Reuters Asia Business

TOKYO (Reuters) – Japan’s Nissan Motor Co Ltd on Tuesday rejected a shareholder proposal at its annual general meeting (AGM) that would have led to the disclosure of a decades-old agreement with 43% stakeholder Renault SA. Ahead of the AGM, one investor proposed deeming Renault as Nissan’s parent company for disclosure purposes which by law …

Nissan shareholders reject proposal to deem Renault as parent for disclosure purposes Read More »

HONG KONG (Reuters) – Hong Kong private home prices eased in May after a short-lived bounce, latest official data showed on Tuesday, as potential homebuyers turned wary over higher borrowing costs. Home prices last month slipped 0.3% from a month earlier, according to official data, compared with a revised 1% rise in April. Month on …

Hong Kong home prices slip in May amid higher borrowing costs Read More »

By Karen Freifeld (Reuters) – Reuters and Dow Jones on Monday brought a motion to unseal records in the U.S. case against China’s ZTE Corp, arguing there is a right to access and that secrecy does not serve the public interest. ZTE, one of the world’s top telecommunications equipment makers, pleaded guilty in 2017 to …

Reuters, Dow Jones move to unseal ZTE case records Read More »

(Reuters) -Nike Inc beat estimates for quarterly revenue on Monday, as strong demand for its athletic apparel and sneakers in Europe helped the company counter lower sales in China following pandemic-related lockdowns in the country. The company’s shares rose about 1% to $111.80 after the bell and Nike also announced a new $18 billion class …

Nike revenue beats as Europe demand overshadows China sales slump Read More »

By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability. The number of coins miners are sending to crypto exchanges has been steadily climbing since June 7, researchers at MacroHive noted, …

Bitcoin miners sell their holdings amid crypto winter’s chill Read More »

(Reuters) – Singapore Telecommunications said it does not plan to list its Australian unit Optus, refuting reports that it was working on an initial public offering valuing the wireless carrier at between A$8 billion ($5.54 billion) and A$12 billion. Singtel on Monday called the news articles published by Australian media “highly speculative”, saying it regularly …

Singtel says it does not plan to list Australian unit Optus Read More »