Oil prices rose more than a percent on Thursday, clawing back a part of the 6 percent slump in the previous session that was triggered by a shock jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish.
Asia/Pacific
Nippon Life seeks acquisition targets including asset management firms
Nippon Life Insurance Co [NPNLI.UL] is looking for acquisition targets both in developed and emerging markets, including asset managers in the United States, as the domestic-focused insurer seeks to diversify sources of income.
India's Ola raises about $314 million in fresh funding: company filing
India's biggest online cab-hailing service Ola has raised about $314 million in a fresh funding round from investors led by Russian billionaire Yuri Milner's DST Global, a company filing showed.
Toyota to start Tokyo trial of electric three-wheeler in green mobility push
Tokyoites will get a chance to zip around town on Toyota Motor Corp's three-wheeled electric car-motorbike from Friday, in a trial aimed at crafting a global business model to reduce gridlock and pollution.
China's first-quarter economic growth seen at six-year low of 7 percent
China's economy probably cooled further to grow 7 percent in the first three months of the year, a Reuters poll showed, which would be the weakest pace in six years and raise pressure on policymakers to do more to bolster growth.
Latest News
Asian stocks rose on Thursday, extending the previous session's gains, while the dollar drew support from minutes of the Federal Reserve's last meeting showing the U.S. central bank was still on course to hike interest rates this year.
China plans to open 10 new air corridors to help ease chronic air traffic congestion and address the problem of frequent flight delays, the official China Daily said on Wednesday, citing a senior aviation official.
The dollar took a step back on Wednesday but retained a bulk of its overnight gains after currency bulls scooped up the greenback following the tumble induced by weak U.S. non-farm payrolls late last week.
Singapore Telecommunications, Southeast Asia's largest telecommunications operator by revenue, is buying U.S.-based cyber-security firm Trustwave for $810 million, marking its biggest acquisition outside the main telecoms sector.
Brent crude prices fell almost $1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push for more oil sales.
Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon.
Hirotoshi Ogura, a self-described “factory geek”, is Daikin Industries' (6367.T) master of doing more with less – and part of the reason Japan’s recovery remains stuck in the slow lane.
Japan's Toyota Motor Corp (7203.T) will spend about 150 billion yen ($1.3 billion) to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.
China's top regulator has ruled that more than half of the 54 mitigation projects that recently sought to register for carbon credits are ineligible, it said on Friday, amid worries that a glut of permits is undermining its pilot carbon markets.
