SEOUL (Reuters) – South Korea’s finance ministry said on Tuesday there was a strong downward risk to the government’s budget revenue projection this year mainly from a slowing economy, both at home and abroad. “There is a strong downward risk from factors including a slowdown in corporate earnings and asset transactions, while there is also …
South Korea sees strong downward risk to 2023 budget revenue Read More »
By Rajendra Jadhav MUMBAI (Reuters) -India’s top sugar-producing state, Maharashtra, could churn out nearly 16% less sugar than the previously estimated as mills are closing early due to limited availability of sugar cane, a senior state government official told Reuters on Monday. Lower sugar output could prevent the world’s second-biggest exporter from allowing additional exports, …
India’s Maharashtra state to produce less sugar as mills close early Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms. Instead, it brought months of uncertainty and a solitary, scaled-back offer from the company’s business partners in Japan. The $15 billion bid, led by domestic buyout firm Japan Industrial Partners …
The $15 billion scramble for Japan’s Toshiba went from bang to whimper Read More »
By Makiko Yamazaki, Mariko Katsumura and Ritsuko Shimizu TOKYO (Reuters) -The Japanese construction company targeted for takeover by the family office linked to Nintendo Co’s founder is pushing back against the fund and has asked the government to investigate alleged breaches of foreign ownership rules. Toyo Construction Co, the marine construction company now 27% owned …
Takeover target of Nintendo family office asks for Japan government probe Read More »
By Rachel Savage JOHANNESBURG (Reuters) – China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building “Belt & Road” infrastructure, according to a study published Tuesday. Almost 80% of the rescue lending was made between 2016 …
China spent $240 billion bailing out ‘Belt & Road’ countries – study Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s foreign minister Nanaia Mahuta said on Tuesday she had encouraged China to support and strengthen Pacific regional institutions and uphold a 22-year old agreement that sees Pacific countries look after their own security needs. After returning from Beijing, Mahuta told reporters she had encouraged China to support …
NZ Foreign Minister says encouraged China to support Pacific regional institutions Read More »
By Stephen Nellis RUTHERFORD, California (Reuters) -The head of the U.S. National Security Agency’s cybersecurity directorate on Monday said TikTok represents a “strategic issue” rather than an immediate “tactical” threat to the United States. Speaking at a policy conference in Northern California, Rob Joyce, director of cybersecurity for the spy agency, reiterated the agency’s earlier …
TikTok represents ‘strategic’ challenge, says top US cyber official Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose more than $3 on Monday as a halt to some exports from Iraq’s Kurdistan region added to worries about oil supplies while a U.S. banking acquisition eased worries that financial turmoil could hurt the economy and curtail fuel demand. Brent crude futures settled up $3.13, or 4.2%, …
Oil rises over $3 on Kurdistan export halt, banking optimism Read More »
By Rod Nickel WINNIPEG, Manitoba (Reuters) -Japan has removed restrictions on Canadian processed beef imports that date back 20 years, allowing for expanded trade, Canada’s agriculture ministry said on Monday. Japan, like many other nations, restricted imports of Canadian beef after the 2003 discovery in the province of Alberta of a case of bovine spongiform …
Japan lifts 20-year-old restrictions on Canadian processed beef -Canada farm ministry Read More »
By Bharat Gautam (Reuters) – Gold prices fell more than 1% on Monday as worries over a crisis in the banking sector subsided, prompting investors to scale back safe-haven trades in favour of riskier assets like equities and crude oil. Spot gold dropped 1.2% to $1,952.95 per ounce by 2:10 p.m. EDT (18:10 GMT). U.S. …
Gold slips more than 1% as risk appetite improves Read More »
