HANOI (Reuters) – Vietnamese conglomerate Masan Group has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that to as much as $500 million, the two entities said on Monday. Proceeds, according to fast-moving consumer goods firm Masan would be used to strengthen the …
Vietnam’s Masan secures $200 million investment from Bain Capital Read More »
(Reuters) – Singapore’s Vertex Technology Acquisition Corp signed a deal to buy live streaming platform 17LIVE Inc for up to S$925.1 million (about $676 million), the special purpose acquisition company (SPAC) backed by state-investor Temasek said on Monday. ($1 = 1.3682 Singapore dollars) (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Savio D’Souza)
BANGKOK (Reuters) – Thailand’s Prime Minister Srettha Thavisin said on Monday his government would inject 560 billion baht ($15.23 billion) into the economy next year through its signature digital wallet policy. The stimulus will be driven by the key plank of Srettha’s Pheu Thai Party’s electoral platform, where each citizen over 16 will receive a …
Thailand to inject $15.2 billion into economy through digital wallet plan – PM Read More »
(Reuters) – China Evergrande Group Chairman Hui Ka Yan is being investigated on suspicion of transferring assets offshore while the indebted property developer struggles to complete unfinished projects, the Wall Street Journal reported on Monday. Evergrande has been working to get creditors’ approval to restructure its offshore debt but the process grew more complicated last …
Evergrande chairman investigated over offshore asset transfers – WSJ Read More »
By Leika Kihara TOKYO (Reuters) -More Bank of Japan policymakers discussed the prospects of an eventual exit from ultra-loose policy, a summary of opinions at their September meeting showed, sending 10-year government bond yields up to their highest levels in a decade. The summary, which followed Governor Kazuo Ueda’s weekend speech on the exit path, …
BOJ discussed factors for exiting easy policy at Sept meeting; 10-yr JGBs falter Read More »
JAKARTA (Reuters) – Indonesian President Joko Widodo on Monday inaugurated a $7.3 billion high-speed railway connecting the country’s capital with the city of Bandung, a China-backed project that has been marred with problems. The 142-kilometre (88.23-mile) railway, one of the president’s flagship infrastructure projects and part of China’s Belt and Road Initiative, has faced problems …
Indonesia launches China-backed ‘Whoosh’ high-speed railway Read More »
By Satoshi Sugiyama and Chris Gallagher YOKOHAMA, Japan (Reuters) – Tokyo-based start-up Tsubame Industries has developed a 4.5-metre-tall (14.8-feet), four-wheeled robot that looks like “Mobile Suit Gundam” from the wildly popular Japanese animation series, and it can be yours for $3 million. Called ARCHAX after the avian dinosaur archaeopteryx, the robot has cockpit monitors that …
Japan startup develops ‘Gundam’-like robot with $3 million price tag Read More »
By Ariba Shahid KARACHI (Reuters) – Pakistan refiner Cnergyico has imported the country’s first private-sector shipment of Russian crude oil, it said on Monday, as the cash-strapped nation takes advantage of Moscow’s discounts on its oil exports. The South Asian nation has started snapping up crude oil that Russia has discounted after its exports were …
Exclusive-Cnergyico imports Pakistan’s first private-sector Russian crude cargo Read More »
SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Monday he would focus on having one-on-one conversations with Australians to rally support for the Indigenous referendum, as early voting began in some parts of the country. In a landmark referendum, Australians will decide on Oct. 14 whether to approve altering the constitution to enshrine …
Australia PM rallies support for Indigenous referendum as early voting starts Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s monsoon rainfall this year was its lowest since 2018 as the El Nino weather pattern made August the driest in more than a century, the state-run weather department said on Saturday. The monsoon, which is vital for India’s $3 trillion economy, brings nearly 70% of the rain the country …
India’s monsoon rains hit five-year low due to El Nino Read More »
