Reuters Asia Business

SHANGHAI (Reuters) -China’s central bank conducted its first operations on Monday under a swap facility designed to bolster the stock market, exchanging assets worth 50 billion yuan ($7 billion) with brokerages, fund companies and insurers. The People’s Bank of China (PBOC) said 20 institutions participated in the swap operations with a fee rate of 20 …

China central bank conducts first operations under swap facility to bolster stock market Read More »

(Reuters) -China’s state-owned CITIC Ltd has agreed to sell its 19.23% stake in the company that operates fast-food chain McDonald’s across China and Hong Kong for $430.3 million, fully exiting the business. It will sell the stake in Fast Food Holdings to a unit of Chinese private equity firm Trustar Capital Partners, CITIC said in …

CITIC to sell stake in McDonald’s China, HK operations for $430.3 million Read More »

By Anton Bridge TOKYO (Reuters) – U.S. investment firm KKR has extended by 10 working days the first stage of its tender to take Japanese IT services firm Fuji Soft private, it said in a filing on Monday. The extension comes after Bain Capital made a rival proposal to buy all the shares of Fuji …

KKR extends tender period for Fuji Soft to November Read More »

By David Shepardson WASHINGTON (Reuters) -China-based DJI sued the U.S. Defense Department on Friday for adding the drone maker to a list of companies allegedly working with Beijing’s military, saying the designation is wrong and has caused the company significant financial harm. DJI, the world’s largest drone manufacturer that sells more than half of all …

Dronemaker DJI sues Pentagon over Chinese military listing Read More »

BEIJING (Reuters) -Iron ore futures rose on Monday as near-term demand remained firm and the latest rate cut in top consumer China lifted sentiment, but gains were capped by caution on exactly how much boost the steel market would receive. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade …

Iron ore gains on firm near-term demand, more China rate cuts Read More »