By Kantaro Komiya and Rocky Swift TOKYO (Reuters) -Japanese manufacturing giant Nidec said on Friday it planned to launch a 257 billion yen ($1.6 billion) bid for Makino Milling Machine, a surprise unsolicited takeover offer in a country better known for agreed deals. Nidec said Makino’s board had not agreed to the 11,000 yen per …
Japan’s Nidec takes aim at Makino Milling with $1.6 billion unsolicited bid Read More »
(Reuters) – Indian billionaire Sajjan Jindal-led JSW Energy said on Friday its JSW Neo Energy unit will acquire renewable energy platform O2 Power’s subsidiaries in a deal worth $1.47 billion. The acquisition aligns with JSW Energy’s target of achieving 20 GW renewable-led capacity before fiscal 2030 amid a strong government push for higher clean energy …
India’s JSW Energy to buy Temasek-backed O2 Power’s units for $1.47 billion Read More »
By Mei Mei Chu BEIJING (Reuters) -China will launch an investigation into beef imports, the commerce ministry said on Friday, as the world’s biggest meat importer and consumer grapples with an oversupplied market that has sent domestic prices to multi-year lows. Any trade measures to try to reduce beef imports would hit China’s largest suppliers, …
China investigates beef imports as oversupply squeezes prices Read More »
MOSCOW (Reuters) – A Russian court on Friday fined TikTok three million roubles ($28,929.60) after finding it guilty of failing to abide by Russian legal restrictions on distributing certain kinds of information, the Moscow courts’ press service said. It did not specify the nature of the complaint against TikTok. ($1 = 103.7000 roubles) (Reporting by …
Russia fines TikTok 3 million roubles over legal violations, court says Read More »
(Reuters) -Shell has shut down an oil processing unit at its Pulau Bukom facility to investigate a suspected leak, Singapore’s Maritime and Port Authority (MPA) and National Environment Agency (NEA) said on Friday. The oil company estimates that a few tonnes of refined oil products, along with cooling water discharge used in the refining process, …
By Chang-Ran Kim TOKYO (Reuters) -Osamu Suzuki, an ingenious pennypincher who led Japan’s Suzuki Motor for more than four decades and played a key role in turning India into a flourishing auto market, has died aged 94. He died on Christmas Day of lymphoma, said the company, which he steered ambitiously, during his time as …
Osamu Suzuki, who led Japanese automaker into India, dies at 94 Read More »
BANGKOK (Reuters) -Thailand will implement a global minimum corporate tax of 15% on multinational enterprises from Jan. 1, 2025, the finance ministry said on Friday. The ministry said the “top-up tax” would be levied at the globally agreed minimum tax rate, in alignment with the Global Minimum Tax framework which seeks to set a floor …
Thailand to implement global minimum corporate tax rate from Jan 1 Read More »
BEIJING (Reuters) – Chinese authorities on Friday called for increased financial support to stabilise key agricultural products, including grain, as part of broader efforts to ensure food security for China’s 1.4 billion population. The government pledged to strengthen the use of monetary policy tools such as relending and rediscount facilities, and reserve requirement ratio, to …
China boosts financial support in agriculture to strengthen food security Read More »
By Anton Bridge and Miho Uranaka TOKYO (Reuters) – Sumitomo Mitsui Financial Group’s CEO said the firm may make more than 1.2 trillion yen ($7.65 billion) net profit in the year from next April, as a resurgent Japanese banking sector cashes in on efforts to diversify income sources abroad alongside interest rate normalisation. The forecast …
Japan’s SMFG expects more than $7.65 billion net profit in FY 2025 Read More »
SHANGHAI (Reuters) – China’s Jinjiang Group is in the spotlight after Brazil’s labour authorities said workers at a factory it is building for electric vehicle maker BYD were victims of human trafficking working in “slavery-like conditions”. Jinjiang has rejected the claim about workers in slavery-like conditions and not responded to a request for comment on …
Factbox-What is China’s Jinjiang, the BYD contractor under fire in Brazil? Read More »
