(Reuters) – Fujitsu Ltd’s controlling stake in Shinko Electric Industries Co has attracted interests from Apollo Global Management Inc and Bain Capital as potential bidders, Bloomberg News reported on Wednesday. Dai Nippon Printing Co, Japan Investment Corp and KKR & Co have also expressed interest in the stake, the report said, citing people familiar with…
By Tim Kelly TOKYO (Reuters) -U.S. Defense Secretary Lloyd Austin said on Thursday it was “unfortunate” his Chinese counterpart had declined to meet him at an upcoming security forum because they needed to communicate to stop dangerous encounters between military aircraft. On Tuesday, the U.S. said a Chinese fighter jet carried out an “unnecessarily aggressive”…
By Munsif Vengattil, Aditya Kalra and Jane Lanhee Lee NEW DELHI/OAKLAND, California (Reuters) -Big companies including a Foxconn joint venture that bid for India’s $10 billion semiconductor incentives are struggling due to the lack of a technology partner, a major setback for Prime Minister Narendra Modi’s chipmaking ambitions. A planned $3 billion semiconductor facility in…
By Anant Chandak BENGALURU (Reuters) – India’s factory output expanded at the quickest pace since October 2020 last month thanks to strong demand and output, while improved optimism led firms to hire at the fastest rate in six months, a private survey showed on Thursday. While regional peers such as China, Japan and South Korea…
A look at the day ahead in European and global markets from Kevin Buckland It’s a volatile time for central bank watchers, when comments from one man can flip the script in a moment. Of course, the man responsible for the latest twist is a closely followed Fed governor and vice chair nominee, Philip Jefferson,…
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) – Sri Lanka’s central bank cut its key interest rates by 250 basis points on Thursday as inflation eased, signalling that the South Asian nation was emerging from a devastating financial crisis and ready for a rebound in growth. The Central Bank of Sri Lanka (CBSL) cut…
By Shankar Ramakrishnan, Matt Tracy and Laura Matthews NEW YORK (Reuters) – Large U.S. companies have been on a bond issuance binge but this rapid pace in supply may be hard to sustain ahead of expected volatility related to extending the U.S. debt ceiling and another possible move higher in interest rates. Investment-grade rated companies…
