By Hyunjoo Jin SEOUL (Reuters) – Korea Zinc’s top shareholder Young Poong and private equity fund MBK Partners plan to call for an extraordinary shareholder meeting this year seeking approval to appoint their board nominees, a top executive at the fund said, escalating a takeover battle. Run by the Choi family, Korea Zinc has been …
SEOUL (Reuters) – South Korea’s finance minister said the downside risk to the government’s forecast of 2.6% for this year’s economic growth had expanded, the Yonhap news agency reported on Friday. Economic growth is likely to be still higher than the potential growth rate, Minister Choi Sang-mok said in a meeting with reporters in Washington …
South Korea Finance Minister sees downside risk to GDP forecast of 2.6%, Yonhap reports Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s political parties are promising to raise the minimum wage, a step that may win votes in Sunday’s general election but could squeeze the small and midsize firms that form the backbone of the world’s fourth-largest economy. The wage-hike pledges particularly threaten small businesses, which account for two-thirds of jobs …
Japan’s SMEs could be election losers as parties vow wage hikes Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A day of general calm across world markets on Thursday that saw the dollar and U.S. bond yields soften and stocks consolidate bodes well for markets in Asia on Friday as attention focuses on political and economic events in Japan. Voters …
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Thursday optimism over the U.S. economic outlook was broadening but markets remained unstable, offering a mixed view on whether risks to his country’s economy were subsiding. Ueda’s comments on the U.S. economy and markets have come under scrutiny after he recently highlighted …
Bank of Japan cautiously upbeat on US outlook, warns of jittery markets Read More »
By Christopher Bing and A.J. Vicens (Reuters) -An army of Chinese-controlled social media bots is attempting to influence voters in Alabama, Texas and Tennessee, while denigrating U.S. Senator Marco Rubio of Florida, according to new research published on Wednesday by Microsoft. The operation represents a coordinated interference effort against down-ballot races, experts say, in which …
Chinese influence operation targets US down-ballot races, Microsoft says Read More »
By Leika Kihara WASHINGTON (Reuters) -The International Monetary Fund welcomes the Bank of Japan’s decision to raise interest rates in July, but further hikes should proceed at a gradual pace, a senior IMF official said on Thursday. Krishna Srinivasan, the director of the IMF’s Asia and Pacific Department, also said the global lender now expects …
IMF calls on Bank of Japan to hike interest rates at ‘gradual’ pace Read More »
TOKYO (Reuters) – Japanese conglomerate Seven & i Holdings laid out a growth plan on Thursday that focused on its core 7-Eleven convenience stores and avoided any mention of a $47 billion takeover bid from Canada’s Alimentation Couche-Tard. Seven & i held an “investor day” to brief analysts and investors on its plan to hive …
Seven & i makes no mention of $47 billion buyout bid in laying out growth plan Read More »
WASHINGTON (Reuters) – The U.S. government is concerned about China’s use of artificial intelligence to repress its population, spread misinformation and undermine the security of the United States and its allies, White House national security adviser Jake Sullivan said on Thursday. Sullivan told an event at the National Defense University that a new U.S. directive …
LONDON (Reuters) – Global commercial insurance rates fell 1% in the third quarter of 2024, the first quarterly decline recorded in seven years, the Global Insurance Market Index by broker and risk advisor Marsh on Thursday showed. The index tracks the change in rates at renewal across four major commercial insurance product lines, namely property, …
Global commercial insurance rates show first quarterly fall in seven years, Marsh says Read More »
