Asia Business

Libya's National Oil Corp warns of dangers at oil ports

08/08 The chairman of Libya's National Oil Corp (NOC) on Saturday warned against the risk of a disaster at the country's oil ports due to a growing military presence with storage tanks held at capacity. . .  Full story

Hezbollah denies storing weapons at Beirut port depot

07/08 Hezbollah's leader on Friday denied accusations that his Iran-backed movement has arms warehoused at Beirut port, calling for an investigation into the biggest explosion to hit the Lebanese capital.. . .  Full story

Lebanon navigates food challenge with no grain silo and few stocks

07/08 Lebanon's government holds no strategic stockpile of grains and Tuesday's blast destroyed the privately held stocks at its only large grain silo, the economy minister, a U.N. official and a regional grain expert told Reuters.. . .  Full story

'Only God can help': forlorn families await Beirut blast missing

07/08 As exhausted rescuers combed wreckage to find anyone still alive from the Beirut blast, three disconsolate families camped outside the port where their loved ones were last located.. . .  Full story

Insured losses from Beirut blast seen around $3 bln-sources

07/08 Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say.. . .  Full story

Japan kept activist investor in limbo over key Toshiba vote, sources say

07/08 Activist fund Effissimo Capital Management, the biggest investor in Toshiba Corp, was kept in limbo by Japan's government over a key shareholder vote until the day before the industrial conglomerate's annual meeting, two government sources. . .  Full story

Asia Gold-Soaring prices further erode lustre in pandemic-hit retail hubs

07/08 Physical gold remained out of favour in most Asian hubs this week as a worsening pandemic kept retail buyers away with global benchmark spot prices at historic highs, while logistical challenges plagued the Indian market.. . .  Full story

Iraq pledges to deepen oil output cuts in August, September

07/08 Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.. . .  Full story

Asia Distillates-Gasoil cracks see biggest weekly drop in 10 weeks

07/08 Asian refining margins for 10 ppm gasoil dropped on Friday, recording their biggest weekly decline in 2-1/2 months, as the region is awash with supplies due to higher exports from India and China. . .  Full story

Hong Kong exchange seeks greater disciplinary powers

07/08 The Hong Kong stock exchange proposed increasing its disciplinary powers in a consultation document published on Friday, the first significant change to those powers in 27 years.. . .  Full story

Sri Lanka president, brother tighten grip with big election win

07/08 Sri Lanka's parliamentary elections handed President Gotabaya Rajapaksa and his older brother an overwhelming majority, results showed on Friday, giving the family power to enact sweeping changes to the constitution of the island nation.. . .  Full story

China's new yuan loans expected to fall in July

07/08 China's new bank loans are expected to fall in July after record lending in the first half of the year, but are still likely to be higher than a year earlier, amid sustained policy. . .  Full story

China July copper imports surge to record as arbitrage pulls in metal

07/08 China's copper imports rose to a record for a second straight month in July, customs data showed on Friday, buoyed by favourable international prices that kept an arbitrage window open and strong demand in. . .  Full story

China oil imports surge 25% in July from a year ago on buying binge

07/08 China's crude imports in July surged 25% from a year earlier, as massive purchases made while prices collapsed in April arrived and as some shipments delayed at ports in June finally cleared customs.. . .  Full story

India seizes 740 tonnes of chemical that caused Lebanon blast

07/08 Indian customs authorities have seized a container with 740 tonnes of ammonium nitrate, the chemical that caused this week's deadly blast in Lebanon's capital.. . .  Full story

China stocks inch lower on Sino-U.S. tensions, post weekly gain on recovery hopes

07/08 China stocks ended lower on Friday after the Trump administration unveiled a plan to ban U.S. transactions with ByteDance's TikTok and Tencent-owned WeChat, but posted weekly gains on upbeat trade data.. . .  Full story

Japan's GPIF earns $118 bln in Q1 returns as stock markets rally

07/08 Japan's Government Pension Investment Fund (GPIF) said on Friday it earned a first-quarter investment return of 12.49 trillion yen ($118.4 billion) as global stock markets rallied, following its record quarterly investment loss in the previous. . .  Full story

Thai July consumer mood rises for 3nd month as virus restrictions ease

07/08 Thai consumer confidence increased for a third straight month in July due to relief measures and easing coronavirus restrictions, but concerns about unemployment and economic recovery weighed on spending, a university survey showed on Friday.. . .  Full story

Pandemic derails Abe's strategy to revive regional Japan with tourism

07/08 It's peak summer holiday time in the ancient Japanese city of Kyoto, when throngs of international tourists would usually be flocking to its famous temples and spending up large in the city's hotels, restaurants and. . .  Full story

Japan's Q2 GDP likely shrank most on record due to coronavirus crisis

07/08 Japan's economy likely contracted at the sharpest pace on record in the second quarter as the coronavirus crisis crushed business and consumer spending, a Reuters' poll showed, and a recent surge in infections is clouding. . .  Full story

China commodity imports surge in July from a year earlier

07/08 China's imports of major commodities including crude oil, iron ore and soybeans all surged from a year earlier with the country snapping up raw materials as its economy revives following a hit from the. . .  Full story

JGBs largely steady ahead of U.S. jobs data

07/08 Japanese government bond prices were largely steady on Friday as investors stayed on the sidelines ahead of U.S. jobs data and a three-day weekend in Japan.. . .  Full story

Japan's coincident index rises 3.5 points in June

07/08 Japan's coincident indicator index rose for the first time in five months in June, showing some signs the economy may have hit bottom, although a recent surge in coronavirus infections may cloud the outlook.. . .  Full story

China, Hong Kong stocks retreat after Trump issues bans on WeChat, TikTok

07/08 China and Hong Kong stocks fell sharply on Friday after the Trump administration unveiled a plan to ban U.S. transactions with ByteDance's TikTok and Tencent-owned WeChat, escalating tensions with Beijing.. . .  Full story

China July rare earth exports sink to lowest since Jan 2015

07/08 China's rare earth exports plunged 44% in July from the previous month, customs data showed on Friday, hitting their lowest in 5-1/2 years in a sign that the coronavirus has destroyed demand for the. . .  Full story

OCBC profit falls 40%, rounds up cautious outlook for Singapore banks

07/08 Singapore's second-largest lender Oversea-Chinese Banking Corp reported a larger-than-expected 40% tumble in second-quarter net profit on Friday, hurt by loan-loss provisions in a pandemic-hit market and a slowdown in customer activity.. . .  Full story

Malaysia's June factory output dips 0.4% y/y

07/08 Malaysia's industrial production fell a marginal 0.4% in June from last year, a decline for the fourth straight month, but was supported by recovery in the manufacturing sector from the coronavirus crisis, government data showed. . .  Full story

Japan shares slip on weak earnings, caution ahead of U.S. jobs data

07/08 Japanese shares fell on Friday as the market reacted to a string of disappointing earnings and forecasts, while investors also took a cautious stance ahead of the U.S. non-farm payroll data for July and. . .  Full story

Steep discounts for Hong Kong foreclosed homes may portend property price slump

07/08 Some Hong Kong foreclosed homes have been recently sold at steep discounts, adding to signs that the world's most expensive housing market could be heading for price declines both this year and next.. . .  Full story

Japan to spend $10.4 bln from budget reserves to help firms, households

07/08 Japan's government said on Friday it would spend about 1.1 trillion yen ($10.4 billion) from budget reserves to support small firms and households hit hard by the coronavirus crisis.. . .  Full story

SoftBank seen returning to profitability as listed holdings rise

07/08 SoftBank Group Corp is seen returning to profitability in the first quarter on Tuesday as the value of its listed holdings rise, three months after faltering tech bets via its Vision Fund pushed the. . .  Full story

Japan's spending slump eases as economy reopens, COVID-19 clouds outlook

07/08 Japan's household spending fell at a much slower pace in June than in the previous month as the economy re-opened from lockdown measures to contain the coronavirus pandemic, offering some hope of a moderate. . .  Full story

Lebanon central bank tells banks to make cheap dollar loans to those hit by Beirut blast

06/08 Lebanon's central bank instructed banks and financial institutions on Thursday to extend exceptional dollar loans at zero interest to individuals and firms impacted by the Beirut port explosion that caused huge damage across the capital.. . .  Full story

Container ships sent to Tripoli to keep Lebanon supply lines running

06/08 Leading container lines are diverting ships to Lebanon's smaller terminal of Tripoli after the devastating explosion at Beirut's port that killed 145 people also paralysed vital trade.. . .  Full story

China central bank to allow Baoshang to file for bankruptcy

06/08 China's central bank said on Thursday it would allow the old Baoshang Bank to file for bankruptcy and would liquidate any remaining assets, the latest cleanup move linked to the country's first bank seizure. . .  Full story

Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales

06/08 Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.. . .  Full story

Saudi Arabia faces unenviable balancing act as bearish Asia crude factors mount: Russell

06/08 Saudi Arabia is increasingly stuck between the rock of faltering crude oil demand growth and the hard place of trying to ensure supply is crimped enough to prop up prices.. . .  Full story

Asia Distillates-Jet cash discounts widen as virus continues to rattle aviation

06/08 Asia's cash discounts for jet fuel widened on Thursday as airlines around the globe continue to struggle through their worst downturn with reimposed lockdowns and travel curbs in several countries to stem a resurgence in. . .  Full story

China central bank says it will make policy more flexible and targeted

06/08 China's central bank said on Thursday it would make its prudent monetary policy more flexible and targeted, and keep liquidity appropriately ample to support economic recovery.. . .  Full story

India's c.bank holds rates on inflation risk, but more easing seen

06/08 India's central bank kept interest rates on hold on Thursday as it sought to contain a rise in retail inflation, though it vowed to keep policy sufficiently loose to help revive growth in the. . .  Full story

STATEMENT

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India should focus on protecting economy, says ex-RBI governor

06/08 India's policymakers should focus on protecting the economy as businesses struggle amid the coronavirus pandemic instead of being overly focused on what ratings agencies think, former Reserve Bank of India governor Raghuram Rajan said on. . .  Full story

What we know about Thailand's new finance minister

06/08 Thailand's king has approved banking executive Predee Daochai as the country's new finance minister, with the task of steering Southeast Asia's worst performing economy through the fallout of the COVID-19 pandemic.. . .  Full story

Antaike ups China 2020 copper import forecast, sees 400,000 T of net primary aluminium inflows

06/08 Research group Antaike made a nearly 13% upward revision to its forecast for China's refined copper imports in 2020, as tight raw material supply constrains domestic output, and said it sees net primary aluminium. . .  Full story

"China's LVMH" Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis-sources

06/08 Fashion conglomerate Shandong Ruyi, best known for its ambition to be the LVMH of China, has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to publicly. . .  Full story

Thai king approves banking exec Predee Daochai as finance minister

06/08 Thailand's king has approved veteran banking executive Predee Daochai as new finance minister, the official Royal Gazette said, handing him the task of navigating Southeast Asia's worst performing economy through the coronavirus pandemic.. . .  Full story

SGX's regulatory unit seeks wider powers to crack down on errant firms

06/08 Singapore Exchange's regulatory unit is seeking more powers to publicly reprimand companies breaching listing rules, while also making it mandatory for firms to have a whistleblowing policy.. . .  Full story

China's CITIC Group to cut expenses by $1.4 bln -document

06/08 State-owned Chinese conglomerate CITIC Group Corp aims to cut 10 billion yuan ($1.44 billion) in administrative expenses this year to counter an economy weakened by COVID-19, according to a internal document seen by Reuters on. . .  Full story

Nintendo posts five-fold profit jump as Animal Crossing sales top 22 mln

06/08 Japan's Nintendo Co Ltd on Thursday reported a more than five-fold jump in quarterly profit, driven by breakout demand for its Switch device and hit title "Animal Crossing: New Horizons" as the coronavirus lockdown lifts. . .  Full story

HK shares end lower as Sino-U.S. tensions, economic worries weigh

06/08 Hong Kong shares ended lower on Thursday as Sino-U.S. tensions added to the existing woes about economic fallout, with U.S. Fed policymakers saying a rise in COVID-19 cases in the United States is slowing. . .  Full story

Shanghai share index closes higher for fifth day on financials boost

06/08 China's benchmark Shanghai Composite Index ended higher for a fifth straight session on Thursday, as a rally in financial and materials stocks offset worries about rising Sino-U.S. tensions that had earlier weighed on the index.. . .  Full story

Papua New Guinea's Ok Tedi copper mine halts output over COVID cases

06/08 Papua New Guinea's Ok Tedi copper and gold mine has suspended operations for at least 14 days, after seven workers tested positive for the novel coronavirus, the mine operator said.. . .  Full story

Spotlight on Indonesia's slow stimulus as economy shrinks

06/08 Indonesia's efforts to support its economy through the coronavirus crisis were being hampered by the slow disbursement of a $50 billion stimulus plan, economists said.. . .  Full story

Abu Dhabi's Etihad Airways loses $758 mln in first half

06/08 Abu Dhabi's Etihad Airways said its core operating loss deepened to $758 million in the first half of the year as passenger traffic fell by nearly 60% due to the coronavirus pandemic.. . .  Full story

Foreigners' selling of Japanese stocks hits highest since mid-March last week

06/08 Foreigners turned net sellers of Japanese equities last week after three straight weeks of purchases, marking their biggest net offload since mid-March on renewed concerns about rising coronavirus cases and its impact on economic recovery.. . .  Full story

Japan stocks fall on grim earnings season; Toyota bucks trend

06/08 Japanese shares fell on Thursday as investors stayed away from risky bets amid a largely downbeat earnings season, though Toyota rose after unexpectedly avoiding a loss last quarter.. . .  Full story

South Korea tries to tame rampant real estate market

06/08 Since President Moon Jae-in took office in 2017, Seoul housing affordability has deteriorated to the worst on record despite tougher mortgage restrictions and new real estate taxes.. . .  Full story

Thai July headline CPI drops 0.98% y/y, smaller fall than forecast

06/08 Thailand's headline consumer price index (CPI) fell a smaller than expected 0.98% in July from a year earlier as food prices increased and domestic activity resumed after the easing of coronavirus curbs, the commerce ministry. . .  Full story

Singapore lender DBS profit skids 22% but pandemic-hit business steadying

06/08 DBS Group's quarterly profit slumped by a fifth as it boosted loan-loss provisions in pandemic-hit markets, but Southeast Asia's top lender said bad loans were steady and fee income was rising as economies bounced back. . .  Full story

JGB yields track Treasury yields higher; focus on upcoming bond auctions

06/08 Japanese government bond yields rose on Thursday, tracking a similar move in yields on Treasuries, as traders braced for increased supply of bonds coming to the market.. . .  Full story

China shares slip on Sino-U.S. tensions; consumer, healthcare stocks drag

06/08 China shares fell on Thursday, dragged down by consumer and healthcare firms, due to profit booking after four days of gains and as tensions between Washington and Beijing escalated further over a U.S. move. . .  Full story

Bank runs among China's small lenders on the rise

06/08 Reports of bank runs among China's small lenders have increased this year, fuelled by persistent online speculation over funding crunches and poor corporate governance in an economy weakened by COVID-19.. . .  Full story

Japan stocks drift lower ahead of Toyota earnings

06/08 Japanese shares edged lower in choppy trade on Thursday, weighed down by concerns about corporate profits ahead of Toyota Motor Corp's earnings announcement later in the day.. . .  Full story

Japan's climate change efforts hindered by biased business lobby -study

06/08 Japan's powerful business lobby Keidanren is dominated by energy-intensive sectors that represent less than 10% of the economy, resulting in national policies that favour coal and hindering attempts to combat climate change, a new study. . .  Full story

China urges checks on chemical storage safety after Beirut blast

05/08 China urged nationwide inspections of hazardous chemical storage sites on Wednesday to limit the risk of major accidents, in the wake of the deadly explosions in Lebanon a day earlier.. . .  Full story

Vietnam health official says expects virus outbreak to peak in 10 days

05/08 Vietnam's novel coronavirus outbreak that began late last month in the central costal city of Danang will peak in the next 10 days, the deputy minister of health told local media on Wednesday.. . .  Full story

BOJ's Kuroda warns of renewed constraints on Japan economy from pandemic

05/08 Bank of Japan Governor Haruhiko Kuroda warned that economic activity could be constrained "significantly" again if strict public health measures are reinstated to prevent a further spread of the coronavirus pandemic.. . .  Full story

Telkom Kenya pulls the plug on merger with Bharti Airtel

05/08 Telkom Kenya said on Wednesday it was no longer looking to merge its business with the Kenyan unit of India's Bharti Airtel, citing challenges of securing the required regulatory approvals for. . .  Full story

Egyptian-operated ship was unloading Ukrainian wheat in Beirut as port blast hit - director

05/08 An Egyptian-operated ship was unloading 5,000 tonnes of Ukrainian wheat in Beirut when a powerful blast ripped through the port but the cargo is "in good condition," the shipping company's operations director told Reuters on. . .  Full story

Indonesian economy shrinks for first time since 1999 in Q2

05/08 Indonesia's economy had its first quarterly contraction in over two decades, official data showed on Wednesday, with the government promising faster stimulus spending in coming months after a battering from the coronavirus pandemic.. . .  Full story

China's power use hits record on economic recovery, hot weather

05/08 China's power use surged to a historic high this week as economic activity picked up further after coronovirus-related lockdowns and a heat wave drove up demand for cooling appliances, state media reported late on Wednesday.. . .  Full story

After blast, Lebanon has less than a month's grain reserves

05/08 Lebanon's main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month's reserves of the grain but enough flour to avoid a crisis, the economy minister. . .  Full story

Foreign investment in Dubai plummets in first half 2020

05/08 Foreign direct investment in Dubai fell by 74% in the first half of the year compared with the same period of 2019, as the coronavirus pandemic stalled parts of the global economy.. . .  Full story

Asia Distillates-Gasoil spot premiums linger near 2-mth lows, prompt-month spread widens

05/08 Asia's cash premiums for 10ppm gasoil lingered near their lowest levels in more than two months on Wednesday, while the prompt-month spread for the industrial fuel grade in Singapore deepened its contango structure.. . .  Full story

More businesses in India re-open even as COVID-19 cases surge

05/08 India reported on Wednesday 52,509 new cases over the novel coronavirus, taking its tally of infections to more than 1.91 million, nevertheless authorities eased restrictions aimed at limiting its spread, allowing gyms and yoga studios. . .  Full story

After port blast, Lebanon has less than a month's grain reserves, says minister

05/08 Lebanon has enough grain reserves for "a bit less than a month" after an explosion at Beirut port destroyed the nation's main silo, Economy Minister Raoul Nehme told Reuters on Wednesday.. . .  Full story

Hong Kong stocks end higher on global stimulus, recovery hopes

05/08 Hong Kong shares ended higher on Wednesday, tracking gains in Asia and mainland China, on hopes for more economic stimulus from global policymakers and a gradual recovery in the Chinese economy.. . .  Full story

Honda sees 68% drop in annual profit as coronavirus slams car sales

05/08 Japan's Honda Motor Co on Wednesday forecast a 68% decrease in annual operating profit to a 10-year low with global demand for cars expected to slide because of the coronavirus pandemic.. . .  Full story

China shares extend gains as investors hold out for recovery

05/08 China stocks on Wednesday ended higher for the fourth straight session, as investors clung to hopes of a post-pandemic recovery in the world's second-largest economy while the heavyweight services sector continued to expand.. . .  Full story

Japanese automakers post double-digit China sales growth in July

05/08 Japanese automakers' China sales grew by more than 10% from a year earlier in July as the world's biggest auto market sustained its recovery.. . .  Full story

Japan stocks fall from one-week high on dour earnings, firmer yen

05/08 Japanese shares retreated from a one-week high on Wednesday as downbeat earnings reports underscored the economic blow from the COVID-19 pandemic and a firmer yen weighed on exporters.. . .  Full story

India's c.bank likely to cut rates despite inflation risk

05/08 India's worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its policy review on Thursday, in spite of inflationary pressures.. . .  Full story

India's services activity contracted for fifth straight month in July - PMI

05/08 India's dominant services industry, a key driver of economic growth, shrank for a fifth straight month in July as restraining measures to stop the spread of the coronavirus hurt business activity and led to record. . .  Full story

JGB yields fall, curve flattens as recovery hopes lose steam

05/08 Japanese government bond yields fell on Wednesday and the yield curve flattened, as hopes for a swift economic recovery from the coronavirus outbreak started to fade.. . .  Full story

China stocks rise as economic rebound hopes stay intact

05/08 China stocks rose marginally on Wednesday as investor confidence in the country's economic upswing stayed intact, though a drop in financials tamed the broader market's strength.. . .  Full story

Investors raise concerns about migrant workers' rights in Gulf

05/08 A group of investors is raising concerns about the treatment of migrant workers in the Gulf, warning that labour practices risk leading to abuses such as modern slavery.. . .  Full story

Japan considering extending special employment subsidy - labour min official

05/08 Japan is considering extending a special employment subsidy to help firms hit by the coronavirus pandemic that would keep furloughed workers on the payroll, but no decision has been made yet, a labour ministry. . .  Full story

Malaysia July-end palm oil stocks expected to hit 3-year low

05/08 Malaysia's palm oil inventories at end-July likely plunged 11.94% from June to three-year lows, as production slumped due to a worsening labour shortage amid the coronavirus outbreak. July stockpiles in. . .  Full story

Japan stocks fall from one-week high on concerns over corporate earnings

05/08 Japanese shares retreated from a one-week high on Wednesday as downbeat earnings reports underscored the economic blow from the COVID-19 pandemic and a firmer yen weighed on exporters.. . .  Full story

China's services sector expands at slower pace in July - Caixin PMI

05/08 Growth in China's services sector slowed in July from a decade high the previous month, as new export business fell and job losses continued, an industry survey showed on Wednesday, pointing to cracks. . .  Full story

Fragmentation of financial regulation hindering COVID response: industry group

05/08 Banks' obligations to keep cash ‘ring-fenced’ within countries could reduce lending to Asian economies grappling with the fallout from the new coronavirus outbreak, a financial industry group said on Wednesday in a report.. . .  Full story

Pandemic woes keep Japan's service sector in decline at start of third quarter - PMI

05/08 Japan's services sector contracted for a sixth straight month in July, suggesting economic activity remained under pressure from the coronavirus crisis as the third quarter got under way.. . .  Full story

S.Korea to step up property mkt regulation, probe transactions of homes worth over 900 mln won

05/08 South Korea's finance ministry said on Wednesday it will hold meetings with the relevant officials to review the property market every week and discuss further measures to eradicate speculative transactions in the market.. . .  Full story

Japan short of rescue plans for regional lenders hit by pandemic

05/08 The coronavirus pandemic is deepening the pain for Japan's regional lenders, heightening concerns that a potential wave of business closures will test policymakers' ability to avert a damaging banking-sector crisis.. . .  Full story

Latest on the worldwide spread of the coronavirus

04/08 President Donald Trump said the coronavirus outbreak is as under control as it can get in the United States, where at least 155,000 people have died amid a patchy response to the public health. . .  Full story

President of Belarus accuses Russia of lying, warns of revolution plot

04/08 Belarusian President Alexander Lukashenko accused Moscow on Tuesday of lying in a row about the arrest of a group of Russian security contractors in Minsk, and said unnamed forces were plotting a revolution that. . .  Full story

India app ShareChat in talks with Sequoia, others to raise up to $200 mln-sources

04/08 Indian content-sharing platform ShareChat is in early-stage talks with U.S.-based Sequoia Capital and some other investors to raise up to $200 million, which could value the company at over $1 billion, three sources aware of. . .  Full story

Asia Distillates-Gasoil cash premiums, cracks drop to multi-week lows

04/08 Asian refining margins for 10ppm gasoil plunged to their weakest in two months on Tuesday, while cash premiums for the industrial fuel fell to a nine-week low, as traders were worried that near. . .  Full story

Congo to suspend value-added tax exemption for mining imports

04/08 Democratic Republic of Congo's government has decided to suspend the value-added tax (VAT) exemption on mining companies' imports in an effort to bolster state revenue, the budget minister said.. . .  Full story

China will encourage integrated circuit and software firms to list at home and abroad

04/08 China will encourage qualified integrated circuit and software firms to list and raise money at home and abroad, and speed up the domestic listing review process, the state council said on Tuesday.. . .  Full story

Telco SoftBank's Q1 cash flow jumps 50% as broader group retrenches

04/08 SoftBank Group Corp's domestic wireless unit raised its free cash flow 50% in its first quarter, part of a broader effort to stabilise the group and help it weather the coronavirus outbreak.. . .  Full story

Nippon steel may hasten and extend restructuring measures

04/08 Japan's top steelmaker Nippon Steel could hasten and extend restructuring measures to contend with the tough business environment created by the Covid-19 pandemic, it said after posting its biggest first-quarter loss since 2012.. . .  Full story