Reuters Asia Business

TOKYO (Reuters) – Japan Industrial Partners (JIP), the preferred bidder to buy out Toshiba Corp, is set to sign a loan agreement of about 1.4 trillion yen ($10.6 billion) with lenders this week, the Yomiuri newspaper reported on Thursday. Toshiba’s shares surged on the report and were up 5% in mid-afternoon trade. The loans include …

Toshiba’s preferred bidder to seal $10.6 billion loan deal this week -Yomiuri Read More »

By Yuka Obayashi TOKYO (Reuters) -Japan’s Nippon Steel Corp plans to start making low-carbon raw materials, such as “reduced iron” produced using hydrogen, to meet growing demand for so-called green steel, it said on Thursday. Steel production accounts for about 7% to 9% of global carbon dioxide (CO2) emissions, so efforts to reduce them is …

Nippon Steel to start making low-carbon ingredients for green steel Read More »

TOKYO (Reuters) – Japan Organization for Metals and Energy Security (JOGMEC) has renewed a deal with Saudi Aramco for crude oil storage on the island of Okinawa for another three years, the state-run Japanese company said on Thursday. Under the agreement, JOGMEC leases 13 national crude oil stockpiling tanks on the island southwest of mainland …

Japan, Saudi Aramco extend Okinawa crude storage deal Read More »

By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Japan’s stock market is drawing renewed interest from overseas investors, as global inflation bolsters the case for value investing while Japan’s shares remain undervalued despite record profits, Daiwa Securities Group Inc’s CEO told Reuters. “Japan is one of the most prominent markets for value stocks,” Chief …

Japan shares to benefit in value investing revival, Daiwa CEO says Read More »

By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its key policy rate on Thursday, its fifth rate hike since August and widely expected by markets, as it aims to bring inflation back within target next year. Bank Indonesia (BI) hiked the benchmark 7-day reverse repurchase rate by 25 basis points (bps) …

Indonesia central bank raises rates by 25 bps, as expected Read More »

PARIS (Reuters) – French carmaker Renault has issued a 210 billion yen ($1.6 billion) bond that will mature in December 2026 and carry a coupon of 2.80%, it said on Thursday, adding this highlighted its appeal to Japanese investors. “The final orderbook amounted to close to 300 billion yen, underlying the high confidence of Japanese …

Carmaker Renault issues 210 billion yen bond Read More »

SEOUL (Reuters) – South Korean energy company SK E&S said on Thursday it plans to issue new redeemable convertible preferred shares (RCPS) worth 735 billion won ($576 million) through global investment firm KKR & Co Inc. The transaction will be KKR’s second investment in the company via the RCPS structure, following an initial 2.4 trillion …

SK E&S issues convertible preferred shares worth $576 million through KKR Read More »

SEOUL (Reuters) – South Korea’s producer inflation in November slowed for a fifth consecutive month to a 19-month low, data showed on Thursday, pointing to weakening consumer price pressure ahead. The producer price index in November stood 6.3% higher than the same month a year before, according to the Bank of Korea data, after a …

South Korea Nov producer inflation falls to 19-month low Read More »