By Satoshi Sugiyama TOKYO (Reuters) -Japanese household spending rose at a faster pace than expected in August, government data showed on Tuesday, with consumers feeling relatively upbeat in a promising sign for the recovery in private consumption. The latest figures add to a string of data supporting the Bank of Japan’s plans to keep raising …
Japan’s solid household spending in August bodes well for consumption Read More »
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -Vietnam is preparing for a decision on Tuesday by index provider FTSE Russell that could upgrade its stock market to emerging status alongside China and India, potentially unlocking billions of dollars in foreign investment. The Southeast Asian nation is currently classified as a frontier market both by …
Vietnam braces for FTSE decision on market upgrade Read More »
SINGAPORE (Reuters) -CapitaLand Ascendas REIT said on Tuesday that it will acquire three industrial and logistics properties in Singapore for about S$565.8 million ($438 million) from Vita Partners, as part of a S$1.3 billion domestic investment drive for the year. The transaction, aimed at strengthening CapitaLand’s domestic portfolio, is expected to close in the first …
CapitaLand Ascendas REIT to buy three Singapore properties for $438 million Read More »
(Reuters) -Rio Tinto said on Tuesday it along with its joint venture partners Mitsui Iron Ore and Nippon Steel will invest $733 million to develop new iron ore deposits at the West Angelas hub in Western Australia’s Pilbara region. Rio Tinto, which will contribute $389 million, said the West Angelas Sustaining project will maintain the …
Rio Tinto and partners to invest $733 million in Pilbara iron ore project Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission will vote this month to tighten restrictions on telecommunications equipment made by Chinese companies deemed national security risks, the latest in a series of U.S. actions targeting Beijing. The U.S. telecom regulator previously named companies including Huawei Technologies, ZTE, Hangzhou Hikvision, China Mobile and China Telecom …
US FCC to vote to tighten restrictions on Chinese telecom equipment Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Politics and AI powered huge moves across world markets on Monday, namely the collapse of the French government and surprise emergence of a likely new leader in Japan, and a multi-billion dollar chip-supply deal …
Trading Day: Another whoosh in the ‘everything rally’ Read More »
TOKYO (Reuters) -Toyota Motor said on Monday that its tender offer for forklift maker Toyota Industries was now likely to begin in February or later, pushing back a launch that had been expected in early December. The Toyota group said in June that Toyota Industries would be taken private through a holding company into which …
Toyota says deal to take key supplier private delayed at least until February Read More »
TOKYO (Reuters) -French-Italian eyewear maker EssilorLuxottica has secured permission to raise its stake in Japan’s Nikon to as much as 20% under Japan’s Foreign Exchange and Foreign Trade Act, Nikon said on Monday. The maker of Ray-Ban sunglasses has also raised its holding in Nikon to 10.8% from 9.6% to become the largest shareholder, Nikon …
EssilorLuxottica becomes Nikon’s top shareholder with green light to hike to 20% Read More »
By Alun John and Amanda Cooper LONDON (Reuters) -Several large banks said they were closing bullish trade recommendations on the Japanese yen after the country’s ruling party on Sunday picked as its leader Sanae Takaichi, whose views on fiscal and monetary policy have unnerved currency investors. Takaichi was considered to have the most expansionist fiscal …
Big investment banks cool on Japan’s yen after Takaichi win Read More »
By Emma Rumney -Exports of U.S. spirits fell 9% in the second quarter, according to a report by the Distilled Spirits Council of the United States published on Monday, which warned that trade tensions were hitting demand in key markets. The decline marked a sharp reversal from 2024’s strong export performance, with steep drops across …
US spirits exports tumble as drinkers shun American brands, industry warns Read More »
