TOKYO/FRANKFURT (Reuters) -Japanese camera maker Nikon Corp on Friday announced plans to take over German 3D metal printing machine maker SLM Solutions Group for 622 million euros ($622 million) to become a global leader in metal additive manufacturing. The deal values SLM Solutions at 20 euros per share, representing a premium of 75% to Thursday’s …
Nikon to buy Germany’s SLM Solutions Group in $622 million deal Read More »
HONG KONG (Reuters) -Former Macau junket tycoon Alvin Chau appeared in court in the world’s biggest gambling centre on Friday to face more than 200 charges including illegal gambling activities, running a criminal syndicate, money laundering and fraud. Chau, one of the city’s best-known public figures, stepped down as chairman of the Suncity junket in …
Ex-Macau junket boss appears in court on illegal gambling, crime syndicate charges Read More »
KUALA LUMPUR (Reuters) – Malaysia said on Friday it hopes to complete its plan to sell 70% of its stake in 5G agency Digital Nasional Berhad (DNB) by this month, state news agency Bernama reported, after two mobile operators dropped out of talks on the equity sale this week. Two of the country’s largest wireless …
Malaysia hopes to complete sale of stakes in 5G agency this month -report Read More »
By Tetsushi Kajimoto and Kantaro Komiya TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday that Tokyo will take “appropriate” action as needed on the yen’s slide to a fresh 24-year low against the dollar, signaling the chance of intervention to address market volatility. “My impression is that currency market volatility has become somewhat …
Japan warns of action as yen slides to 24-year low Read More »
TOKYO (Reuters) – Japan’s Nidec Corp, a major manufacturer of electric motors, has replaced its second-in-command – underlining the company’s difficulties in finding a suitable leader to succeed founder Shigenobu Nagamori as CEO. Jun Seki, president and chief operating officer, will step down to take responsibility for a deterioration in the company’s earnings and will …
Japan’s Nidec replaces its second-in-command after slide in earnings Read More »
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Fund managers are cutting their holdings in Chinese property bonds by half or even more as the sector lurches from crisis to crisis and blows a deep hole in asset managers’ performance. According to Refinitiv data, 204 out of 242 dollar-denominated bonds issued by Chinese property firms …
Fund managers shun China property bonds on default risks Read More »
BEIJING (Reuters) – A former financial regulation official in central China’s Henan province is under investigation following a local rural banking scandal, the local anti-graft watchdog said on Friday. Chen Yimin, former deputy head of the now-defunct China Banking Regulatory Commission’s Henan Office, is being investigated for suspected “severe violation of discipline and law”, the …
China investigating former Henan financial regulation official Read More »
(Reuters) – Indonesia needs to ensure policy reforms to pave the way for renewable power and to reduce reliance on coal, as part of a goal to achieve net-zero emissions by 2060, the International Energy Agency (IEA) said in a report released on Friday. Indonesia, one of the world’s biggest carbon emitters, has signed up …
IEA says Indonesia policy reform needed for clean energy transition Read More »
SINGAPORE (Reuters) -The U.S. Federal Reserve has terminated a decade-long enforcement action against HSBC Holdings PLC under which Europe’s biggest bank by assets was ordered to improve practices after violating money laundering and sanction rules. London-headquartered HSBC was accused in 2012 of degenerating into a “preferred financial institution” for Mexican and Colombian drug cartels and …
Fed ends decade-long enforcement action against HSBC Read More »
By Yuka Obayashi and Ritsuko Shimizu TOKYO (Reuters) – Japan’s biggest steelmaker Nippon Steel Corp plans to almost double crude steel output capacity at its India’s Hazira plant to secure more of the growing market, an executive said. The expansion plan comes despite a growing concerns about a slowdown in the global economy amid rising …
Nippon Steel aims to almost double Indian unit’s output capacity Read More »
