(Reuters) -Singapore-based Olam Group said on Friday that Saudi Agricultural and Livestock Investment (SALIC) had made an offer to buy its remaining stake in Olam Agri. The offer comes almost two years after the group completed the sale of a 35.43% stake in Olam Agri to SALIC for $1.24 billion in December 2022. The transaction …
Singapore’s Olam receives buyout offer for agri unit amid IPO delays Read More »
By Kitiphong Thaichareon BANGKOK (Reuters) – Thailand is planning measures to tackle household debt including a suspension of interest and reduced principal payments on some bad debts, the finance minister said on Friday. Under the proposals, borrowers with debts that are overdue by between one and 12 months would receive a suspension of interest for …
Thai Finance Minister says plans debt relief measures, seeks to ease mortgage rules Read More »
By Satoshi Sugiyama TOKYO (Reuters) – Japan’s economy is expected to have slowed sharply in the third quarter hurt by sluggish consumption and capital spending, a Reuters poll showed, which could complicate the central bank’s plans to hike rates further. Japan’s inflation-adjusted gross domestic product (GDP) is forecast to have risen an annualised 0.7% in …
Japan’s economic growth likely cooled sharply in Q3 in test for BOJ policy: Reuters poll Read More »
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s October headline and core inflation rates came in slightly above expectations, official data showed on Friday, but they remain relatively low and reinforce analysts’ views that the central bank has room for further monetary easing. Bank Indonesia (BI) cut interest rates in September and its governor …
Indonesia’s inflation slightly above forecast, more rate cuts seen Read More »
By Katya Golubkova TOKYO (Reuters) -Japanese trading house Marubeni forecast on Friday an increase in cash flow for the fiscal year ending in March, allowing for additional shareholder distributions and spending on new investments. The company expects its core operating cash flow to increase by 10 billion yen ($66 million) to 580 billion yen, divestments …
Japan’s Marubeni considers fresh shareholder distributions on healthy cash flow Read More »
By Florence Tan and Siyi Liu SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may cut prices for most of the crude grades it sells to Asia in December, tracking weakness in Middle East benchmark Dubai, trade sources said. Price cuts for Saudi oil would signal weak demand and provide more evidence for the Organization …
Saudi Arabia may cut December oil prices for Asia, sources say Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s export growth slowed to a seven-month low in October, below market expectations, in a sign that cooling global demand and U.S. election uncertainty are undermining the economy. Exports from Asia’s fourth-largest economy rose 4.6% from a year earlier to $57.52 billion, the smallest increase since March and a …
S.Korea export growth hits 7-mth low amid US election uncertainty Read More »
By Leika Kihara TOKYO (Reuters) – Asia’s manufacturing activity stagnated in October as a rebound in China failed to give much of a boost to regional factories, private surveys showed, a discouraging sign for policymakers bracing for a potential escalation of U.S.-China trade tensions. The readings come as the International Monetary Fund (IMF) warned of …
Asia’s factory activity stagnates, taking shine off rebound in China Read More »
By Leika Kihara TOKYO (Reuters) -Risks to Asia’s economy have increased from escalating trade tensions, China’s property sector woes and the potential for further market turbulence, the International Monetary Fund (IMF) said on Friday. Persistent downward price pressures from China can “provoke trade tensions” by hurting sectors in neighbouring countries with similar export structures, the …
IMF warns of risks to Asia’s economy as trade tensions, soft China growth bite Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Tokyo’s high court has ruled the fair value of FamilyMart shares was 13% higher than Itochu’s buyout offer, in another landmark win for minority shareholders with implications for future deals in Japan. The ruling, dated Oct. 31 and reviewed by Reuters, said FamilyMart shareholders that petitioned …
Ex-FamilyMart minority shareholders secure another landmark win over Itochu buyout Read More »
