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  • exclusive-bidders-weigh-offers-valuing-toshiba-at-up-to-$22-billion-sources

    Exclusive-Bidders weigh offers valuing Toshiba at up to $22 billion -sources

    By Makiko Yamazaki, Kane Wu and Scott Murdoch TOKYO/HONG KONG (Reuters) -Bidders for Toshiba (OTC:TOSYY) Corp are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at about $22 billion. Toshiba, which is exploring strategic options, said… More

  • samsung-australia-fined-$9.7-million-over-false-water-resistance-claims

    Samsung Australia fined $9.7 million over false water-resistance claims

    (Reuters) – Australia’s competition regulator said on Thursday a court has ordered the local unit of Samsung Electronics (OTC:SSNLF) to pay a penalty of A$14 million ($9.65 million) over misleading claims about a water-resistance feature in some of its smartphones. Samsung (KS:005930) Australia admitted to misleading buyers of some of its ‘Galaxy’ phones about the… More

  • citigroup-creates-new-asia-leadership-structure-–-memo

    Citigroup creates new Asia leadership structure – memo

    By Scott Murdoch HONG KONG (Reuters) – Citigroup Inc (NYSE:C) has created a new regional leadership structure for its Asian business, according to a memo seen by Reuters. Tim Monger has been appointed as the head of the bank’s North and East Asian business ‘cluster’, while Amol Gupte will lead South Asia and ASEAN, the… More

  • asian-stocks-down-after-fed-chair-acknowledges-the-risk-of-a-recession

    Asian Stocks Down after Fed Chair Acknowledges the Risk of a Recession

    By Zhang Mengying – Asia-Pacific stocks were mostly down on Thursday morning as investors assessed the monetary policy outlook after U.S. Federal Reserve Chair Jerome Powell acknowledged the risk of a recession. Japan’s Nikkei 225 fell 0.23% by 11:06 p.m. ET (0306 GMT). South Korea’s KOSPI slid 0.65%. In Australia, the ASX 200 rose… More

  • morgan-stanley-proposes-china-board-for-multinational-listings

    Morgan Stanley proposes China board for multinational listings

    SHANGHAI (Reuters) – The head of Morgan Stanley (NYSE:MS)’s China securities business proposed the setting up of an international board in China to allow offshore-listed Chinese companies and foreign firms to list in the domestic market. Jing Qian, CEO of Morgan Stanley Securities (China), also told the official Shanghai Securities News in an interview that… More

  • sony,-honda-sign-jv-to-sell-electric-cars-by-2025

    Sony, Honda sign JV to sell electric cars by 2025

    (Reuters) – Japan’s Sony (NYSE:SONY) and Honda Motor on Thursday officially agreed to an equally owned joint venture that will start selling electric cars in 2025. Honda, like bigger rival Toyota Motor (NYSE:TM), has been slower to shift to electric vehicles (EV) than global automakers and is under pressure from investors to make cars that… More

  • asian-stocks-mix-over-fears-of-an-economic-downturn

    Asian Stocks Mix Over Fears of An Economic Downturn

    By Zhang Mengying – Asia Pacific stocks were mixed on Friday morning on concerns about an economic downturn as monetary policy tightens. Japan’s Nikkei 225 fell 2.23% by 10:32 PM ET (2:32 AM GMT). South Korea’s KOSPI fell 1.24% In Australia, the ASX 200 was down 2.00% Hong Kong’s Hang Seng gained 1.00% China’s… More

  • wall-street-plunges-as-recession-fears-grow

    Wall Street plunges as recession fears grow

    By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stock indexes closed sharply lower on Thursday in a broad sell-off as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the Federal Reserve’s largest rate hike since 1994. The benchmark S&P 500 suffered its sixth decline in seven… More

  • creditors-to-vote-on-garuda-indonesia’s-$9.7-billion-debt-settlement

    Creditors to vote on Garuda Indonesia’s $9.7 billion debt settlement

    By Stefanno Sulaiman JAKARTA (Reuters) – Garuda Indonesia’s creditors including Britain’s Rolls-Royce (OTC:RYCEY) and French planemaker Airbus will vote on Friday on a $9.7 billion debt restructuring proposal, for which the flag carrier is confident of winning enough backing to move forward. A simple majority from creditors at the meeting is needed to secure a… More

  • eu-may-fall-behind-digital-decade-goals,-report-warns

    EU may fall behind Digital Decade goals, report warns

    By Supantha Mukherjee STOCKHOLM (Reuters) – The European Union risks falling behind its Digital Decade goals by 10 years unless the governments focus on bridging the skills gap, according to a report by strategic consultancy Public First. Last year the European Commission presented a 2030 vision that aims to transform the region with 80% of… More

  • jetblue-ceo-‘optimistic’-airline-can-acquire-spirit

    JetBlue CEO ‘optimistic’ airline can acquire Spirit

    By Rajesh Kumar Singh and David Shepardson CHICAGO/WASHINGTON (Reuters) – JetBlue Airways (NASDAQ:JBLU) Corp Chief Executive Robin Hayes said Friday he is “optimistic” he can reach a deal to acquire Spirit Airlines (NYSE:SAVE) Inc. “We’re pleased that there now seems to be a genuine desire from the Spirit board to engage with us,” Hayes told… More

  • trump’s-air-force-one-paint-scheme-scrapped-by-biden

    Trump’s Air Force One paint scheme scrapped by Biden

    By David Shepardson and Mike Stone WASHINGTON (Reuters) -The Biden administration will scrap a paint scheme for Air Force One proposed by former President Donald Trump, after the Air Force determined the design would create too much heat for the presidential aircraft, a U.S. official said on Friday. The current exterior color scheme on the… More

  • wall-street-suffers-biggest-weekly-loss-since-january-after-hot-cpi-data

    Wall Street suffers biggest weekly loss since January after hot CPI data

    By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks posted their biggest weekly percentage declines since January and ended sharply lower on the day Friday as a steeper-than-expected rise in U.S. consumer prices in May fueled fears of more aggressive interest rate hikes by the Federal Reserve. Tech and growth stocks, whose valuations rely more… More

  • us-tv-audience-for-jan.-6-hearing-reaches-20-million

    U.S. TV audience for Jan. 6 hearing reaches 20 million

    By Lisa Richwine (Reuters) -An estimated 20 million people tuned in to live U.S. television broadcasts of Thursday’s hearing by lawmakers probing the 2021 riot at the U.S. Capitol, the Nielsen ratings agency said on Friday. The viewership across 12 networks ranked below other political events such as President Biden’s State of the Union address,… More

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