(Reuters) -Japanese telecoms firm Nippon Telegraph and Telephone announced plans on Thursday to take its subsidiary NTT Data private by purchasing the shares it does not already own for 2.37 trillion yen ($16.4 billion). NTT said in a statement it would launch a tender offer for NTT Data at 4,000 yen per share, representing a …
Japan’s NTT plans to take NTT Data private for $16.4 billion Read More »
MOSCOW (Reuters) -Russia and China are at an “active stage” of talks on a proposed new gas pipeline, the Power of Siberia-2, carrying Russian gas via Mongolia to China, but are unlikely to sign a contract in the next couple of days, Energy Minister Sergei Tsivilev said, according to Russia state news agency TASS. Chinese …
BEIJING/SHANGHAI (Reuters) -China’s central bank has approved foreign exchange purchases by some commercial banks to pay for gold imports under recently increased quotas, two people with direct knowledge of the matter said on Wednesday. The People’s Bank of China’s (PBOC) gold import quotas for the country’s big banks determine how much bullion enters the world’s …
China loosens gold import quotas with eye on arresting yuan rally Read More »
By Kantaro Komiya and Miho Uranaka TOKYO (Reuters) -Tokyo-based satellite maker Axelspace plans to list its shares as early as June, two sources said, the latest in a steady stream of domestic space startups tapping the Japanese capital markets amid mixed investor views on the sector’s prospects. Axelspace’s initial public offering (IPO) is expected to …
(Reuters) -Malaysia’s Capital A, which owns airline AirAsia, said on Thursday its shareholders and debtholders approved a capital reduction plan of up to 6 billion ringgit ($1.4 billion), as the company aims to shrug off its ‘financially distressed’ tag. Capital A was severely impacted by pandemic-era travel curbs and its equity declined to below 50% …
Malaysia’s Capital A shareholders approve up to $1.4 billion capital reduction Read More »
By Amy Lv and Lewis Jackson BEIJING (Reuters) -China’s steel exports are set to slump in the second quarter, threatening to exacerbate a supply glut at home, analysts and traders said, as the trade war and a wave of protectionism moving in its wake crimps export markets. Second-quarter shipments from the world’s largest steel producer …
Trade war set to slash China’s steel exports, aggravating oversupply at home Read More »
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore lender DBS Group flagged risk from heightened uncertainty and softer non-interest income growth for 2025 after posting on Thursday a 2% drop in first-quarter net profit that beat expectations. Tan Su Shan, who took over as CEO in March, said in a press conference the market now expects three …
DBS cautious about 2025 after Q1 profit beats expectations Read More »
By Abhijith Ganapavaram, Ben Blanchard and Ariba Shahid TAIPEI/NEW DELHI (Reuters) -Airlines including United Airlines and Korean Air re-routed or cancelled flights and about a dozen Indian airports were shut on Wednesday after India struck nine sites in Pakistan, raising fears of an escalation. India attacked Pakistani Kashmir and Pakistan said it had shot down …
Airlines re-route, cancel flights due to India-Pakistan fighting Read More »
KUALA LUMPUR (Reuters) – Malaysian industrial production rose 3.2% in March from a year earlier, above market expectations, government data showed on Thursday. March’s factory output had been forecast to expand 2.0%, according to a Reuters poll. (Reporting by Kuala Lumpur newsroom; Editing by John Mair)
By Dhara Ranasinghe and Stefano Rebaudo LONDON (Reuters) – Global recession risks have shot back up markets’ worry list, but the readout from economic data and key financial indicators is not as clear cut as it first appears. A 90-day pause on most reciprocal tariffs unveiled by U.S. President Donald Trump in April has eased …
Market recession indicators: dissecting the signal from the noise Read More »
