TOKYO (Reuters) – Japan’s government warned of uncertainty over the impact of U.S. trade policies as tariffs could hurt the global economy but it also said in a monthly report on Friday that the domestic economy was recovering moderately thanks to a solid corporate sector. Tokyo also said the downside risks to its economic outlook …
Japan cautions about uncertainty from Trump trade policies Read More »
SEOUL (Reuters) – Hanwha Aerospace said on Friday it planned to raise 1.3 trillion won ($912.95 million) through a new share issue to fund the development of products including drones. Three affiliates of the Hanwha Group, the company’s parent, will purchase the new shares at 758,000 won per share, the company said in a regulatory …
Hanwha Aerospace to issue new shares worth 1.3 trillion won Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s core inflation accelerated in March due to persistent rises in food costs, data showed on Friday, complicating the central bank’s task of weighing mounting price pressures against risks to the economy from higher U.S. tariffs. The data comes ahead of the Bank of Japan’s policy meeting on April 30-May …
Japan’s core inflation accelerates, complicating BOJ’s rate path Read More »
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) – Vietnam’s Ministry of Public Security plans to take a majority stake in FPT Telecom, one of the country’s largest internet providers, as part of its efforts to boost national cybersecurity, according to a document seen by Reuters. The ministry, which oversees the police, has become increasingly …
By Anton Bridge, Makiko Yamazaki, Ritsuko Shimizu and Miho Uranaka TOKYO (Reuters) – Private equity giant Carlyle is in talks with Japan’s Makino Milling Machine as a potential white knight buyer to counter a $1.81 billion hostile takeover bid from Nidec, four people familiar with the matter said. The sources declined to be named as …
BEIJING/SHANGHAI (Reuters) – China is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday, a Reuters survey showed, but markets are wagering on more stimulus being rolled out soon in the face of an escalating Sino-U.S. trade war. Policymakers have to walk a tight rope as the yuan has …
China set to leave lending rates steady, but tariffs raise easing bets Read More »
SEOUL (Reuters) -South Korea’s government proposed on Friday a supplementary 12.2 trillion won ($8.60 billion) budget to counter heightening risks to economic growth in the face of a global trade war and domestic political uncertainty. The budget plan comes as South Korea earlier this month prepared support packages for its auto and chip sectors, which …
S.Korea proposes $8.6 billion extra budget to underpin growth amid tariff turmoil Read More »
TOKYO (Reuters) – U.S. President Donald Trump’s desire for a stronger yen against the dollar is almost certain to figure into trade negotiations with Japan underway in Washington, but analysts say any effort to shift the currencies is fraught with risks for both sides. Japan’s chief negotiator, economy minister Ryosei Akazawa, got talks started on …
Why the yen is the wrong gambit in any US-Japan trade dispute Read More »
By Selena Li HONG KONG (Reuters) -Schroders cut about one-sixth of staff at its fully-owned China fund manager, sources with knowledge said, the latest global asset manager to trim operations in the world’s second-largest economy as the group seeks to rein in costs under new CEO Richard Oldfield. Schroder Investment Management China (SIMC), a 100%-owned …
Schroders axes roles at fully-owned China fund unit, sources say Read More »
By David Lawder WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the U.S. and China both have trade grievances, but the world’s two largest economies needed to reduce uncertainty and agree on a fairer, rules-based trading system. Georgieva, speaking at an event in Washington ahead of next week’s IMF and …
IMF sees US-China trade grievances, welcomes India tariff cuts Read More »
