BENGALURU (Reuters) – U.S. private equity firm KKR & Co Inc will invest an additional $250 million in Serentica Renewables, the Indian decarbonisation platform said on Monday. “This latest investment will support the company’s effort to achieve 4000MW of installed renewable energy capacity that will aid clean energy delivery to large-scale industrial customers,” Serentica Renewables…
(Reuters) -Meetings at the U.S. Federal Reserve, the European Central Bank and Australia’s central bank top the agenda, while megacap Apple brings the U.S. earnings season to an end, as markets work through fresh banking tremors. Here’s a look at the week ahead in markets from Ira Iosebashvili and Lewis Krauskopf in New York, Dhara…
TOKYO (Reuters) – Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units….
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A group of investors led by prominent activist shareholder Yoshiaki Murakami said a push by the Tokyo bourse for better capital efficiency will strengthen their crusade to reduce Japan’s unusually high number of chronically undervalued stocks. Japan is almost unique among major economies in the number…
By Wayne Cole SYDNEY (Reuters) – Australia’s Labor government is set to reveal a vast improvement in the budget bottom line next week as its coffers bulge with tax windfalls, yet the outlook will be a sober one as fiscal challenges loom large. Treasurer Jim Chalmers has spent weeks using “restraint” and “responsible” to describe…
BEIJING (Reuters) – Prices of new homes in 100 Chinese cities rose a touch in April in an extension of modest gains seen in March, a private survey showed on Monday, as government support measures stoked demand in large and midsize cities. New home prices in April edged up 0.02% from the previous month, the…
SYDNEY (Reuters) – Australian home prices rose for a second straight month in April, in a further signal that the nation’s property market may have hit a floor ahead of a central bank rate decision on Tuesday. Figures from property consultant CoreLogic released on Monday showed prices nationally rose 0.5% in April from March, when…
TOKYO (Reuters) – Alibaba Group founder Jack Ma has been invited to be a visiting professor at Tokyo College, a new organization run by the University of Tokyo, the university said on Monday. The appointment term for China’s best-known entrepreneur finishes at the end of October, but the contract is renewable on an annual basis,…
SEOUL (Reuters) -South Korea’s exports fell for a seventh straight month in April for their longest losing streak in three years, driven by an extended slump in sales to China and suggesting persistent pressure on the economy from frail global demand. The downturn comes despite the reopening of the Chinese economy – a major market…
TOKYO (Reuters) – Japan’s factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilisation amid a slower decline in new orders. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index was up slightly at 49.5 in…
