TOKYO (Reuters) – Japanese machine tool manufacturer Makino Milling Machine said on Wednesday that it asked Nidec to make changes to an unsolicited takeover bid announced last month. Makino said in a statement it asked Nidec to push back the tender offer launch date to May 9 from April 4, and to revise the minimum …
Japan’s Makino Milling requests changes to unsolicited bid from Nidec Read More »
By Panarat Thepgumpanat BANGKOK (Reuters) – Chinese authorities have asked Thailand to inspect dozens of factories before opening negotiations to lift a ban imposed last month on sugar syrup and premixed powder exports from the Southeast Asia nation, Thai officials said. Thailand, the world’s second-largest sugar exporter, was China’s main supplier of liquid sugar last …
Thailand seeks negotiations with China to lift syrup imports ban Read More »
JAKARTA (Reuters) – Indonesia reported a $2.24 billion trade surplus in December, below expectation, amid a jump in imports and a smaller-than-expected increase in exports, official data showed on Wednesday. A Reuters poll had expected a surplus of $3.79 billion. November’s surplus was revised down to $4.37 billion. The data comes as Indonesia’s central bank …
Indonesia books $2.2 billion surplus in December as imports jump Read More »
BEIJING (Reuters) – China’s state planner pledged to crack down on black and grey industries that illegally obtain, sell or provide data, according to regulations published on Wednesday intended to improve data circulation security governance. As part of efforts to prevent data misuse, the authorities urged strengthening data security risk monitoring in key industries and …
China vows crackdown on illegal handling of data Read More »
SEOUL (Reuters) – South Korea’s capital markets in December experienced the largest foreign outflows since March 2020 as heightened political uncertainty hit investor sentiment, central bank data showed on Wednesday. Foreigners last month extended their South Korean stock market selloff to a fourth straight month by selling a net $2.58 billion. In the bond market, …
Foreigners sold South Korean equities last month by most since early 2020 Read More »
By Yoshifumi Takemoto TOKYO (Reuters) – Japan is likely to miss achieving its goal of running a primary budget surplus by the next fiscal year, according to three sources with knowledge of fresh fiscal estimates, as the minority government faces increasing pressure for more spending. The new estimate, to be released this week, knocks the …
Japan likely to miss primary budget surplus target for FY2025, sources say Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – BDx Data Centers, the largest data centre operator in Indonesia, is aiming to open a dozen data centres in the Southeast Asian nation with a target of 250 megawatts of capacity within the next two years, it said in a statement on Wednesday. That is in addition to the …
I Squared-backed BDx aims to open a dozen more data centres in Indonesia Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s jobless rate jumped to the highest in 3-1/2 years in December, as political turmoil stoked economic uncertainty and dampened sentiment, data showed on Wednesday, a day ahead of the central bank’s first monetary policy meeting of the year. The unemployment rate last month rose to 3.7% on a …
South Korea jobless rate hits 3-1/2-yr high amid political uncertainty Read More »
BEIJING/HONG KONG (Reuters) -China is set to slash pay for staff at its top three financial regulators, including the central bank, by about half, as part of a regulatory revamp unveiled in 2023 to bring their salaries in line with other civil servants, sources said. Starting from this month, staff at the People’s Bank of …
China to cut pay by half for staff at top financial regulators, sources say Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A pause in the global bond selloff took some wind out of the dollar’s sails and allowed equities to regain their footing early on Tuesday but Wall Street’s wobble ahead of U.S. inflation data could put Asian markets back on the …
Morning Bid: Fleeting respite from yields, dollar; Indonesia sets rates Read More »
