By Selena Li and Kane Wu HONG KONG (Reuters) – Apollo Global Management plans to expand in Japan and add staff to its Asia wealth business, its regional top executive said, as global investment firms pump more resources into the region to capitalise on a surge in deals and assets. The New York-based asset manager …
Apollo to boost staffing for Japan and Asia wealth, top regional exec says Read More »
TOKYO (Reuters) – Japan’s inflation-adjusted real wages fell for the fourth straight month in November weighed down by higher prices even as base pay grew at the fastest pace in more than three decades, government data showed on Thursday. The Bank of Japan considers various risks in deciding the timing for raising interest rates and …
Japan Nov real wages fall for 4th straight month as inflation weighs Read More »
By Summer Zhen and Jiaxing Li HONG KONG (Reuters) – Chinese investors are buying up large amounts of Hong Kong mutual fund products that invest overseas, particularly in bonds, after authorities expanded a cross-border trading channel this month and opened an avenue to get better yields. Several mutual funds that are registered in Hong Kong …
Chinese money rushes offshore via Hong Kong mutual funds Read More »
BEIJING (Reuters) – China will accelerate the breeding of new soybean and corn varieties and prioritize yield improvements for key grains and oil crops, as part of broad efforts to ensure food security, the agriculture ministry said in a statement late on Wednesday. The focus will be on five key crops – corn, rice, wheat, …
China accelerates efforts to boost crop yields, ensure food security Read More »
BANGKOK ((Reuters)) – Thailand’s central bank is expected to cut rates twice, totalling 50 basis points this year starting in the second quarter this year, the Bond Market Association said on Thursday. Thai corporate bond issuance this year was seen at 850 billion baht to 900 billion baht ($24.55 billion to $25.99 billion), the group …
Thai central bank seen cutting key rate by 50 bps in 2025, bond market group says Read More »
BEIJING (Reuters) -China’s consumer prices barely rose in 2024 while factory-gate prices extended into a second straight year of declines, official data showed on Thursday, weighed by persistently weak domestic demand. A combination of job insecurity, a prolonged housing downturn, debt and tariff threats from the incoming administration of U.S. President-elect Donald Trump has hit …
China’s consumer prices stall in 2024 on feeble demand Read More »
By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australian retail sales had the biggest increase in 10 months in November as Black Friday discounting drew cost-conscious shoppers, but the rise missed forecasts suggesting the boost poses no impediment to rate cuts. Analysts suspect the extra demand was just brought forward from Christmas, with markets still …
Australia retailers get Black Friday boost, but no bar posed to rate cut Read More »
(Reuters) -Japanese technology investor SoftBank Group and its majority-owned Arm Holdings are exploring a deal for Oracle-backed semiconductor firm Ampere Computing, a person familiar with the matter said on Wednesday. Ampere has drawn interest from Arm while exploring its strategic options, the person said, adding that the talks could still not eventually materialise. The news …
SoftBank and Arm weigh acquiring Ampere Computing, source says Read More »
By David Lawder WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel’s planned acquisition of U.S. Steel received a “thorough analysis” by an interagency review body that was sent to President Joe Biden, who blocked the deal on national security grounds. Yellen, in a live interview on CNBC, said she could …
Yellen says CFIUS made thorough analysis of blocked US Steel-Nippon Steel merger Read More »
BEIJING (Reuters) – China’s foreign ministry said on Wednesday it was not aware of Shandong Port Group’s decision to ban U.S.-sanctioned vessels from its network of east coast harbours. The group oversees several major terminals in the province of Shandong, which is the main entry point for Iranian, Russian and Venezuelan oil imported into China. …
China foreign ministry not aware of Shandong Port Group ban on US-sanctioned ships Read More »
