Reuters Asia Business

(Reuters) -Japanese conglomerate Hitachi is considering selling its domestic home appliance business as part of a continued effort to prioritize the group’s social infrastructure and digital sectors, the Nikkei newspaper has reported. The deal could be worth around 100 billion yen ($679.49 million) or more, the report said. Hitachi has reached out to multiple companies …

Hitachi mulling over sale of Japanese white goods business, Nikkei reports Read More »

By Makiko Yamazaki TOKYO (Reuters) -A Japanese Labour Ministry panel on Monday proposed a 6% increase in the national average minimum wage for this fiscal year, the biggest such jump since at least 2002, as the government scrambles to sustain wage-driven economic growth. Achieving real wage growth has become a top policy priority for Japan, …

Japan panel proposes 6% minimum wage hike to counter inflation woes Read More »

By Jun Yuan Yong SINGAPORE (Reuters) -Property tycoon Ong Beng Seng pleaded guilty to one charge of abetting the obstruction of justice on Monday in part of a landmark case that led to the jailing of former transport minister S. Iswaran for obtaining valuable items as a public servant last year.  However, both the prosecution …

Singapore property tycoon linked to jailed minister pleads guilty Read More »

(Reuters) -China’s Ant Group will exit Indian payments firm Paytm by selling its remaining equity stake in block deals that could total 38 billion rupees ($433.72 million), according to a term sheet seen by Reuters on Monday. Ant, an affiliate of Chinese conglomerate Alibaba Group, will sell its 5.84% stake at a floor price of …

China’s Ant Group to exit India’s Paytm, term sheet shows Read More »

BANGKOK (Reuters) -Thai Airways International’s stock price had risen 216% when the market closed on Monday after shares in the airline resumed trading following a hiatus of nearly five years Shares rose as much as 231% higher in early trade and ended the day at 10.5 baht from around 3 baht before trading was suspended. …

Thai Airways’ share price soars more than 200% after trading resumption Read More »

(Reuters) -Singapore’s sovereign wealth fund GIC will acquire a 25% stake in a Spanish fibre optic broadband venture between MasOrange and Vodafone Spain, the three companies said on Monday, helping GIC to boost its presence in a key European telecom market. After GIC’s investment, MasOrange, partly owned by France’s Orange, will hold 58% of the …

Singapore fund GIC buys 25% stake in Spain broadband venture Read More »