Reuters Asia Business

Tencent Music to become second-largest shareholder in K-pop agency SM Entertainment

28 May 2025

SEOUL (Reuters) -China’s Tencent Music is expected to become the second-largest shareholder of major K-pop agency SM Entertainment, according to a South Korean filing on Tuesday.  South Korea’s Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 …

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Australia sues ex-director of crypto exchange Blockchain Global over alleged duty breaches

28 May 2025

(Reuters) -Australia’s corporate regulator said on Wednesday that it has initiated civil penalty proceedings against Liang (Allan) Guo, a former director of the failed cryptocurrency exchange firm Blockchain Global, alleging multiple breaches of duties. The Australian Securities and Investments Commission’s allegations in the federal court are in relation to Guo’s involvement in Blockchain Global’s operation …

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Demand at 40-year JGB auction sinks to lowest since July

28 May 2025

(Corrects milestone to July from November in headline and first paragraph) By Kevin Buckland TOKYO (Reuters) -Demand at an auction of 40-year Japanese government bonds on Wednesday fell to the lowest since July, amid a selloff in so-called super-long debt this month. A measure of demand called the bid-to-cover ratio, which gauges total bids against …

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Asia boosts weapons buys, military research as security outlook darkens

28 May 2025

By Greg Torode and Jun Yuan Yong HONG KONG (Reuters) -Spending on weapons and research is spiking among some Asian countries as they respond to a darkening security outlook by broadening their outside industrial partnerships while trying to boost their own defence industries, a new study has found. The annual Asia-Pacific Regional Security Assessment released …

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Japan’s government to pledge ‘nimble’ fiscal action in policy guidelines

28 May 2025

By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government will pledge in this year’s policy guidelines to take “nimble policy action” as U.S. tariffs and high inflation impact household finances, according to a draft seen by Reuters. The statement, to be included in Japan’s annual economic and fiscal policy guidelines in June, suggests the government could consider …

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China data centre group GDS aims to raise up to $631 million

28 May 2025

By Scott Murdoch SYDNEY (Reuters) -Chinese data centre group GDS Holdings has launched an up to $631 million convertible bond and capital raising, according to a regulatory filing. The company has increased a seven-year convertible bond from $450 million to $500 million with a coupon range of between 2% and 2.5%, a term sheet reviewed …

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Singapore’s CapitaLand Ascendas REIT to buy two properties for $543.6 million

28 May 2025

(Reuters) -Singapore’s CapitaLand Ascendas REIT said on Wednesday it will acquire a data centre and a premium business park property in the city-state for a combined S$700.2 million ($543.63 million). The REIT said the acquisitions will increase the value of its Singapore portfolio by 6% to approximately S$11.7 billion. Both properties are fully leased to …

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