September 17, 2021 TOKYO (Reuters) – SoftBank Group’s Vision Fund sold 57 million shares in South Korean e-retailer Coupang Inc for about $1.69 billion, according to a U.S. regulatory filing. Vision Fund sold 57 million Coupang shares at $29.685 each, and holds 568.2 million shares of the e-commerce firm following the sale, the filing showed […]
Any Kioxia-Western Digital deal should ensure equal hubs in Japan, U.S. – senior lawmaker
September 17, 2021 By Makiko Yamazaki, Kaori Kaneko and Ritsuko Shimizu TOKYO (Reuters) – Any merger of Japanese chipmaker Kioxia Holdings and U.S. rival Western Digital Corp should ensure critical operations are split equally between the two countries, a senior member of Japan’s ruling party told Reuters. The comments from Akira Amari, a former economy […]
Marketmind: Evergrande worries? Not really
September 17, 2021 A look at the day ahead from Tommy Wilkes. The troubles of over-indebted property giant China Evergrande may have been brewing for a long time but the muted reaction in markets internationally to the dramatic downturn in its fortunes has surprised some. Investors, for now at least, seem to believe the fallout […]
Cricket-Former players back Rohit to replace Kohli as India’s T20 captain
September 17, 2021 NEW DELHI (Reuters) – Opener Rohit Sharma has demonstrated his leadership qualities in the Indian Premier League (IPL) and is an obvious choice to succeed Virat Kohli as India’s Twenty20 captain, according to several former players. Kohli, who has led India across formats, has decided to relinquish Twenty20 captaincy after the 20-overs […]
British real estate agent Foxtons names Nigel Rich as chairman
September 17, 2021 (Reuters) -London-based real estate agent Foxtons Group said on Friday industry veteran Nigel Rich will replace Ian Barlow as its chairman, effective Oct. 1. Rich, a former chairman of estate agent Hamptons International and warehouse operator Segro, is taking over the role at Foxtons after Barlow said earlier this year he would […]
Factbox-Key economic policy stances of Japan’s next PM candidates
September 17, 2021 (Reuters) -Candidates to become Japan’s next prime minister officially launched their campaigns on Friday, with popular vaccine minister Taro Kono expected to be the top contender to replace Yoshihide Suga. Below are key economic policy stances of the candidates running in the ruling party’s leadership race: TARO KONO Having served as minister […]
Malaysia’s Top Glove quarterly earnings plunge 48% on slower sales
September 17, 2021 KUALA LUMPUR (Reuters) – Malaysia’s Top Glove Corp Bhd posted on Friday a 48% drop in its fourth-quarter earnings as the steady rollout of vaccines worldwide pulled down the demand for gloves. The world’s largest medical glove maker recorded a net profit of 607.9 million ringgit ($145.88 million) during June-August, compared with […]
BOJ tankan to show manufacturers’ Q3 mood down slightly from Q2
September 17, 2021 (Corrects typographical error in paragraph 8) TOKYO (Reuters) – Business confidence among Japan’s large manufacturers likely slipped in the third quarter as the highly contagious COVID-19 Delta variant hit corporate and consumer activity, the central bank’s closely watched Tankan survey is expected to show. Other data is expected to show nationwide core […]
Supply fears lead EU vaccine industry to seek home comforts
September 17, 2021 By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – European companies playing key supporting roles in COVID-19 vaccine manufacturing are working to move production and supply chains closer to their customers to guard against trade restrictions that have interrupted supplies during the pandemic. Germany’s Merck KGaA, whose Life Science unit is one […]
Martin Sorrell’s S4 Capital acquires tech services group Zemoga
September 17, 2021 LONDON (Reuters) -Martin Sorrell’s S4 Capital has struck a deal to buy Zemoga, a technology services company that provides a new route for the rapidly growing digital advertising group to win work from multinational clients. Sorrell, the founder of WPP, has turned S4 into a $6 billion company in the three years […]
India tells China border troop pullback needed for better ties
September 17, 2021 By Sanjeev Miglani NEW DELHI (Reuters) -India has told China that their bilateral relations will only develop when both countries pull their troops back from a confrontation on their disputed Himalayan border, the Indian foreign minister said. Subrahmanyam Jaishankar discussed the possibility of both sides when he met his Chinese counterpart, Wang […]
Google, Apple remove Navalny app from stores as Russian elections begin
September 17, 2021 MOSCOW (Reuters) – Alphabet’s Google and Apple have removed jailed Kremlin critic Alexei Navalny’s tactical voting app from their stores, his team said on Friday, after Russia accused the U.S. tech firms of meddling in its internal affairs. Russia goes to the polls on Friday to elect a new parliament in a […]
Pandemic-hit Qantas weighs new pay structure to keep key executives
September 17, 2021 SYDNEY (Reuters) – Qantas Airways Ltd said on Friday it was considering new ways to structure pay to ensure it could retain key executives as it enters the third financial year affected by the pandemic-driven slowdown in travel. Qantas Chairman Richard Goyder said executives had faced a high workload with no annual […]
Biocon Biologics to offer 15% stake to Serum Institute unit for access to vaccines
September 17, 2021 BENGALURU (Reuters) – Biocon Biologics, a unit of drugmaker Biocon Ltd, said late on Thursday it would offer a stake of about 15% to Serum Institute Life Sciences for access to 100 million doses of vaccines annually for 15 years, including COVID-19 shots. The deal with the unit of Serum Institute of […]
With progress in creditor talks, Malaysia’s AirAsia X targets end-Oct meetings
September 17, 2021 By Liz Lee KUALA LUMPUR (Reuters) – Malaysia’s AirAsia X Bhd (AAX) has made “substantial progress” in its months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said. CEO Benyamin Ismail told Reuters in a […]
Exclusive: Tougher EU airport slot rules trigger Asia retaliation threat, risk industry trade war
September 17, 2021 By Jamie Freed (Reuters) – Regulators in Asian hubs like Singapore and Hong Kong have threatened to retaliate against European Union plans to force airlines to start using take-off and landing slots frozen during the coronavirus pandemic, a move that could oblige Europe’s carriers to fly empty seats for thousands of miles […]
With tighter grip, Beijing sends message to Hong Kong tycoons: fall in line
September 17, 2021 By Clare Jim and Farah Master HONG KONG (Reuters) – As Beijing seeks to tighten its grip over Hong Kong, it has a new mandate for the city’s powerful property tycoons: pour resources and influence into backing Beijing’s interests, and help solve a potentially destabilising housing shortage. Chinese officials delivered the message […]
Indonesia’s demographic dividend threatened by lengthy COVID-19 school closures
September 17, 2021 By Tom Allard and Wayan Sukarda JAKARTA/DENPASAR (Reuters) – Ni Kadek Suriani was looking forward to starting her second year of junior high school last year, before the coronavirus pandemic hit. Then her parents lost their jobs and she was forced to help scratch a living on Indonesia’s holiday island of Bali. […]
Over 60 S.Korean crypto exchanges set to suspend services next week
September 17, 2021 SEOUL (Reuters) – More than 60 cryptocurrency exchanges in South Korea must notify customers of a partial or full suspension of trading by Friday midnight, a week before a new regulation comes into effect. To continue operating, exchanges must register with the Financial Intelligence Unit by Sept. 24, providing a security certificate […]
Taiwan calls for quick start to trade talks with EU
September 17, 2021 TAIPEI (Reuters) – Taiwan’s government called on the European Union to quickly begin trade talks after the bloc pledged to seek a trade deal with the tech-heavyweight island, something Taipei has long angled for. The EU included Taiwan on its list of trade partners for a potential bilateral investment agreement in 2015, […]
