Updated

ViacomCBS teams up with ‘Parasite’ distributor to make Paramount+ Asia debut

7 Dec 2021

By Helen Coster (Reuters) -ViacomCBS Inc and Seoul-based CJ ENM, the distributor of Oscar winning movie “Parasite”, have signed a content partnership agreement, the companies said on Tuesday, marking the Asia debut for the U.S. company’s Paramount+ streaming service. The partnership will include co-productions for original series and films, content licensing and distribution across ViacomCBS’ …

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Samsung names new CEOs, to merge mobile, consumer electronics units

7 Dec 2021

By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its structure and focus on the logic chip business. Two co-chief executives, instead of three, will lead the South Korean …

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Zambia may seek longer to repay debts, finance minister says

7 Dec 2021

LUSAKA (Reuters) -Zambia may seek talks with creditors to extend its debt repayments after reaching a preliminary deal with the International Monetary Fund (IMF) for a $1.4 billion facility, Finance Minister Situmbeko Musokotwane said on Tuesday. Zambia, one of the world’s largest copper producers, became Africa’s first COVID-era sovereign defaulter in November 2020 after years …

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Enbridge raises dividend, plans share buybacks as profit set to rise

7 Dec 2021

(Reuters) -Enbridge Inc on Tuesday raised its dividend and announced plans to buyback shares, as the Canadian pipeline operator forecast higher core earnings in 2022 on rising demand for oil and gas. Energy stocks have bounced back this year as investors are rewarding companies that are disciplined with their capital and as many North American …

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UK’s Paragon Banking to offer lower mortgage rates for eco-friendly homes

7 Dec 2021

By Sinchita Mitra (Reuters) – Britain’s Paragon Banking has started offering homeowners lower-priced mortgages if they plan to buy eco-friendly properties or are upgrading their current homes, Chief Executive Officer Nigel Terrington said on Tuesday. Terrington detailed the lender’s plans on expanding its “green mortgage” offerings after Paragon posted a record annual profit. London-listed Paragon …

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Japan to provide $2.8 billion worth of aid for better nutrition -PM Kishida

7 Dec 2021

TOKYO (Reuters) -Japan will provide aid worth more than $2.8 billion in next three years aimed at combatting malnutrition exacerbated by the coronavirus pandemic, Prime Minister Fumio Kishida told an online summit on nutrition for growth on Tuesday. The event, hosted by Japan and participated in by more than 80 countries and agencies, comes when …

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