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Markets

Damage from fire at Renesas chip factory worse than first thought

TOKYO :Renesas Electronics Corp now believes damage from a fire at its chip-making plant was more extensive than first thought, the Nikkei daily newspaper reported on Monday.

Markets

Oil edges lower as salvage operation in Canal goes on

Oil was slightly lower on Monday, relatively placid after four sessions of wild swings in price, as efforts continued to dig out the giant container ship clogging the Suez Canal and little new emerged in the demand picture.

Markets

5 injured, hundreds evacuated after massive blaze at Indonesia oil refinery

JAKARTA: Indonesian state oil company Pertamina said on Monday (Mar 29) it was trying to control a massive fire at its Balongan oil refinery in West Java that injured five people and led to the evacuation of 950 nearby residents. The fire began just after midnight on Sunday evening, media...

Markets

Asia shares, dollar look to US infrastructure spree

Asian shares inched higher and the U.S. held near multi-month peaks on Monday as the chance of yet more trillions in U.S. fiscal spending underpinned the outlook for global growth.

Markets

Nomura flags potential significant loss at US unit

Nomura Holdings Inc said on Monday it discovered a case that could subject one of its U.S. units to "a significant loss" arising from transactions with a U.S. client.

Markets

Japan’s biggest banks face climate votes at AGMs as activism grows

Mitsubishi UFJ Financial Group, and Sumitomo Mitsui Financial Group, Japan's two biggest banks, are being targeted with climate resolutions from activist shareholders at their annual shareholder meetings.

Markets

Commentary: CapitaLand’s restructuring could provide higher returns for shareholders

CapitaLand has said that the purpose of the restructuring is to be more asset light, which is the Holy Grail of businesses these days, says David Kuo.

Markets

Pay for shoes in instalments? ‘Buy now, pay later’ shopping gaining ground in Singapore

SINGAPORE: Ms Doleries Kwok was about to complete her purchase for a pair of Adidas slip-on shoes on e-retailer Zalora when she noticed a new payment option. It was a “buy now, pay later” (BNPL) service called Rely, which could split the S$90 payment into three equal monthly instalments...

Markets

More insurers to launch claims-based pricing for Integrated Shield riders

MORE insurers are launching claims-based pricing for Integrated Shield (IP) riders, in an effort to shore up their underwriting results and eventually dampen future premium hikes.

Markets

How to play your (credit) cards right

SOME months before the world came to a Covid-induced standstill, this reporter found herself huffing and puffing in a crowded Bangkok airport, making it to the connecting flight to Tokyo by the skin of her teeth.

Markets

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