News
Important Only
UPDATE 1-China urges Philippines to return to 'peaceful development'
Adds comments from Chinese foreign ministry throughout BEIJING, Dec 26 (Reuters) - China's foreign ministry on Thursday urged the Philippines to return to "peaceful development", saying Manila's decision to deploy a U.S. medium-range missile system in military exercises would only bring the risks...Reuters
Thu, Dec 26
China Eastern to debut C919 on Shanghai-Hong Kong route in January
BEIJING, Dec 26 (Reuters) - China Eastern Airlines 600115.SS will launch the first commercial cross-border service operated by C919 between Shanghai and Hong Kong on January 1, state-owned China Central Television (CCTV) said on Thursday. Currently, the three big state-owned airlines in China all op...Reuters
Thu, Dec 26
UPDATE 1-South Korea's Shinsegae to set up joint venture with Alibaba International
Changes sourcing, adds detailsSEOUL, Dec 26 (Reuters) - South Korean retailer Shinsegae 004170.KS Group plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart 139480.KS said on Thursday.The joint venture will be formed partly by Shinsegae investing its 100% stake in S...Reuters
Thu, Dec 26
BRIEF-Kaken Pharmaceutical Co Ltd - To Sell 2.29 Million Treasury Shares To Johnson & Johnson Innovation For 9.9 Billion Yen
Dec 26 (Reuters) - Kaken Pharmaceutical Co Ltd 4521.T:KAKEN PHARMACEUTICAL CO LTD - TO SELL 2.29 MILLION TREASURY SHARES TO JOHNSON & JOHNSON INNOVATION FOR 9.9 BILLION YENSource text: ID:nTSxz85020Further company coverage: 4521.TJNJ.N (Reporting by Kiyoshi Takenaka) ((kiyoshi.takenaka@thomsonreuter...Reuters
Thu, Dec 26
UPDATE 1-Japan's Nippon Steel extends closing date for U.S. Steel acquisition
Adds Nippon steel quotes and background from paragraph 3 TOKYO, Dec 26 (Reuters) - Japan's Nippon Steel 5401.T said on Thursday it has extended the closing period for its $15 billion purchase of U.S. Steel, expressing confidence that the acquisition will protect and grow the American company.The ...Reuters
Thu, Dec 26
South Korea's Shinsegae to set up joint venture with Alibaba International, Yonhap says
SEOUL, Dec 26 (Reuters) - South Korean retailer Shinsegae Group 004170.KS plans to set up a joint venture with Alibaba International, Yonhap reported on Thursday.AliExpress Korea and Shinsegae's e-commerce platform Gmarket will be incorporated into the joint venture, which will be set up in 2025. Bu...Reuters
Thu, Dec 26
China urges Philippines to return to 'peaceful development'
China's foreign ministry on Thursday urged the Philippines to return to "peaceful development", saying Manila's decision to deploy a U.S. medium-range missile system in military exercises would only bring the risks of an arms race in the region.Reuters
Thu, Dec 26
Japan's Nippon Steel revises closing date for U.S. Steel acquisition
TOKYO, Dec 26 (Reuters) - Japan's Nippon Steel 5401.T said on Thursday it revised the closing date for its purchase of U.S. Steel, expressing confidence that the acquisition will protect and grow the American company.The estimated closing date was revised to the first quarter of 2025 from the third ...Reuters
Thu, Dec 26
BRIEF-Nippon Steel - Estimated Date Of Closing Is Now First Quarter Of Calendar 2025
Dec 26 (Reuters) - Nippon Steel Corp 5401.T:REVISED ESTIMATED CLOSING DATE OF ACQUISITION OF U.S. STEELWE REMAIN CONFIDENT THAT THE ACQUISITION WILL PROTECT AND GROW U. S. STEELESTIMATED DATE OF CLOSING IS NOW FIRST QUARTER OF CALENDAR 2025Source textFurther company coverage: 5401.TReuters
Thu, Dec 26
JGB yields rise tracking US Treasury yields higher
TOKYO, Dec 26 (Reuters) - Japanese government bond (JGB) yields rose on Thursday, tracking rises in U.S. Treasury yields, while market participants sold bonds to adjust their positions in year-end trade.The 10-year JGB yield JP10YTN=JBTC rose 2 basis points (bps) to 1.085%. The two-year JGB yield JP...Reuters
Thu, Dec 26
Russian bank VTB says on track for record profit in 2024
MOSCOW, Dec 25 (Reuters) - Russia's second largest lender VTB said it will make a record profit in 2024 after reporting a January-November net profit of 452.2 billion roubles ($4.54 billion) - more than its entire full-year profit for 2023.The bank said it was still on track to hit the profit target...Reuters
Thu, Dec 26
PRESS DIGEST- New York Times business news - Dec 26
Dec 26 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President-elect Donald Trump appointed Florida county commissioner Kevin Marino Cabrera as ambassador to Panama, days after a...Reuters
Thu, Dec 26
UPDATE 1-Alibaba nears $4 bln JV deal with S.Korea's E-Mart, Bloomberg News reports
Adds details in paragraphs 2-4 Dec 26 (Reuters) - Alibaba Group 9988.HK is nearing a deal to merge its South Korean operations with E-Mart's 139480.KS e-commerce platform in a transaction that would value the new joint venture at about $4 billion, Bloomberg News reported on Thursday.The companies...Reuters
Thu, Dec 26
NEWSMAKER-Who is Han Duck-soo, South Korea's acting president facing impeachment?
Parliament to vote on Han's impeachment on FridayHan became interim leader after Yoon's impeachmentGovernment in gravest political crisis in four decadesUpdates Dec 14 Newsmaker after Han threatened with impeachmentBy Joyce Lee SEOUL, Dec 26 (Reuters) - Prime Minister Han Duck-soo, who became Sou...Reuters
Thu, Dec 26
BRIEF-Alibaba Is Said To Near $4 Bln Deal With Korea's E-Mart - Bloomberg News
Dec 26 (Reuters) - ALIBABA IS SAID TO NEAR $4 BILLION DEAL WITH KOREA’S E-MART - BLOOMBERG NEWSALIBABA IS SAID TO NEAR $4 BILLION DEAL WITH KOREA’S E-MART - BLOOMBERG NEWSALIBABA NEARING DEAL TO MERGE S.KOREAN OPERATIONS WITH E-MART INC.’S E-COMMERCE PLATFORM; DEAL TO VALUE NEW CO AT ABOUT $4 BILLIO...Reuters
Thu, Dec 26
Alibaba nears deal to merge S.Korean operations with E-Mart in $4 bln deal, Bloomberg News reports
Dec 26 (Reuters) - Alibaba Group Holding 9988.HK is nearing a deal to merge its South Korean operations with E-Mart's 139480.KS e-commerce platform in a transaction that would value the new joint venture at about $4 billion, Bloomberg News reported on Thursday.Talks are still ongoing and an agreemen...Reuters
Thu, Dec 26
UPDATE 2-Russia says it thwarts Ukrainian plots to kill high-ranking officers and their families
Adds more details on the plots MOSCOW, Dec 26 (Reuters) - Russia's Federal Security Service (FSB) said on Thursday that it had foiled several plots by Ukrainian intelligence services to kill high-ranking Russian officers and their families in Moscow using bombs disguised as power banks or documen...Reuters
Thu, Dec 26
PRESS DIGEST- Wall Street Journal - Dec 26
Dec 26 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Signify LIGHT.AS, formerly known as Philips Lighting, has been ordered by a German court to recall products allegedly infringing on patents ...Reuters
Thu, Dec 26
UPDATE 3-JAL's systems back to normal after cyberattack delayed flights
Releads with system recovery, details; paragraph 3 TOKYO, Dec 26 (Reuters) - Japan Airlines (JAL) 9201.T said on Thursday its systems returned to normal, with same-day ticket sales resuming, after a cyberattack delayed some domestic and international flights.The attack began at 7:24 a.m., affecti...Reuters
Thu, Dec 26
UPDATE 1-Russia's FSB says it thwarted Ukrainian plots to kill high-ranking officers and their families
Edits headline, adds quote, Russia's position MOSCOW, Dec 26 (Reuters) - Russia's Federal Security Service (FSB) said on Thursday that it had foiled a several plots by Ukrainian intelligence services to kill high-ranking Russian officers and their families in Moscow. Ukraine's SBU intelligence se...Reuters
Thu, Dec 26
