TOKYO (Reuters) – Japanese automaker Mazda Motor Corp said on Thursday it would suspend production at its two domestic factories for two days in April due to auto parts supply disruptions. It said in a statement that a rise in COVID-19 cases in China were among factors expected to cause supply disruptions. It did not…
By Cynthia Kim SEOUL (Reuters) – At age 69, Kim Jung-mi holds three jobs: she spends three hours getting a two-year old home from kindergarten every weekday for $9 per hour, then washes vegetables at a store that sells kimchi. Occasionally, she walks her neighbour’s dog. That kind of gig work among elderly people has…
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…
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…
By Sumeet Chatterjee and Joyce Lee SEOUL (Reuters) – Shares in Samsung Electronics Co Ltd worth about $1.1 billion are being sold by Kookmin Bank on Thursday, according to a term sheet seen by Reuters. About 19.9 million shares are being sold at 68,800 won per share, the term sheet showed. Samsung Electronics did not…
TOKYO (Reuters) – Japan’s manufacturing activity sped up in March from the prior month as a reduction in COVID-19 cases in the country helped lift orders and production, however, surging input prices and Russia’s war in Ukraine clouded the outlook. Activity in the services sector, which has been battered by the pandemic, contracted for the…
