Business
Panasonic to sell entire stake in autos business to Apollo Global-managed funds
TOKYO (Reuters) -Japan's Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management. The transaction has a total enterprise value of 311 ...
New Yarmouth café looking to pay it forward to help others
Café Caye Mangé in Yarmouth, known for its plant-based culinary experiences under the visionary leadership of Chef Pamela Leonforde, is proudly unveiling its latest endeavor – the Pay It Forward Program. Café Caye Mangé officially opened its doors at ...
Old Xi Jinping speech sparks China monetary easing speculation
By Ryan Woo BEIJING (Reuters) - A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressively buying government bonds to support the economy, a stimulus measure China has ...
Japan's Nikkei posts biggest point gain for fiscal year
TOKYO (Reuters) - Japan's Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying. The index hit successive record highs this month, after ...
China's Huawei continues rebound with strongest earnings growth since 2019
By David Kirton SHENZHEN, China (Reuters) - China's Huawei Technologies saw its fastest growth in four years in 2023, with a rebound in its consumer segment and income from new businesses like smart car components accelerating its recovery from ...
Thai economy expands slowly in February, helped by tourism, central bank says
BANGKOK (Reuters) - Thailand's economy expanded slowly in February with growth in the service sector and an increase in tourist arrivals offseting a fall in exports from the previous month, the Bank of Thailand (BOT) said on Friday. Thailand ...
Mazda and Panasonic's energy unit sign auto battery supply agreement
TOKYO (Reuters) - Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings said on Friday they have signed an automotive battery supply agreement. The deal comes out of talks about a battery supply partnership for electric ...
Japan flags 'speculative' yen moves, signals chance of intervention
TOKYO (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday there were "speculative" moves behind recent yen declines, suggesting authorities remained on stand-by to intervene in the market to address any excessive falls in the ...
HSBC completes sale of Canadian unit to RBC
(Reuters) - HSBC Holdings said it completed the C$13.5 billion ($9.96 billion) sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) on Thursday. The transaction will result in the recognition of an estimated gain of $4.9 ...
Take Five: A shiny new quarter
LONDON (Reuters) - A tumultuous first quarter is coming to an end and the "buy everything" party is in full swing across markets, but the coming week has a few reality checks that even the most avid bulls may not be able to overlook. The strong ...