BEIJING (AP) — Asian stock markets fell Friday after Western governments promised new sanctions on Russia and President Vladimir Putin tried to prop up Moscow’s sinking ruble by threatening to require Europe to use it to pay for gas exports. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices were little-changed but stayed above $110…
NEW YORK (AP) — The Russian stock market opened Thursday for limited trading under heavy restrictions for the first time since Moscow invaded Ukraine, coming almost a month after prices plunged and the market was shut down as a way to insulate the economy. Trading of a limited number of stocks, including energy giants Gazprom…
By Alun John HONG KONG (Reuters) – Hong Kong shares of Russian aluminium producer OK Rusal, one of the few Russia-related securities still being traded, slipped on Thursday ahead of a partial reopening of trading of stocks on the Moscow Exchange later in the day. Russian stocks last traded on the Moscow Exchange on Feb….
By Makiko Yamazaki TOKYO (Reuters) -Toshiba Corp shareholders on Thursday voted against its plan to spin off the devices unit, but a separate motion backed by activist shareholders that called for the conglomerate to solicit buyout offers also failed to gain sufficient support. The result of the extraordinary general meeting appears to leave Toshiba with…
TOKYO (AP) — Shareholders of embattled Japanese electronics and energy giant Toshiba Corp. voted down a major restructuring plan on Thursday, in a setback for the company’s management. The plan proposed last month called for splitting Tokyo-based Toshiba Corp. into two companies, one focused on infrastructure and the other on devices. The latter would have…
NAGAON, India (AP) — Plans to build a sprawling solar park on land cultivated for generations by indigenous farmers in India’s Himalayan foothills erupted in violent clashes with police last year after their crops were bulldozed for the development. Most men from the farming village of a few hundred in Assam state were out looking…
By Byron Kaye SYDNEY (Reuters) -An inquiry has declared Australian casino operator Crown Resorts Ltd unfit for a gambling licence in Western Australia state but stopped short of revoking it, adding to the company’s regulatory headache without threatening a lifeline takeover bid. The adverse finding was widely expected after probes in the two other states…
By Tom Westbrook and Kevin Buckland SINGAPORE/TOKYO (Reuters) – The U.S. dollar found some support in Asia on Thursday as commodity currencies took a breather from a steep rally driven by rising prices for exports, while a recovery in the U.S. bond market offered little solace to the struggling yen. The Australian and New Zealand…
SYDNEY (Reuters) – A powerful government-ordered inquiry has found Australian casino operator Crown Resorts Ltd unfit for a gambling licence in the state of Western Australia, the state’s racing and gaming minister said on Thursday. “The royal commission found that the Crown entities are presently not suitable to continue to hold a gaming licence for…
By Sumeet Chatterjee and Joyce Lee SEOUL (Reuters) -Shares in Samsung Electronics Co Ltd worth about $1.1 billion were sold by Kookmin Bank on Thursday, according to a term sheet seen by Reuters. About 19.9 million shares were on sale at 68,800 won per share, the term sheet showed. Samsung Electronics’ share price was down…
