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Cricket-Coca-Cola looks to bowl out Pepsi in Champions Trophy marketing contest

20 Feb 2025

By Ariba Shahid KARACHI (Reuters) – Coca-Cola is attempting to capitalise on Pakistan hosting its biggest cricket event in nearly 30 years, and steal the spotlight away from the host nation’s official team sponsor Pepsi, by tapping into the country’s love of ‘tape-ball cricket’. International fixtures were halted in Pakistan after a 2009 attack on …

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Nippon Life increases foreign bond buying on Trump impact

20 Feb 2025

By Tomo Uetake and Brigid Riley TOKYO (Reuters) – Japan’s largest private life insurer, Nippon Life Insurance, has bought more foreign bonds since October and may keep buying them this year, given the impact of U.S. President Donald Trump, the firm’s top investment officer said. In an investment strategy update outlined in mid-October, the life …

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Japan’s Murata eyeing large-scale M&A to drive growth, CEO says

20 Feb 2025

By Ritsuko Shimizu KYOTO, Japan (Reuters) – Japan’s Murata Manufacturing is considering deals of more than 100 billion yen ($665 million) to drive growth, the smartphone component supplier’s CEO said on Thursday. Murata is looking at areas such as inductors and sensors, and overseas targets are also a possibility as the company seeks to boost …

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Indonesia central bank to expand support for government’s housing programme

20 Feb 2025

JAKARTA (Reuters) – Indonesia’s central bank will support the government’s affordable housing programme through purchases of bonds in the secondary market, Governor Perry Warjiyo told reporters on Thursday night. He did not explain how any purchase in the secondary market could provide any funding for the government. Spokespeople for Bank Indonesia (BI) and the finance …

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Chinese premier promises targeted measures to boost consumption

20 Feb 2025

BEIJING (Reuters) – China will direct more efforts to boosting consumption and lifting people’s livelihoods, Premier Li Qiang said on Thursday, vowing to adopt more targeted measures to stimulate consumer spending. His comments, reported by state media, come as the world’s second-largest economy faces a property crisis and the possibility of more U.S. tariff hikes, …

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Singapore Land JV, China Jinmao wins Shanghai residential bid for $1.23 billion

20 Feb 2025

(Reuters) – A joint venture between Singapore Land, UOL Group among others and China Jinmao Holdings has won the bid for the development of a residential site in Shanghai, the Singapore-listed companies said on Thursday. The parties won the bid from the Shanghai Municipal Bureau of Planning and Natural Resources for a tender price of …

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China’s central bank pledges financial support for private economy

20 Feb 2025

BEIJING (Reuters) – China’s central bank vowed on Thursday to provide strong financial support for the healthy development of private economy and the growth of private enterprises. The People’s Bank of China will further smooth the channels for stock, bond and loan financing for private enterprises, it said in a meeting readout. The meeting was …

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Malaysia says ASEAN plans U.S summit to discuss tariff concerns

20 Feb 2025

KUALA LUMPUR (Reuters) – The Southeast Asian bloc ASEAN plans to hold a summit with the United States so its member countries can present their views on planned U.S. tariffs, Malaysia’s Foreign Minister said on Thursday. U.S. President Donald Trump has said he will impose tariffs of around 25% on automotive, semiconductor and pharmaceutical imports. …

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Singapore’s Wilmar misses full-year profit view, flags palm oil refining headwinds

20 Feb 2025

(Reuters) – Singaporean food conglomerate Wilmar International reported a bigger-than-expected fall in full-year core net profit on Thursday and flagged challenging conditions for its palm oil refining segment in fiscal 2025. The company, one of the world’s largest food producers, reported a 23.3% decline in core net profit at $1.16 billion for the twelve months …

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Singapore Airlines reports record quarterly revenue

20 Feb 2025

(Reuters) – Singapore Airlines on Thursday reported a record quarterly revenue stemming from robust demand for air travel at the end of last year, but said its capacity expansion outstripped passenger growth, putting downward pressure on air fares. Despite tough competition in the region as Asian airlines continue to add back capacity after the pandemic, …

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