By Leika Kihara TOKYO (Reuters) -Japan’s core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates. The data, which came in the wake of the Bank of Japan’s decision to maintain interest rates at 0.25% on Thursday, highlights …
Japan’s core inflation accelerates, keeps BOJ rate-hike chance alive Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday. The Series C funding round valued the company at $2.1 billion and the investment …
Singapore’s bolttech, valued at $2.1 billion, raises over $100 million Read More »
By Karl Plume CHICAGO (Reuters) – China’s Sinograin has bought nearly 500,000 metric tons of U.S. soybeans this week for shipment in March and April, paying more for U.S. supplies for state reserves rather than buying cheaper Brazilian beans, two U.S. traders familiar with the deals said. China is the world’s top soy buyer and …
Exclusive-China’s state importer books US soy purchases as tariff threat looms Read More »
(Reuters) -The U.S. Department of Commerce has recently asked Nvidia to look into how the company’s products ended up in China over the past year, The Information reported on Thursday, citing a person close to the department. The chip giant has asked big distributors such as Super Micro Computer and Dell Technologies to conduct spot …
US prompts Nvidia probe into how chips ended up in China, The Information reports Read More »
(Reuters) – Australian conglomerate Wesfarmers on Friday said it would sell its industrial gas supply arm, Coregas, to Japanese multinational firm Nippon Sanso for A$770 million ($480.33 million). Wesfarmers expects to report a pre-tax profit of around A$230 million to A$260 million from the deal. Coregas distributes industrial, medical and specialty gases in cylinders and …
Wesfarmers to sell Coregas to Japan’s Nippon Sanso for $480 million Read More »
By Kantaro Komiya and Yoshifumi Takemoto TOKYO (Reuters) -Some unions are born of necessity, others from convenience. In the case of Honda and Nissan’s potential merger, it is mostly defensive as Chinese rivals take the world by storm. While the challenge from China’s seemingly boundless EV expertise looms large for all traditional automakers, for Japan …
Behind a potential Honda and Nissan tie-up, the existential threat posed by Chinese EVs Read More »
By Nimesh Vora and Ankur Banerjee MUMBAI/SINGAPORE (Reuters) -Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president Donald …
Fed’s hawkish tilt has emerging markets scurrying to save currencies Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. As the dust settles on a remarkable 24 hours of central bank activity, investors in Asia round off the last full trading week of the year hoping for some respite from the global market selloff sparked by the Fed’s ‘hawkish cut’ …
Morning Bid: Seeking respite from Fed; PBOC set to hold the line Read More »
(Reuters) – Australia’s Champion Iron said on Thursday Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company’s Kami project in Canada for C$245 million ($170.41 million). Nippon and Sojitz will hold a 30% and 19% stake respectively in the iron ore project in Canada’s northeast, and share development …
Nippon Steel, Sojitz to take 49% stake in Champion Iron’s Canada project (Dec. 19) Read More »
By Polina Devitt and Amy Lv LONDON/BEIJING (Reuters) – Chinese conglomerate Xiamen C&D and Russia’s Nornickel are in talks to create a joint venture in China to process Nornickel’s copper raw material into metal, two sources with knowledge of the matter told Reuters. Nornickel has struggled to import equipment to sanctions-hit Russia, where it produces …
Exclusive-Nornickel in talks with Xiamen C&D to shift copper smelting to China Read More »
