By Anton Bridge TOKYO (Reuters) -Shares of Japan’s Kadokawa fell by their daily limit on Friday after the media powerhouse behind the “Elden Ring” game announced a capital tie-up with Sony Group instead of a widely anticipated acquisition. The two companies said on Thursday that Sony would invest about 50 billion yen ($317 million) in …
Kadokawa shares sink as Sony settles for buying stake, not whole firm Read More »
(Reuters) – A takeover bid for Malaysia Airports Holdings by a consortium comprising the country’s sovereign wealth fund and BlackRock’s Global Infrastructure Partners was deemed as viable for shareholders by the deal’s financial adviser on Friday. “HLIB is of the view that the offer is ‘not fair’ but ‘reasonable’,” according to deal adviser Hong Leong …
Malaysia Airports $4 billion takeover offer ‘reasonable’, deal adviser says Read More »
(Reuters) -Taiwan’s Foxconn is pausing its interest in Nissan Motor as the Japanese automaker explores a potential merger with Honda Motor, Bloomberg News reported on Friday, citing people familiar with the matter. Foxconn’s decision comes after it sent a delegation to meet with Nissan’s biggest shareholder Renault in France, the report said. Nissan and Foxconn …
Foxconn interest in Nissan on hold amid Honda merger talks, Bloomberg reports Read More »
By Dan Burns and Howard Schneider WASHINGTON (Reuters) -The imminent arrival of Donald Trump in the White House was already shaping global economic policy-making this week as the U.S. Federal Reserve flagged fewer rate cuts and other leading central banks signalled caution over their rate paths. The Fed cut rates as expected on Wednesday but …
Global central banks urge caution before Trump arrival Read More »
By Nick Carey VODERADY, Slovakia (Reuters) – Northvolt’s financial collapse has not entirely crushed Europe’s dream of developing its own electric vehicle batteries but fulfilling it is likely to require Chinese cash and expertise. InoBat CEO Marian Bocek’s Slovakian start-up had to work hard to secure funding until China’s fifth-largest battery maker Gotion bought a …
After Northvolt, Europe’s battery hopes rely heavily on China Read More »
By Joe Cash BEIJING (Reuters) – Britain’s finance minister Rachel Reeves will visit China for two days in January to revive high-level economic and financial talks that have been frozen since 2019, three people with knowledge of the plan said. Reeves is scheduled to meet China’s vice premier He Lifeng, the country’s economy tsar, on …
TOKYO (Reuters) – Japan’s government said on Friday that the economy was recovering moderately in December but warned of risks ahead, such as higher interest rates overseas and policies in the United States. Among key economic areas, the government cut its assessment on corporate profits for the first time since March 2023 as the pace …
Japan says overall economy recovering, cuts view on corporate profits Read More »
BEIJING (Reuters) – China’s milk supply will continue to be in excess in the first half of 2025, but will normalise in the second half of the year following efforts to regulate production, the agriculture ministry said in a statement on Friday. The world’s third largest milk producer is awash with unwanted milk as falling …
China’s milk oversupply to persist in first half of 2025, says agri ministry Read More »
Fast-growing insurtech Bolttech is expected to raise more than $100mn through a Series C fundraise led by Dragon Fund, by Liquidity and MUFG, alongside investors Baillie Gifford and Generali, through its private equity arm Lion River. After Bolttech’s record-breaking Series A and B rounds, the Series C up-round values the Singapore-based company at $2.1bn, with …
Bolttech to secure $2.1bn valuation after $100mn+ Dragon Fund-led Series C Read More »
TAIPEI (Reuters) – Taiwan export orders grew more slowly than expected in November as weaker shipment for smartphones offset strong demand for artificial intelligence technology amid softness from China. Export orders rose 3.3% last month to $52.27 billion from a year earlier, the economy ministry said on Friday. That lagged the 6.3% gain forecast in …
Taiwan’s November export orders miss expectations, China drags Read More »
