Asia shares mixed, China cuts rates as data disappoints

Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures dip PBOC cuts key rates, China data badly miss forecasts Eyes on … Read more

Exclusive: Europe eyes Musk’s SpaceX to bridge launch gap left by Russia tensions

Exclusive: Europe eyes Musk’s SpaceX to bridge launch gap left by Russia tensions

PARIS, Aug 12 (Reuters) – The European Space Agency (ESA) has begun preliminary technical discussions with Elon Musk’s SpaceX that could lead to the temporary use of its launchers after the Ukraine conflict blocked Western access to Russia’s Soyuz rockets. The private American competitor to Europe’s Arianespace has emerged as a key contender to plug … Read more

Eneos books strong Q1 results, CEO abruptly resigns

Eneos books strong Q1 results, CEO abruptly resigns

JX Nippon Oil & Energy Corp’s Eneos brand logo on a tanker lorry in a train at a station nearby its refinery in Yokohama, Japan February 7, 2017. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – Japanese oil and metals giant Eneos Holdings Inc (5020.T) announced on … Read more

SoftBank’s Alibaba sale could end breakup taboo

SoftBank’s Alibaba sale could end breakup taboo

Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 10 (Reuters Breakingviews) – Masayoshi Son is thinking the unthinkable at SoftBank Group (9984.T). His $63 billion technology and telecom empire will slash its … Read more

SoftBank to book $34 bln gain on Alibaba shares; reduce stake to 14.6%

SoftBank to book  bln gain on Alibaba shares; reduce stake to 14.6%

TOKYO, Aug 10 (Reuters) – SoftBank Group Corp (9984.T) on Wednesday said it will book an estimated gain of 4.6 trillion yen ($34.08 billion) on settling prepaid forward contracts using shares in Alibaba Group Holding (9988.HK), reducing its stake to 14.6% from 23.7%. The estimated gain includes a 2.4 trillion yen gain from the revaluation … Read more

Japan PM shakes up cabinet as anger grows over ties to Unification Church

Japan PM shakes up cabinet as anger grows over ties to Unification Church

Voter support slumps over party’s ties to church Shake-up comes earlier than analysts had expected Church defends its right to participate in politics Kishida only chose ministers who will “review” ties to the group TOKYO, Aug 10 (Reuters) – Japanese Prime Minister Fumio Kishida reshuffled his cabinet on Wednesday, as he battled growing public anger … Read more

Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Tesla’s July sales of Chinese-made vehicles slide due to factory line upgrades

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 9 (Reuters) – Tesla (TSLA.O) sold 28,217 Chinese-made vehicles in July, nearly two-thirds less than a month earlier as a scheduled … Read more

World shares bounce after U.S. jobs report sell-off

World shares bounce after U.S. jobs report sell-off

Euro STOXX gains 0.8% Wall Street set to gain Markets narrow odds on 75 bp hike ahead of U.S. CPI Dollar falls Oil recoups early losses, tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Shares gained ground on Monday, recovering their footing after a strong U.S. jobs report last week bolstered the case for more … Read more

In first visit to China, South Korean foreign minister seeks to reassure Beijing over U.S. ties

In first visit to China, South Korean foreign minister seeks to reassure Beijing over U.S. ties

South Korean Foreign Minister Park Jin meets U.S. Secretary of State Antony Blinken at the Sokha Hotel in Phnom Penh, Cambodia, Friday, August 5, 2022. Andrew Harnik/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register SEOUL, Aug 8 (Reuters) – South Korea foreign minister Park Jin is set for his first visit … Read more

Automakers say U.S. Senate bill will jeopardize 2030 EV targets

Automakers say U.S. Senate bill will jeopardize 2030 EV targets

FILE PHOTO – Volkswagen employees stand next to Volkswagen electric cars during a ceremony at German carmaker Volkswagen’s first battery cell production plant ‘SalzGiga’ in Salzgitter, Germany, July 7, 2022. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 7 (Reuters) – A group representing General Motors (GM.N), Toyota Motor (7203.T), … Read more