By Nathan Gomes, Padraic Halpin and Tim Hepher DUBLIN (Reuters) -A group of investors led by Sumitomo Corp and SMBC Aviation Capital unveiled plans on Tuesday to acquire U.S.-based Air Lease Corp in a $7.4 billion cash deal and bring it under the wing of one of the world’s largest aircraft lessors. In a four-way …
SMBC-backed group bags Air Lease in new jet finance shake-up Read More »
(Reuters) -Hong Kong-listed Zhejiang Expressway said on Tuesday it will absorb Zhejiang Oceanking Development by way of a share swap deal, valuing the firm at around 6.44 billion yuan ($900.33 million). Under the arrangement, shareholders of Zhejiang Oceanking Development will receive 1.08 Zhejiang Expressway shares for each Oceanking share held. Zhejiang Expressway will issue A-shares …
Zhejiang Expressway to absorb Zhejiang Oceanking, valuing it at $900 million Read More »
By Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -Japan has granted national security clearance to Taiwan’s Yageo for its unsolicited bid to buy Shibaura Electronics, concluding a lengthy review that underscored Tokyo’s tighter security control for sensitive technologies. The approval removes a major hurdle to Yageo’s $740 million overture, which had faced scrutiny under Japan’s …
Japan clears Taiwan’s Yageo in Shibaura bid after lengthy security review Read More »
By Vladimir Soldatkin and Lidia Kelly MOSCOW (Reuters) -Russia and China gave their blessing to the Power of Siberia 2 pipeline but have yet to agree on pricing, Gazprom said on Tuesday, underscoring President Xi Jinping’s disregard for Western demands that he row back from a deepening partnership with Moscow. The pipeline, which could one …
Russia and China bless vast new Power of Siberia 2 pipeline, Gazprom says Read More »
By Polina Devitt and Kevin Yao LONDON/BEIJING (Reuters) -Aggressive gold-buying by China’s central bank since 2023 has raised the question of how far Beijing will boost its reserves as it tries to reduce its reliance on the dollar and align its holdings with its status as the world’s second largest economy. China’s purchases coincide with …
Analysis-How much gold will be enough to diversify China’s reserves? Read More »
By Anton Bridge and Mariko Katsumura TOKYO (Reuters) -Suntory Holdings CEO Takeshi Niinami, one of Japan’s best-known business leaders, has resigned from the beverage group following a police investigation into his purchase of a supplement that may have breached the country’s strict drug laws. Niinami, who has served as an adviser to several Japanese prime …
Whisky maker Suntory’s CEO resigns after possible purchase of illegal supplements Read More »
(Reuters) -India’s competition regulator said on Tuesday it had approved Japanese bank Sumitomo Mitsui Banking Corporation’s stake purchase in Indian lender Yes Bank. SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India’s financial sector. The …
India competition regulator approves SMBC’s stake buy in Yes Bank Read More »
ISTANBUL (Reuters) -Tesla’s auto sales soared in Turkey in August, reaching the No. 2 spot ahead of traditional European and Japanese rivals, as the U.S. brand benefited from buyers’ seeking tax breaks and a currency hedge. The electric vehicle (EV) maker sold 8,730 Model Y’s, up 86% from the previous month, in sharp contrast to …
Tesla sales soar in Turkey, becomes No. 2 brand in August Read More »
BEIJING (Reuters) -Tesla’s China-made electric vehicle sales dropped 4% in August from a year earlier, following an 8.4% fall in July, as the U.S. automaker refreshed its aging lineup in China’s hyper-competitive market. However, deliveries of Model 3 and Model Y vehicles made at Tesla’s Shanghai factory, including exports to Europe and other markets, surged …
Tesla’s China-made EV sales drop on year in August, but jump on month Read More »
KUALA LUMPUR (Reuters) -Malaysian authorities have summoned TikTok’s top management over the social media company’s alleged delays in tackling fake news on its platform, state news agency Bernama reported on Tuesday, citing Malaysia’s communications minister. Minister Fahmi Fadzil said TikTok, owned by China’s ByteDance, had been too slow in responding to requests for assistance in …
Malaysia summons TikTok management over delays in tackling fake news, report says Read More »
