Reuters Asia Business

By Harish Sridharan and Indranil Sarkar (Reuters) – Crown Resorts Ltd’s shareholders approved a $6.3 billion buyout by Blackstone Inc on Friday, but the deal faces further delays as it awaits nods from the regulators of states where the troubled casino operator ran its businesses. Crown’s Chairman Ziggy Switkowski said the company would delay a …

Crown shareholders approve Blackstone deal; regulatory nods may pose delay Read More »

By Satoshi Sugiyama KURASHIKI, Japan (Reuters) – Japan’s Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models. The two Japanese automakers, part of an alliance with French carmaker Renault SA, were once considered trailblazers …

Nissan, Mitsubishi Motors unveil light EVs for Japan Read More »

(Reuters) – Ratings agency Fitch on Thursday downgraded Sri Lanka’s rating to ‘RD’ from ‘C’ after the grace period expired on coupon payments that were due on April 18 on two international sovereign bonds. “We have affirmed Sri Lanka’s Long-Term Local-Currency IDR at ‘CCC’, as the government has continued to service local-currency debt and we …

Fitch downgrades Sri Lanka’s rating to ‘restricted default’ Read More »

By Nivedita Balu (Reuters) – Grab Holdings Ltd, Southeast Asia’s No. 1 ride-hailing and food delivery firm, on Thursday forecast a rebound in its rideshare and food delivery businesses as economies recover from a pandemic-led slump, sending its U.S.-listed shares surging 32%. The company’s rideshare business, which suffered from pandemic-led restrictions in several markets, is …

Southeast Asia’s Grab sees rebound in ride-hailing as offices reopen Read More »

By Jorgelina do Rosario LONDON (Reuters) – Emerging economies will face a “tough terrain” for the next few quarters due to the Russia-Ukraine war, Atsi Sheth, global head of strategy and research for Moody’s Investors Service, said on Thursday. While the overall picture is gloomy, commodity exporters will face better outcomes than other countries or …

Moody’s sees ‘tough terrain’ ahead for emerging economies as Russia-Ukraine war extends Read More »

By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) -Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, but police fired tear gas and water canon to push back student protesters. Most of Sri Lanka’s petrol stations have run …

Sri Lanka fuel shortage set to ease; police clash with protesters Read More »