By Selena Li HONG KONG (Reuters) – U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore’s DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. The…
SYDNEY (Reuters) – Qantas on Monday unveiled plans for some aircraft to carry special livery supporting recognition of Aboriginal and Torres Straits Island people in Australia’s constitution, stepping into the divisive debate on Indigenous rights. Australians will vote in a landmark referendum later this year on whether they support altering the constitution to include a…
By Anton Bridge TOKYO (Reuters) – Rakuten Group shares surged on Monday morning after the e-commerce giant reported narrowing losses at its cash bleeding mobile unit last week alongside assurances that it can cover its debt burden for the next financial year. Shares jumped as much as 5.2% when markets opened, hitting 596.9 yen before…
By Jyoti Narayan and Akanksha Khushi (Reuters) -United States Steel Corp on Sunday launched a formal review of its strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs Inc. The unsolicited cash-and-stock offer from Ohio-based Cliffs valued U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday….
By Alexandra Valencia QUITO (Reuters) -Ecuador’s presidential candidates promised improvements in security during a debate late on Sunday, days after their fellow hopeful Fernando Villavicencio was assassinated leaving a campaign event. The killing of the 59-year-old in the closing days of the campaign has sent shockwaves through the South American country of 18 million people,…
TOKYO (Reuters) – U.S. Secretary of State Antony Blinken will hold a virtual meeting with Japanese Foreign Minister Yoshimasa Hayashi and South Korean Foreign Minister Park Jin on Monday, the U.S. State Department said. Leaders of the three nations are due to meet on Aug. 18 at the U.S. presidential retreat at Camp David, Maryland,…
(Reuters) – A Kansas newspaper that was searched by police said its 98-year-old co-owner died on Saturday from stress related to the incident, which free press advocates condemned as a possible violation of the Marion County Record’s First Amendment rights. A search warrant, authorized by a Marion County District Court judge, said there was probable…
By Daniel Leussink TOKYO (Reuters) – Japanese automakers are getting much-needed cover from an old standby, as the weaker yen helps prop up profits amid declining sales in China and the increasingly tough shift to electric vehicles. Toyota, Honda and Nissan recently reported earnings that topped analyst estimates by 6% to 21% in the three…
By Kevin Yao and Qiaoyi Li BEIJING (Reuters) -China’s new bank loans tumbled in July and other key credit gauges also weakened, even after policymakers cut interest rates and promised to roll out more support for the faltering economy. Chinese banks extended 345.9 billion yuan ($47.80 billion) of new yuan loans in July, tumbling 89%…
(Reuters) – Australian telecom firms Telstra Group and TPG Telecom on Monday said separately they would not appeal the country’s competition tribunal’s decision to block an asset transfer deal between the two telecom giants. In June, the Australian Competition Tribunal upheld the competition regulator’s decision to block the deal between the telecom firms, under which…
