Reuters Asia Business

Japan’s Sumitomo unit to buy Macquarie’s helicopter leasing arm

10 Mar 2025

(Reuters) -Sumitomo Mitsui Finance and Leasing (SMFL) said on Monday its joint venture will acquire Macquarie Rotorcraft, the UK-based helicopter leasing business of financial giant Macquarie’s asset management arm. SMFL LCI Helicopters, SMFL’s helicopter-leasing joint venture with LCI Investment, will buy the Macquarie unit which has a fleet of about 120 leased aircraft. The companies …

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China says fees on ships linked to it will not revitalise US industry

10 Mar 2025

BEIJING (Reuters) – A plan by the United States to levy fees on China-linked ships will hurt global supply and industrial chains and undermine the interests of U.S. companies, China’s foreign ministry said on Monday. The move will not revitalise the U.S. shipbuilding industry, a ministry spokesperson told a regular press briefing, adding that China …

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Japan’s service-sector mood sours on rising cost of living

10 Mar 2025

TOKYO (Reuters) – Japan’s service-sector sentiment worsened in February for the second straight month, a government survey showed on Monday, a sign the rising cost of living was weighing on consumption. An index measuring sentiment among service-sector firms, like taxi drivers and restaurants, stood at 45.6 in February, down 3.0 points from January and hitting …

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JX Advanced Metals raises $2.97 billion after setting IPO at upper end of marketed range

10 Mar 2025

TOKYO (Reuters) – JX Advanced Metals, a wholly owned unit of Japan’s Eneos Holdings, has raised 438.6 billion yen ($2.97 billion) through an initial public offering after its shares were priced at the upper end of their marketed range, according to a filing on Monday. The company priced its initial public offering at 820 yen …

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Over $13 billion in solar, wind investment at risk in Vietnam, industry letter says

10 Mar 2025

By Francesco Guarascio HANOI (Reuters) – More than two dozen foreign and Vietnamese investors, including Adani Green Energy, have warned Vietnam’s plans to retroactively change rules on subsidised prices for wind and solar energy could affect more than $13 billion of investments. In a letter to Vietnamese leaders dated March 5 and reviewed by Reuters, …

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Malaysia palm oil stocks hit nearly 2-year low in Feb as output drops

10 Mar 2025

By Ashley Tang and Rajendra Jadhav KUALA LUMPUR (Reuters) -Malaysia’s palm oil stocks fell for a fifth month in February to their lowest in 22 months as production declined, outweighing a reduction in exports, data from the industry regulator showed on Monday. The drop in stocks in the world’s second-largest palm oil producer after Indonesia …

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AirAsia owner Capital A says $226 million private placement is ‘done’

10 Mar 2025

KUALA LUMPUR (Reuters) – A private placement to raise 1 billion ringgit ($226 million) by Malaysia’s Capital A, owner of budget airline AirAsia, was “done”, Group CEO Tony Fernandes said on Monday, as the company edges closer to completing a reorganisation plan. “We have a 1 billion (ringgit) placement, where there has been various stories, …

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