Rakuten says to book $990 million gain on Lyft investment

Rakuten says to book $990 million gain on Lyft investment
FILE PHOTO: Rakuten’s network facility for its under-construction mobile network is pictured in Tokyo, Japan, February 20, 2019. REUTERS/Kim Kyung-hoon/File Photo TOKYO (Reuters) – Japan’s Rakuten said on Monday it will book a 110 million yen ($989.74 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm’s listing last week. Rakuten become Lyft’s... Read More

Japan’s business confidence hits two-year low as trade war stings

Japan’s business confidence hits two-year low as trade war stings
TOKYO (Reuters) – Japan’s business mood slumped to a two-year low in the March quarter, a central bank survey showed, underscoring concerns that Sino-U.S. trade tensions and softening global demand were taking a toll on the export-reliant economy. FILE PHOTO: A worker walks near a factory at the Keihin industrial zone in Kawasaki, Japan February 28, 2017. REUTERS/Issei Kato/File Photo... Read More

Saudi Aramco world’s biggest oil producer in 2018: Fitch Ratings

Saudi Aramco world’s biggest oil producer in 2018: Fitch Ratings
FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo SINGAPORE (Reuters) – Saudi Aramco was by far the world’s biggest oil producer ahead of regional peers like Abu Dhabi National Oil Company (ADNOC) and listed oil majors Royal Dutch Shell,... Read More

Asian stocks surge on China’s factory comeback, trade talks progress

Asian stocks surge on China’s factory comeback, trade talks progress
TOKYO (Reuters) – Asian stocks rallied on Monday as positive Chinese factory gauges and signs of progress in Sino-U.S. trade talks supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to sterling’s woes. FILE PHOTO: A videographer films an electronic board showing the Japan’s Nikkei average (Top R) and related indexes at the Tokyo... Read More

Oil prices rise, adding to biggest quarterly gain in 10 years

Oil prices rise, adding to biggest quarterly gain in 10 years
TOKYO (Reuters) – Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy. FILE PHOTO: A view of Equinor’s oil platform in Johan Sverdrup oilfield in the North Sea, Norway August 22, 2018. REUTERS/Nerijus Adomaitis/File... Read More

Japan’s business mood hits two-year low as trade war stings

Japan’s business mood hits two-year low as trade war stings
TOKYO (Reuters) – Japanese business confidence worsened to a two-year low in the March quarter, a central bank survey showed, underscoring concerns that Sino-U.S. trade tensions and softening global demand were taking a toll on the export-reliant economy. FILE PHOTO: A worker walks near a factory at the Keihin industrial zone in Kawasaki, Japan February 28, 2017. REUTERS/Issei Kato/File Photo... Read More

Asia lifted as Wall Street climbs on trade developments, pound sags

Asia lifted as Wall Street climbs on trade developments, pound sags
TOKYO (Reuters) – Asian stocks rose on Monday, as signs of progress in U.S.-China trade talks and firmer Wall Street shares supported sentiment, although another defeat for British Prime Minister Theresa May’s proposed Brexit deal added to the pound’s recent woes. FILE PHOTO: A videographer films an electronic board showing the Japan’s Nikkei average (Top R) and related indexes at... Read More

Japan March factory output falls at fastest rate in nearly three years: PMI

Japan March factory output falls at fastest rate in nearly three years: PMI
TOKYO (Reuters) – Japanese manufacturing activity contracted at a slower pace in March than the previous month, but output fell at the sharpest rate in nearly three years, a private business survey showed on Monday, reflecting weak demand at home and abroad. FILE PHOTO: A man cycles past chimneys of facotries at the Keihin Industrial Zone in Kawasaki, Japan September... Read More