WASHINGTON (Reuters) -U.S. President Donald Trump said on Thursday the United States had a “golden share” in U.S. Steel as part of a deal for Nippon Steel to buy the iconic American company. It was not immediately clear what structural element of the deal Trump was referring to, but he said the share meant that …
By Hyunjoo Jin and Kane Wu SEOUL/HONG KONG (Reuters) -MBK Partners is seeking to sell its embattled South Korean supermarket chain Homeplus by issuing new shares, to avert liquidation of the retailer, the Northeast Asia-focused private equity firm said on Friday. The firm will then cancel shares worth 2.5 trillion Korean won ($1.83 billion) it …
MBK plans to sell its troubled Korean supermarket chain Homeplus Read More »
By Ariba Shahid ISLAMABAD (Reuters) – The International Finance Corporation will provide a $400 million subordinated loan for Pakistan’s Reko Diq copper-gold mine, according to an IFC disclosure on Friday. The loan adds to a $300 million commitment announced in April, bringing IFC’s total financing for the project to $700 million. The estimated cost of …
IFC to provide $400 million loan for Pakistan’s copper-gold Reko Diq mine Read More »
SINGAPORE/LONDON (Reuters) -Israel launched large-scale strikes against Iran on Friday, saying it had attacked nuclear facilities and missile factories and killed a swathe of military commanders in what could be a prolonged operation to prevent Tehran building an atomic weapon. U.S. President Donald Trump suggested that Iran had brought the attack on itself by resisting …
Stocks sell off, oil surges as Israel strikes Iran Read More »
(Reuters) -India and China have agreed to expedite the resumption of direct air services and step up communication, the two countries’ foreign ministries said on Friday, as Beijing and New Delhi continue to mend bilateral ties. The ministries’ statements came after a meeting on Thursday of Indian Foreign Secretary Vikram Misri and Chinese Vice Foreign …
India, China agree to expedite resumption of direct flights as ties improve Read More »
BEIJING/SHANGHAI (Reuters) -China’s central bank will inject cash via outright reverse repos for the second time this month, it said on Friday, aiming to ease funding pressures during the peak season for bond financing. The People’s Bank of China said on Friday that it would inject 400 billion yuan ($55.70 billion) into its banking system …
China central bank plans second cash injection via outright reverse repos in June Read More »
TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Friday he had instructed the ruling coalition to include cash handouts as part of its election campaign pledge to aid households coping with inflation. The handout would be 20,000 yen ($139) per person and an additional 20,000 yen would be added on top of that per …
Japan PM instructs ruling camp to include cash handout in election pledge Read More »
By Sam Li and Emily Chow BEIJING/SINGAPORE (Reuters) -China’s annual imports of liquefied natural gas (LNG) are forecast to decline for the first time in three years on weak industrial demand and strong domestic and piped gas supply, according to revised forecasts from five research firms. A decline in imports at the world’s top LNG …
China’s 2025 LNG imports expected to fall in unusual downturn, analysts say Read More »
By Selena Li and Summer Zhen HONG KONG (Reuters) -Virtu Financial Inc, one of the world’s largest trading and market-making firms, is eyeing an entry into China, a top executive said, to tap into the rising and lucrative trading opportunities in the market. Reuters reported in April that China is considering opening its $520 billion …
US trading firm Virtu weighs foray into China market-making business Read More »
HANOI (Reuters) -Vietnam’s newly established Sun PhuQuoc Airways will initially operate Airbus’s narrow-body aircraft, including the A321neo, it said on Friday. The airline is also in talks with Boeing to purchase wide-body aircraft, including Boeing 787-9 and Boeing 787-10 jets, it said in a statement. (Reporting by Khanh Vu; Editing by David Stanway)
