Reuters Asia

By David Lawder (Reuters) -Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World Bank made the announcement on Friday in Seoul at a pledging conference for the International …

World Bank wins $100 billion replenishment of fund for poorest countries Read More »

By Sinead Cruise and Lawrence White LONDON (Reuters) – President-elect Donald Trump’s return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows. M&A bankers are forecast to rake in about …

Investment banks eye 2025 income boom as Trump drives deal rebound Read More »

GQEBERHA, South Africa (Reuters) -Opener Pathum Nissanka led Sri Lanka’s fight back against hosts South Africa on Friday as they closed the second day of the second test on 242-3, trailing by 116 runs. Nissanka was dropped when he was on 22 and went on to punish the South African bowlers, helping to blunt a …

Cricket-Sri Lanka fight back to trail South Africa by 116 runs Read More »

(Reuters) – Teva Pharmaceutical Industries said on Thursday it will transfer ownership of its business venture that sold generics in Japan to JKI. Israel-based Teva’s deal with JKI will transfer all the shares of the unit Teva-Takeda and its subsidiary Teva Takeda Yakuhin to the firm. Teva-Takeda is a joint venture established in 2016 by …

Pharma firm Teva to divest its business venture in Japan Read More »

By Michael Martina and Eric Beech WASHINGTON (Reuters) -U.S. President-elect Donald Trump said he has chosen former Senator David Perdue to be ambassador to China, tapping a former politician with business experience to help steer relations riven by deep mistrust and trade tensions. “He will be instrumental in implementing my strategy to maintain Peace in …

Trump picks former Senator David Perdue as ambassador to China Read More »

(Reuters) -Country Garden said on Friday the Shanghai Stock Exchange would impose self-regulatory measures on the embattled property developer, its chairman, chief financial officer and president due to the failure to publish its 2023 annual report on time. The Shanghai Stock Exchange and the Shenzhen Stock Exchange have also made the decision to impose self-regulatory …

Shanghai Stock Exchange to impose self-regulatory measures on China’s Country Garden Read More »

By Ju-min Park and Hyunsu Yim SEOUL (Reuters) -South Korea’s ruling party leader said President Yoon Suk Yeol needed to be removed from power for trying to impose martial law, increasing the pressure on him to quit even though members of his People Power Party late on Friday reaffirmed its formal opposition to his impeachment. …

South Korea’s Yoon under pressure to resign as threat of impeachment looms Read More »

(Reuters) -China’s JD Logistics will acquire the 36.43% stake it does not already own in Kuayue-Express Group for not more than 6.48 billion yuan ($892 million) to further enhance express delivery offerings, the logistics services firm said on Friday. Under an agreement, Suqian Jingdong Bohai Enterprise Management, a unit of JD Logistics, will acquire the …

JD Logistics takes full ownership of Kuayue-Express with $892 million stake buy Read More »