By Anirban Sen and Sam Nussey TOKYO (Reuters) -Japan’s SoftBank Group Corp is considering launching a third Vision Fund, likely using its own capital, a source familiar with the matter said on Wednesday. The fund’s size has not been finalised and will likely launch early next year if the Japanese tech conglomerate decides to proceed, …
SoftBank considers launching third Vision Fund – source Read More »
By Giulio Piovaccari MILAN (Reuters) – Ferrari unveiled on Tuesday its first SUV, the 390,000 euro ($397,000), 12-cylinder Purosangue, aimed at super-rich drivers still not ready to go all-electric. While late to the SUV market, the Italian brand famed for its prancing horse logo is sure the luxury sports car-style of the Purosangue – or …
Ferrari woos super rich with $400,000, petrol-fuelled SUV Read More »
By Jihoon Lee and Alun John SEOUL (Reuters) -A South Korean court has issued an arrest warrant for Do Kwon, the primary developer of cryptocurrencies Luna and TerraUSD, whose spectacular collapse in May roiled crypto markets around the world. Kwon, also the founder of blockchain platform Terraform Labs, has been accused of fraud by investors …
South Korea seeks to arrest developer of failed cryptocurrency Luna Read More »
By Mei Mei Chu and A. Ananthalakshmi KUALA LUMPUR (Reuters) -Goodyear Tire & Rubber Co has reached an agreement to settle a labour dispute at its Malaysian factory with migrant workers who alleged unpaid wages and benefits, the company and five former workers told Reuters. Goodyear, one of the world’s largest tire makers, declined to …
Exclusive-Goodyear settles labour abuse claims with workers at Malaysian factory Read More »
By Yuka Obayashi TOKYO (Reuters) – Japan’s biggest steelmaker Nippon Steel Corp said on Wednesday it will start selling steel products next year that are certified as reducing carbon dioxide (CO2) emissions from the steel manufacturing process. As steelmakers worldwide face pressure to cut emissions to combat climate change, Nippon Steel has set itself a …
Nippon Steel to launch low-emission steel products next year Read More »
By Kantaro Komiya and Leika Kihara TOKYO (Reuters) -The Bank of Japan conducted a rate check on Wednesday in apparent preparation for currency intervention, a market source told Reuters, as policymakers stepped up warnings against the currency’s recent rapid falls. News of the rate check, reported earlier by the Nikkei newspaper, pushed the yen up …
BOJ checks FX rates in apparent preparation for currency intervention Read More »
JAKARTA (Reuters) – Indonesia’s central government on Wednesday ordered regional heads to keep food inflation below 5% as the recent hike in fuel prices could add 1.6%-2% to the inflation rate, a senior minister said. Chief Economic Minister Airlangga Hartarto said in a meeting Q3 GDP growth will be at about 5.4% and year-to-date GDP …
Indonesia orders regional heads to keep food inflation below 5% – minister Read More »
(Reuters) – PwC Hong Kong and KPMG China are the first accounting firms that will help a U.S. regulator inspect auditing work for United States-listed mainland companies, the South China Morning Post said on Wednesday. The regulator, the Public Company Accounting Oversight Board (PCAOB), notified the firms they had been picked for inspections of several …
PwC HK, KPMG to host U.S. regulator for China inspections -SCMP Read More »
By Sameer Manekar and Praveen Menon (Reuters) -Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore project in Western Australia for $2 billion as it looks to prop up its production from the Pilbara region. The deal comes amid fraught ties …
Rio Tinto, China Baowu to develop Australian iron ore project for $2 billion Read More »
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -JPMorgan Chase and Bank of America, the two largest U.S. banks by assets, expressed caution about job cuts in contrast with Goldman Sachs, where hundreds of layoffs could start as early this month. “You need to very careful when you have a bit of a downturn …
JPMorgan, BofA cautious on job cuts as Goldman layoffs loom Read More »
