By Rae Wee SINGAPORE (Reuters) – Asian issuance of bonds denominated in local currencies have ballooned to their largest in more than a decade as borrowers turn shy of expensive U.S. dollar debt and tap cheaper, liquid markets at home. A total of $2.65 trillion has been raised in Asia excluding Japan and Australia via …
As Asia’s borrowers turn homeward, local bond issuance surges Read More »
TOKYO (Reuters) -Mizuho Financial Group’s securities business will acquire around 20% of shares in Rakuten Securities from its parent Rakuten Group for about 80 billion yen ($554 million), business daily Nikkei reported on Wednesday. Rakuten has outlined plans to raise capital by listing its securities and banking units as it faces competition from Amazon.com in …
Mizuho to buy 20% of Rakuten Securities for $550 million- Nikkei Read More »
TOKYO (Reuters) – Japan’s Mitsui OSK Lines (MOL) said on Wednesday it had signed a long-term charter contract with the new Russian operator of the Sakahlin-2 liquefied natural gas (LNG) project for LNG carrier Grand Mereya to continue its shipping service. Russian President Vladimir Putin signed a decree in June taking charge of the LNG …
Mitsui OSK signs charter deal with new Russian operator of Sakhalin-2 LNG project Read More »
By Nina Chestney LONDON (Reuters) – The share of nuclear power in global gross electricity generation fell below 10% last year to the lowest in around four decades, an industry report showed on Wednesday. Nuclear energy generated 2,653 terawatt hours of electricity last year, accounting for 9.8% of global generation – the lowest since the …
Nuclear share in energy generation falls to lowest in four decades-report Read More »
SEOUL (Reuters) – SoftBank Group Corp founder and CEO Masayoshi Son discussed on Tuesday a long-term cooperation between chip designer Arm and Samsung Electronics, but did not propose the South Korean firm to invest in the British company, a local media reported on Wednesday. The billionaire, who is making his first visit to Seoul in …
SoftBank makes no Arm investment proposal to Samsung-report Read More »
By Anirban Sen and Tom Hals (Reuters) – Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc private, security filings showed on Tuesday, calling for an end to a lawsuit by the social media company that could have forced him to pay up, whether he wanted to …
Musk reverses course, again: he’s ready to buy Twitter, build ‘X’ app Read More »
By Laila Kearney NEW YORK (Reuters) -Oil rose by nearly $3 a barrel on Tuesday on expectations of a large cut in crude output from the OPEC+ producer group and as a weaker U.S. dollar made oil purchases less expensive. The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, look set …
Oil jumps more than 3% ahead of OPEC+ meeting on supply cuts Read More »
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks and oil on Tuesday posted strong gains for a second straight day while U.S. Treasury yields slid as investors wondered if global efforts by central banks to fight inflation may ease in the future. A new report showing shrinking U.S. job openings, a weaker read of U.S. manufacturing …
Stocks soar, yields slide on hints of cooling economy Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar slid against most major currencies on Tuesday as the yield on the benchmark U.S. 10-year Treasury fell after Australia’s central bank surprised investors with a smaller-than-expected interest rate hike, with the euro climbing more than 1%. The Australian dollar was down 0.2% at $0.6503, dragged down …
Dollar slides as U.S. yields ease; euro, sterling jump Read More »
NEW DELHI (Reuters) -India’s competition regulator on Tuesday approved a merger between the Indian unit of Japan’s Sony and Zee Entertainment Enterprises that will create a $10-billion TV behemoth, but with certain conditions. The Competition Commission of India (CCI) did not elaborate on the conditions. Sony said it would wait for remaining regulatory approvals to …
Zee, Sony unit merger approved by India’s competition regulator Read More »
