Reuters Asia Business

By Kane Wu HONG KONG (Reuters) – Private equity firms Fountainvest Capital Partners, TPG and Warburg Pincus are among final-round bidders for Carlyle Group’s stake in AmbioPharm Inc, people with knowledge of the transaction told Reuters. Carlyle, which is targeting a valuation of $1 billion for Ambio in a sale, is expecting binding bids in …

Fountainvest, TPG, Warburg among bidders for Carlyle’s Ambio stake – sources Read More »

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Wall Street’s lurch into the red late on Friday sets a negative tone for the open in Asia on Monday, a stark reminder that investors are still far more inclined to sell into pockets of strength in riskier assets right now …

Marketmind: Sell the rip Read More »

MANILA (Reuters) – Japan’s Universal Entertainment Corp said on Sunday its local representatives in the Philippines have taken over the operations of the Okada Manila gambling resort, the latest step in a long-running ownership dispute. Universal said in a statement accompanied by a copy of a Sept. 2 order from the local gaming regulator that …

Japan’s Universal Entertainment takes over operations of Okada Manila casino Read More »

TOKYO (Reuters) – A Japanese government panel tasked with tackling rising prices and wage issues will meet on Friday and consider additional policy measures that should be taken, Prime Minister Fumio Kishida said on Sunday. Speaking to reporters in northern Japan’s Niigata prefecture, Kishida said the government should consider reviewing and raising subsidies for regional …

Japan PM says govt panel on inflation and wages to meet Friday Read More »

TOKYO (Reuters) -Japan’s Rakuten Mobile Inc said on Sunday that its service for users on Rakuten UN-LIMIT VII plans had been restored, after a system failure caused difficulties making calls and sending data for over two hours. The mobile carrier, a wholly owned subsidiary of Rakuten Group Inc, did not say how many users were …

Japan’s Rakuten Mobile says service restored after 2-1/2 hour system failure Read More »

(Reuters) – Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday. Ismail predicted inflation, running at the highest in 47 years and the second-highest in Asia, was close to its peak and would average 15% for the year, …

Pakistan Finance Minister expects economy to grow more than 3.5% this FY – Bloomberg News Read More »

WASHINGTON (Reuters) – The Biden administration said on Friday it will keep tariffs on hundreds of billions of dollars worth of Chinese imports in place while it continues a statutory review of the duties imposed by former President Donald Trump. The U.S. Trade Representative’s office said in a federal notice that it received requests from …

Biden administration to maintain China tariffs while review continues Read More »