By Kane Wu, Makiko Yamazaki and Anton Bridge TOKYO/HONG KONG (Reuters) -Fuji Soft founder and shareholder Hiroshi Nozawa said in a letter to the company, seen by Reuters, that he supports U.S. buyout fund Bain Capital’s takeover bid for the Japanese software developer. Bain made a binding offer on Oct. 11 to buy Fuji Soft …
Fuji Soft founder backs buyout by Bain over KKR offer, letter says Read More »
BEIJING (Reuters) – China’s industrial output in September grew 5.4% from a year earlier, up from a 4.5% pace in August, providing some encouragement to policymakers as they step up efforts to revive a sluggish economy as the year-end draws closer. The official data from the National Bureau of Statistics (NBS) on Friday beat expectations …
China September industrial output rises 5.4%, beating expectations Read More »
BEIJING (Reuters) – Property investment in China fell 10.1% in the first nine months of 2024 from a year earlier, after dropping 10.2% in January-August, National Bureau of Statistics (NBS) data showed on Friday. Property sales by floor area in January-September fell 17.1% from a year earlier, compared with a 18.0% slump in January-August. New …
China’s property investment falls 10.1% y/y in Jan-Sept Read More »
BEIJING (Reuters) – China’s economy expanded 4.6% in the third quarter from a year earlier, official data showed on Friday, slightly beating analysts’ expectations, maintaining pressure on policymakers as they consider more stimulus measures. Economists polled by Reuters had expected third-quarter gross domestic product to have grown 4.5% from a year earlier, slowing from 4.7% …
China’s Q3 GDP grows 4.6% y/y, slightly above economists’ estimate Read More »
(Reuters) – Philippine conglomerate Ayala Corp is selling half of its stake in Mynt, the fintech unicorn which operates e-wallet brand GCash, to Japan’s Mitsubishi Corp for a minimum of 18.4 billion pesos ($318.89 million), it said on Friday. The Japanese conglomerate will acquire the stake by buying 50% of Ayala-owned AC Ventures, the Philippine …
Mitsubishi acquires half of Ayala’s stake in fintech unicorn Mynt Read More »
TAIPEI (Reuters) – Taiwanese chipmaker TSMC said on Friday that it was a law abiding company and committed to complying with laws and regulations, including export controls, following a media report the U.S. government was probing their dealings with China’s Huawei. “If we have any reason to believe there are potential issues, we will take …
TSMC says it is a law abiding company, after report of US probe Read More »
By Rishav Chatterjee (Reuters) -Australian troubled casino operator Star Entertainment reversed its course to drop on Friday as trading resumed a day after New South Wales gaming regulator said the embattled firm would be able to keep its Sydney casino open. The New South Wales Independent Casino Commission on Thursday decided not to revoke the …
Star Entertainment reverses course a day after Sydney casino relief Read More »
By Andrea Shalal WASHINGTON (Reuters) – The United States will use restrictive tools like tariffs to push back against China’s practice of making far more goods than it needs in order to dominate global markets, White House official Daleep Singh said on Thursday. Singh, deputy national security adviser for international economics, said the Asian giant …
White House warns China using overproduction for global dominance Read More »
(Reuters) -China-based autonomous driving firm Pony AI, backed by automaker Toyota, filed for an initial public offering in the U.S. on Thursday, in another sign of growing investor interest in new listings and easing regulatory pressures. Activity in the IPO market has picked up pace in recent weeks, buoyed by the U.S. Federal Reserve kicking off …
By Echo Wang NEW YORK (Reuters) -Blackstone beat Wall Street’s expectations on its key quarterly earnings metric on Thursday, as the world’s largest alternative investment firm’s assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose. New York-based Blackstone said it saw $41 billion of inflows during the third …
Blackstone tops profit estimate as its assets hit record, dealmaking picks up Read More »
