3.13, or 4.2%, …
Oil rises over $3 on Kurdistan export halt, banking optimism Read More »
By Rod Nickel WINNIPEG, Manitoba (Reuters) -Japan has removed restrictions on Canadian processed beef imports that date back 20 years, allowing for expanded trade, Canada’s agriculture ministry said on Monday. Japan, like many other nations, restricted imports of Canadian beef after the 2003 discovery in the province of Alberta of a case of bovine spongiform …
Japan lifts 20-year-old restrictions on Canadian processed beef -Canada farm ministry Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a five-day high against the Japanese yen on Monday as authorities’ efforts to rein in worries over the global banking system helped soothe investor nerves. The U.S. currency, however, clung to a narrow range against most major currencies as investors appeared hesitant to place …
Dollar advances against Japanese yen as banking fears ease Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms. Instead, it brought months of uncertainty and a solitary, scaled-back offer from the company’s business partners in Japan. The $15 billion bid, led by domestic buyout firm Japan Industrial …
Analysis-The $15 billion scramble for Japan’s Toshiba went from bang to whimper Read More »
(Reuters) – Chinese tech firm Bestpath said on Monday it had agreed to go public in the United States through a merger with a blank-check vehicle in a deal with an equity value of about $1.2 billion. Founded in 2019, Bestpath is a hydrogen fuel cell powered vehicle company and has a Shanghai-based R&D facility …
China’s Bestpath to go public in US via $1.2 billion SPAC deal Read More »
(Adds names of medicines in short supply, paragraph 11) By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -Pakistan on Monday deferred a decision on a request by pharmaceutical firms to raise the prices of more than 100 medicines, prolonging a stand-off with an industry struggling to stem losses from soaring inflation and a weakened …
Pakistan defers decision on drug price rise as pharma firms struggle Read More »
By Julie Zhu, Kane Wu and Kevin Huang HONG KONG/BEIJING (Reuters) – Alibaba founder Jack Ma has returned to China, ending a stay overseas of more than a year that industry viewed as reflecting the sober mood of its private businesses, and which sources said eventually spurred the new premier to reach out. The return …
Jack Ma returns to China as govt tries to allay private sector fears Read More »
