BEIJING (Reuters) – Trade in China’s thermal coal futures has almost come to a halt, after Beijing stepped up its control of coal prices to rein in the soaring costs of energy and raw materials. The flagship product for Zhengzhou Commodity Exchange (ZCE) has at times seen as many as 1 million lots exchange hands …
China’s thermal coal futures mute as Beijing reins in commodity inflation Read More »
HONG KONG/BEIJING (Reuters) -Three major private Chinese property developers who are financially healthy were asked by the authorities to issue bonds this week to help boost market sentiment, two sources with direct knowledge of the matter said on Monday. The authorities informed Country Garden, Longfor Group and Midea Real Estate about the plan late last …
China asked 3 property developers to issue bonds this week – sources Read More »
TOKYO (Reuters) – KKR-backed Crosby Group, a U.S. lifting and rigging company, will launch a tender offer for all of Japanese hoists and cranes maker Kito Corp for 56.48 billion yen ($438 million), the companies said on Monday. The Crosby Group will offer 2,725 yen for each Kito share, they said, representing a 62% premium …
KKR-backed Crosby Group to launch $438 million tender offer for Japan’s Kito Read More »
TOKYO (Reuters) – Japan’s three major pharmaceutical lobbies joined for the first time on Monday in urging reforms to the government’s drug-pricing system to avoid losing out on investment and new drugs. While American and European drugmakers have complained for years about drug prices set by Japan’s socialised medical system, this is the first time …
Japan pharma lobbies say pricing scheme leading to renewed ‘drug lag’ Read More »
By Enrico Dela Cruz (Reuters) -Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world’s top steel producer also lifted trader sentiment. The most-traded September iron ore contract on China’s Dalian Commodity Exchange ended daytime trade …
Dalian iron ore rebounds on supply woes, easing of China COVID curbs Read More »
TAIPEI (Reuters) – Taiwan’s exports rose for a 22nd straight month in April, and the government said the outlook was strong due to sustained demand for chips while also warning of uncertainties cast by the war in Ukraine and China’s COVID lockdowns. Exports rose 18.8% in April from a year earlier to $41.46 billion, the …
Taiwan April exports jump, outlook good but some clouds ahead Read More »
SHANGHAI (Reuters) -Tesla Inc has delayed a plan to restore production at its Shanghai plant to levels before the city’s COVID-19 lockdown by at least a week, according to an internal memo seen by Reuters. The U.S. electric car maker originally aimed to increase output at its Shanghai plant to 2,600 cars a day from …
Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo Read More »
(Reuters) -Baring Private Equity Asia Fund VIII (BPEA) does not plan to make an offer for RWS Holdings, the Hong Kong-based group said on Monday, weeks after it had indicated interest in the London-listed language services and software firm. RWS, in its response, said BPEA’s interest was unsolicited and did not lead to any proposal. …
Hong Kong-based PE group backs out of making offer for UK’s RWS Read More »
By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) -India’s biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by Indian billionaire Mukesh Ambani, plans to …
India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play-sources Read More »
(Reuters) -Elon Musk on Saturday tweeted https://twitter.com/elonmusk/status/1525615849167589380 that Twitter Inc’s legal team accused him of violating a nondisclosure agreement by revealing that the sample size for the social media platform’s checks on automated users was 100. “Twitter legal just called to complain that I violated their NDA by revealing the bot check sample size is …
Elon Musk says Twitter legal team told him he violated an NDA Read More »
