By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s Sumitomo Mitsui Financial Group Inc (SMFG) plans to extend its alliance with Jefferies Financial Group Inc to Europe and Asia in a drive to beef up its global investment banking business, its chief executive said. “There is no reason to limit our partnership to the …
Japan’s SMFG to extend Jefferies alliance beyond U.S., CEO says Read More »
(Reuters) – Toyota Motor Corp on Wednesday posted a 9.6% fall in its 2022 U.S. new vehicle sales as a shortage of semiconductor chips and rising costs hampered the Japanese automaker’s production earlier in the year. The company said it sold 2,108,458 vehicles in 2022, down from 2,332,262 vehicles in 2021. Toyota, which dethroned General …
Toyota’s 2022 U.S. auto sales down 9.6% on part shortages Read More »
SHANGHAI (Reuters) – People’s Bank of China (PBOC) said on Wednesday that a high amount of foreign currency it has bought recently was a result of commercial banks converting their foreign exchange holdings with the central bank into yuan reserves. China’s central bank bought a net 63.6 billion yuan ($9.24 billion) worth of foreign exchange …
BEIJING (Reuters) -China’s central bank said on Wednesday it will use various policy tools to keep liquidity reasonably ample in 2023 to support the economy, while fending off financial risks. The People’s Bank of China will step up financing support to spur domestic consumption and key investment projects and support a stable real estate market, …
China central bank says it will keep liquidity reasonably ample in 2023 Read More »
HONG KONG (Reuters) – Embattled Sunac China’s proposal to extend its 16 billion yuan ($2.32 billion) onshore bond have been approved by investors, a source with direct knowledge said on Wednesday. The bonds, including corporate bonds as well as asset-backed securities, will be extended for an average of 3.5 years. Sunac declined to comment. ($1 …
Sunac China $2.3 billion onshore bond extension approved by investors – source Read More »
By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida urged companies on Wednesday to achieve wage hikes that exceed the rate of inflation as part of the country’s efforts to put the economy on a sustained recovery path. Central bank governor Haruhiko Kuroda also piled pressure on companies to hike salaries, …
Japan’s Kishida, central bank governor pressure firms for higher pay Read More »
HONG KONG (Reuters) – Hong Kong’s November retail sales fell 4.2% from a year earlier, snapping two straight months of growth with tightened financial conditions weighing on local demand, government data showed on Wednesday. Sales dropped to HK$29.5 billion ($3.77 billion). That compared with a revised 4% growth in October. In volume terms, retail sales …
Hong Kong retail sales fall 4.2% in November, snapping two months of growth Read More »
(This Jan. 2 story has been refiled to correct Melco’s name and stock symbol in the second paragraph) By Farah Master HONG KONG (Reuters) – As casinos in Macau begin new licenses to operate in the world’s biggest gambling hub on Jan. 1, the stakes are high on whether they will be able to successfully …
Macau casinos deal themselves a tough hand with big non-gaming investment pledges Read More »
TAIPEI (Reuters) – Taiwan plans to give cash payouts of nearly $200 to every citizen this year, Premier Su Tseng-chang announced on Wednesday, saying the island’s economic growth will be shared by everyone. The export-reliant economy, a global tech powerhouse for products including semiconductor chips, grew 6.45% in 2021, the fastest rate since it expanded …
Taiwan to give cash payouts to citizens in ‘New Year blessing’ Read More »
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida on Wednesday urged companies to increase wages faster than the rate of inflation. “In the past 30 years, wages did not rise much despite robust corporate profits. Corporate wealth did not trickle down (to households),” Kishida said in a news conference. “I would like to create an …
Japan’s Kishida urges companies to give wage hikes that exceed inflation Read More »
