By Sakura Murakami and Simon Lewis TOKYO/WASHINGTON (Reuters) – A Japanese construction firm was granted an exemption by the U.S. government to make payments to a Myanmar military-owned company despite sanctions aimed at cutting off the Myanmar junta that seized power in a coup from sources of revenue, a Japanese official said on Friday. The …
By Chris Thomas, Sriram Mani and Aditya Kalra MUMBAI (Reuters) -Shares of India’s Adani Enterprises plunged on Friday after a scathing report by a U.S. short seller triggered a selloff in the conglomerate’s listed firms, casting doubts on the success of the company’s record $2.45 billion secondary share sale. Seven listed companies of the Adani …
India’s Adani slammed by $48 billion stock rout, putting share sale at risk Read More »
By Satoshi Sugiyama and Tim Kelly TOKYO (Reuters) -Toyota Motor Corp chief Akio Toyoda is set to remain a dominant force inside the world’s largest automaker for years to come, and will continue to influence the agenda after stepping down in April, experts and people familiar with the firm said. The 66-year-old Toyoda on Thursday …
Akio Toyoda set to remain a force at Toyota, even as he steps aside Read More »
By Hyunsu Yim SEOUL (Reuters) – POSCO Holdings, parent of South Korea’s biggest steelmaker POSCO, on Friday reported a 46.7% drop in operating profit for 2022 due to a four-month suspension of its major steel plant in the country following a typhoon and flooding in September. The company reported an operating profit of 4.9 trillion …
POSCO expects slow market recovery in 2023 after big drop in annual profit Read More »
TOKYO (Reuters) -Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV from selling machines to China used to make certain types of advanced …
Japan, Netherlands to join U.S. in restricting chip equipment exports to China-Bloomberg Read More »
By Jayshree P Upadhyay (Reuters) – India’s market regulator has increased scrutiny of deals by the Adani Group over the past year and will study a report issued by short-seller Hindenburg Research to add to its own ongoing preliminary investigation into the group’s foreign portfolio investors, according to two sources aware of the matter. On …
India market regulator increases scrutiny of Adani group – sources Read More »
PARIS (Reuters) -LVMH shares, which hit a record high earlier this month, fell on Friday as some analysts aired disappointment at the company’s margins, taking some of the shine off a fourth-quarter sales rise. The French luxury goods group reported late on Thursday that its sales rose 9% in the fourth quarter as shoppers in …
LVMH shares lose recent lustre as China takes margin toll Read More »
STOCKHOLM (Reuters) -Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in the period, the world’s second-biggest fashion retailer’s fiscal fourth quarter, …
Fashion retailer H&M’s profit tumbles as costs bite Read More »
By Sam Nussey and Kantaro Komiya TOKYO (Reuters) -When the head of Toyota announced on Thursday he would step down as CEO, Akio Toyoda opted for the news outlet he sees as the fairest source of information on the automaker’s environmental record: his own. For the last three years, the 66-year-old has built up the …
Toyota boss bows out on news outlet he trusts – his own Read More »
By Rama Venkat BENGALURU (Reuters) -Indian shares fell more than 1% to an over three-month low on Friday as some Adani Group companies plunged 20% and hit their lower circuits in the wake of a short-seller attack on the conglomerate, which also dragged down financials. The Nifty 50 index was down 1.68% at 17,591.25 as …
Indian shares sink; Adani Group stocks plunge to lower circuit Read More »
