TOKYO (Reuters) -Toshiba Corp nominated an executive from M&A advisory firm Houlihan Lokey as chairperson and activist shareholders as outside directors on Thursday, in a board overhaul that could intensify pressure to take the conglomerate private. Toshiba nominated Akihiro Watanabe, the founder of M&A advisory firm GCA Corp, which was recently bought by Houlihan Lokey….
By Lucy Towers and Alistair Smout WEST DRAYTON, England (Reuters) – At west London’s Hooked Fish and Chips, Bally Singh is struggling to keep the tills ringing for a British tradition, with prices sky-rocketing for fish, potatoes, cooking oil and even the flour used for the batter the dish is cooked in. Cranking up their…
By Aditya Kalra DAVOS, Switzerland (Reuters) – Bright colours and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive. Inside a pavilion on the Swiss Alpine resort’s Promenade street beneath an “India @ Davos 2022” logo,…
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON (Reuters) – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost of living crisis and the prospect of higher interest rates, a Reuters poll found. However, the resulting squeeze on disposable incomes is expected to…
By Davide Barbuscia NEW YORK (Reuters) – U.S. stocks and bonds are moving in opposite directions, a phenomenon that could bring relief for investors hoping for a blend of the two asset classes to blunt declines in their portfolios. Yields on the benchmark 10-year Treasury – which move inversely to prices – are down 28…
By Cynthia Kim and Joori Roh SEOUL (Reuters) – South Korea’s central bank on Thursday delivered back-to-back interest rate hikes and forecast further aggressive increases to wrestle consumer inflation down from 13-year highs. The Bank of Korea raised its benchmark policy rate by a quarter of a percentage point to 1.75%, the highest since mid-2019,…
MANILA (Reuters) – Philippine President-elect Ferdinand Marcos on Thursday announced the current central bank governor Benjamin Diokno would be his finance minister when he takes office next month. Diokno will be replaced by Felipe Medalla as Bangko Sentral ng Pilipinas (BSP) governor, Marcos said in an interview conducted by his press new secretary, which was…
(Reuters) -Australia’s Qantas Airways signalled changes to domestic capacity and fares on Thursday to counter surging fuel prices, saying that it expected strong demand for air travel, sending its shares up nearly 3%. The Australian flag carrier lowered domestic flying levels for July and August from 107% of pre-COVID-19 levels to 103% but it did…
(Reuters) – Apple Inc is raising the overall compensation budget for its U.S. employees amid broadening inflationary pressures and a push for unionization, the Wall Street Journal on Wednesday. The starting pay for hourly workers in the United States will rise to $22, or higher based upon the market, a 45% increase from 2018 levels,…
By Sam Nussey TOKYO (Reuters) -Sony Group Corp said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled a radical broadening of its games portfolio including more titles on PC and mobile. The PS5, which went on sale in November 2020, undersold its predecessor in its…
