Reuters Asia Business

Australia’s Virtus Health considers revised bid from BGH in takeover battle with CapVest

6 Apr 2022

By Riya Sharma and Sameer Manekar (Reuters) – Australian fertility services provider Virtus Health said on Wednesday it will consider a revised buyout offer from minority owner BGH Capital, weeks after it accepted a sweeter bid from rival suitor CapVest Partners. In a takeover battle that has seen Virtus shares climb 55% since last December, …

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Japan business lobby head says 100 yen to dollar “sustainable” – newspaper

6 Apr 2022

TOKYO (Reuters) – The head of a major Japanese business lobby said on Wednesday that 100 yen to the dollar was a “sustainable” exchange rate in the longer term, expressing discontent with the yen’s recent weakening, the Mainichi newspaper reported. Japan’s export-heavy economy has traditionally welcomed a softer yen but the dollar’s recent sharp rise …

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U.S. dollar rises to nearly two-year high on hawkish Fed comments

5 Apr 2022

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar hit its highest in nearly two years on Tuesday, boosted by hawkish comments from Federal Reserve officials who pushed for a quick reduction in the central bank’s bloated balance sheet, with one of them expressing openness to hefty rate increases of half a percentage point. …

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U.S. jury begins deliberations in ex-Goldman banker’s 1MDB corruption trial

5 Apr 2022

By Luc Cohen NEW YORK (Reuters) – A U.S. jury began deliberations on Tuesday in the trial of a former Goldman Sachs banker accused of helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund. Prosecutors say Roger Ng, Goldman’s former top investment banker for Malaysia, helped his former boss Tim Leissner embezzle money …

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Sri Lanka president revokes emergency order, govt in disarray as economic crisis deepens

5 Apr 2022

By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) – Sri Lanka’s President Gotabaya Rajapaksa revoked a state of emergency late on Tuesday after dozens of lawmakers walked out of the ruling coalition, leaving his government in a minority in parliament as it struggled to quell protests amid the country’s worst economic crisis in decades. In …

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Exclusive-India’s top utility NTPC’s annual coal imports expected to hit 8-year high

5 Apr 2022

By Sudarshan Varadhan NEW DELHI (Reuters) – India’s top electricity producer NTPC Ltd’s coal imports this financial year will be the highest in eight years despite near-record prices, two senior officials at the company said, as it looks to address a domestic shortage. The state-run utility, which produces over a quarter of India’s power output, …

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Brazil increases feedlots use to meet China importing requirements

5 Apr 2022

By Nayara Figueiredo SAO PAULO (Reuters) – Driven by Chinese demand, the growth in use of feedlots in Brazilian beef production rose to about a fourth of the country’s overall slaughtered cattle, industry sources said. Cattle fattened to produce meat for the Chinese market, which buys about 50% of Brazil’s exported beef, is sold for …

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