Asia Business

Carrefour franchisee to open first Ugandan store

18/06 Carrefour will open its first store in Uganda this year, expanding in the region after a successful launch in neighbouring Kenya, the Dubai-based operator of the French retailer's outlets said on Tuesday.  Full story

China, HK stocks climb on hopes of trade truce, policy easing

06h42 China and Hong Kong stocks extended their rally on Thursday as signs that Beijing and Washington are returning to the negotiating table after a long lull lifted risk appetite.. . .  Full story

Indonesia plans more tax breaks to lift GDP growth - finmin

06h12 Indonesia plans to cut several different taxes to boost investment and accelerate economic growth, its finance minister said on Wednesday, after noting the government's 2019 growth target may be hard to reach.. . .  Full story

BOJ holds fire on policy, joins Fed in warning of mounting global risks

06h08 The Bank of Japan kept monetary policy steady on Thursday, preferring to save its dwindling ammunition as a darkening global growth outlook prompts other major central banks to drop hints of additional stimulus.. . .  Full story

SE Asia Stocks-Most gain as Fed hints at rate cuts; Philippines slips

06h02 Most Southeast Asian stock markets edged higher on Thursday, as dovish comments from the U.S. Federal Reserve boosted global equities, while signs that Sino-U.S. trade talks were set to resume also helped sentiment.. . .  Full story

Evergrande-backed Shengjing Bank halts share trading, cites proposed transaction

05h58 Chinese regional lender Shengjing Bank Co Ltd halted trading in its Hong Kong-listed shares on Thursday, citing a proposed transaction.. . .  Full story

Nikkei hovers at 6-week highs after dovish Fed statement

04h34 Japan's Nikkei rose on Thursday and hovered at six-week highs after the U.S. Federal Reserve signalled it was ready to cut interest rates to support the economy, but gains were. . .  Full story

Sierra Leone president opens bids for 7 km airport bridge

19/06 Sierra Leone's president opened a tender process on Wednesday for building a 7 km bridge at a cost of up to $2 billion to link Freetown to the country's only international airport.. . .  Full story

Himalayan glaciers melting far faster this century - study

19/06 Himalayan glaciers have been melting twice as fast since the start of this century, underscoring the threat the climate crisis poses to water supplies for hundreds of millions of people across Asia, according to a. . .  Full story

India plans to exempt electric vehicles from registration fee

19/06 India has issued draft rules to exempt electric vehicles from paying registration fee, the government said in a statement on Wednesday, as it looks to cut its dependence on fossil fuels.. . .  Full story

Turkish opposition questions credibility of inflation data

19/06 Turkey's main opposition party filed a motion to parliament on Wednesday saying that adjustments to the methodology used by Turkey's Statistical Institute (TUIK) when calculating inflation were unprecedented and damaged credibility.. . .  Full story

Indonesia to restore 200,000 hectares of peatland this year

19/06 Indonesia's Peatland Restoration Agency said on Wednesday that it aims to restore 200,000 hectares of peatland in 2019, as it races to reach a 1 million hectare restoration target by the end of next. . .  Full story

China cabinet says will stabilise investment growth

19/06 China will stabilise investment growth and avoid duplicate investment projects, state radio quoted the cabinet as saying on Wednesday.. . .  Full story

Chinese worker killed in clashes at Bangladesh power plant

19/06 Clashes erupted between Bangladeshi and Chinese construction workers at a Chinese-funded power station in southern Bangladesh on Wednesday in which a Chinese worker was killed, the manager said.. . .  Full story

SE Asia Stocks-End higher on hopes of central banks' stimulus boost

19/06 Southeast Asian stocks closed firmer on Wednesday as European Central Bank President Mario Draghi's comments indicating the possibility of fresh rate cuts fuelled hopes of a worldwide wave of central bank stimulus.. . .  Full story

Israel wants public to invest in infrastructure projects

19/06 Israel is creating a system for new publicly traded funds to invest in a multi-billion dollar pipeline of infrastructure projects, a move that would lower finance costs and offer the public new investments with tax. . .  Full story

Hong Kong stocks post best day in 7 months on trade talk, easing hopes

19/06 Hong Kong stocks on Wednesday posted their best session since November 2018 as mood turned optimistic about Sino-U.S. trade talks, and as investors expected a worldwide wave of policy easing by central banks.. . .  Full story

OPEC, non-OPEC to meet next on July 1-2 - OPEC website

19/06 OPEC has agreed to move its next meeting to July 1, followed by a meeting with non-OPEC allies on July 2, according to new dates posted on the website of the Organization of the. . .  Full story

Indonesia eases luxury sales tax for property to boost sales

19/06 Indonesia said on Wednesday it has raised the price threshold at which luxury sales tax is applied to houses and apartments to support the property sector and encourage home buying.. . .  Full story

BOJ official warns of rise in property-sector lending

19/06 Japan's property market has yet to show signs of over-heating but warrants attention as financial institutions are increasing their lending to the sector, a senior central bank official said on Wednesday.. . .  Full story

Nikkei ends near 6-week highs on hopes for trade talks, Fed rate cut

19/06 Japan's Nikkei rallied hard to end near six-week highs on Wednesday on news that the United States and China will revive talks on trade, while expectations the U.S. Federal Reserve will cut rates this. . .  Full story

In India, all eyes on a monsoon that is critical for the economy

19/06 India's monsoon has progressed more slowly than usual after hitting the southern state of Kerala nearly a week late. Monsoon rains have been 44% lower-than-average so far in June, delaying the sowing of summer-sown crops. . .  Full story

Most SoftBank Vision Fund investors want to join second fund -CEO Son

19/06 Most investors in SoftBank Group Corp's $100 billion Vision Fund want to join the group's forthcoming second fund, and discussions with those investors will begin soon, SoftBank founder and Chief Executive Masayoshi Son said on. . .  Full story

JGB yields hit almost 3-year low after ECB chief's dovish stance

19/06 Japanese government bond yields skidded to the lowest in nearly three years as European Central Bank President Mario Draghi's dovish comments contributed to a rally in global bond prices.. . .  Full story

China, Hong Kong stocks rally on trade, easing hopes

19/06 Stocks in China and Hong Kong jumped on Wednesday as Washington and Beijing looked to rekindle trade talks and confirmed Presidents Donald Trump and Xi Jinping would meet later this month.. . .  Full story

Toyota snub dents Saudi Arabia's manufacturing drive

19/06 Saudi Arabia began courting Toyota two years ago to build a large car plant as part of Crown Prince Mohammed bin Salman's grand plan to wean the kingdom off oil revenues and create jobs. . .  Full story

Nikkei surges to 4-week highs on hopes for trade talks and U.S. rate cut

19/06 Japan's Nikkei surged to four-week highs on Wednesday morning on news that the United States and China will rekindle talks on trade, while ongoing expectations that the U.S. Federal Reserve will cut rates this year. . .  Full story

China and Hong Kong stocks open higher on trade optimism

19/06 China and Hong Kong stocks opened sharply higher on Wednesday morning, tracking a robust global rally, after Washington rekindled trade talks with Beijing, boosting sentiment that was already rising on prospects for U.S. interest rate. . .  Full story

ANALYSIS-South Korea fires up on renewables, to close more coal plants

19/06 As renewable energy powers up in South Korea, coal-fired generation, long the bedrock of the country's electricity supply, is being tapped to give up room.. . .  Full story

OPEC still struggling with meeting dates, proposes July 1-2 -sources

18/06 OPEC has again proposed to move dates of its next meeting, now suggesting July 1-2, two sources familiar with the matter said, as Saudi Arabia, Iran and non-OPEC Russia are struggling to agree a. . .  Full story

Greece, Cyprus pressure EU to act over Turkey gas drilling as Ankara digs in

18/06 Cyprus and Greece heaped pressure on the EU on Tuesday to take action against Turkey over gas drilling in disputed waters, as Ankara said it would step up exploration in a move that could. . .  Full story

SE Asia should ban imports of foreign trash - environmentalists

18/06 Environmental groups called on Tuesday for Southeast Asian countries to ban waste imports from developed countries to help tackle a plastic pollution crisis, as regional leaders prepare to meet this week in Bangkok.. . .  Full story

World Bank lends $918 million for Pakistan tax reforms

18/06 Pakistan and the World Bank signed on Tuesday a $918 million loan agreement to support the economy, reform the tax system and broaden the revenue base.. . .  Full story

SE Asia Stocks-Most end firmer in cautious trade; investors await Fed outcome

18/06 Most Southeast Asian stock markets closed higher on Tuesday, but gains were capped as investors kept a cautious stance ahead of the U.S. Federal Reserve meeting set to begin later in the day.. . .  Full story

Japan govt sticks to "moderate" economic view despite global risks

18/06 Japan's government left its assessment of the economy unchanged in June, after revising it down twice in the past three months, even as the escalating U.S.-China trade war threatens to take a heavier toll. . .  Full story

Vietnam culls 2.5 mln pigs to halt African swine fever outbreak - officials

18/06 Vietnam has culled more than 2.5 million pigs to contain the spread of an African swine fever outbreak that is in danger of infecting every province of the country, an agriculture ministry official said. . .  Full story

Turkish industrial output slides 4% in April on renewed lira weakness

18/06 Turkish industrial production fell a greater-than-expected 4.0% year-on-year in April, the Turkish Statistical Institute said on Tuesday, reflecting the impact of renewed lira weakness as the index declined for an eighth consecutive month.. . .  Full story

Hong Kong stocks end firmer, Fed jitters cap gains

18/06 Hong Kong stocks closed higher on Tuesday, extending a rally from the previous session, aided by strong inflows from the mainland even as the protests subsided.. . .  Full story

Two Bank of Korea board members saw case for rate cut in May - minutes

18/06 Two of the Bank of Korea's seven board members saw the need for a cut in the policy interest rate at its May 31 meeting, although only one of them voted to do. . .  Full story

Indonesia's Amman Mineral to cut copper concentrate exports, boost local sales

18/06 Indonesian copper miner Amman Mineral Nusa Tenggara said on Tuesday it expects to export about 236,000 tonnes of copper concentrate in 2019, below its export quota, as it increases shipments to a local smelter.. . .  Full story

China stocks edge higher in thin trade ahead of Fed meeting

18/06 China stocks inched higher on Tuesday in thin trade as market participants exercised caution ahead of the U.S. Federal Reserve's two-day policy meeting.. . .  Full story

South Korea fires up on renewables, to close more coal plants

18/06 As renewable energy powers up in South Korea, coal-fired generation, long the bedrock of the country's electricity supply, is being tapped to give up room.. . .  Full story

Japanese stocks slide, trade subdued as investors await Fed meeting

18/06 Japan's Nikkei dropped to a 1-1/2-week low in choppy trade on Tuesday but most investors stayed on the sidelines ahead of a U.S. central bank policy decision later in the week.. . .  Full story

JGBs edge up on decent results at 5-yr bond auction, soft domestic stocks

18/06 Japanese government bond prices gained on Tuesday due to decent results at five-year bond auction and as domestic share prices dipped on uncertainties over the global economic outlook and Sino-U.S. trade frictions.. . .  Full story

China stocks hold steady ahead of Fed meeting; Hong Kong up

18/06 China stocks held steady on Tuesday morning as market participants exercised caution ahead of the U.S. Federal Reserve's two-day policy meeting.. . .  Full story

POLL-Indonesia seen keeping key rate steady, more chance of cut later

18/06 Bank Indonesia is expected to keep its benchmark interest rate steady at a policy review on Thursday, but it may begin to follow other Asian central banks by cutting later this year, a Reuters. . .  Full story

Indonesia's Pertamina, Saudi Aramco extend refinery talks for 3 mths

18/06 Indonesian state energy company PT Pertamina on Tuesday said it was extending negotiations with Saudi Aramco on the potential joint development of an oil refinery in the country by another three months.. . .  Full story

Philippine c.bank seen cutting rates this week in close call

18/06 The Philippine central bank is expected cut benchmark rates for the second meeting in a row on Thursday, though a Reuters poll suggested it would be a close call as policymakers try to strike. . .  Full story

Nikkei dips as investors await Fed meeting

18/06 Japan's Nikkei edged lower in choppy trade on Tuesday but most investors stayed on the sidelines ahead of a U.S. central bank policy decision later in the week.. . .  Full story

China's home prices growth fastest in 5 months, raises policy challenge

18/06 New home prices in China rose at their fastest pace in five months in May, complicating government efforts to keep frothy housing markets under control as it rolls out more stimulus for the slowing. . .  Full story

Iran oil minister says oil market is 'fragile and unstable'- IRIB

17/06 The global oil market is “unstable and fragile”, Iranian Oil Minister Bijan Zanganeh told Russian Energy Minister Alexander Novak in a meeting in Tehran, Iran state broadcaster IRIB said on Monday.. . .  Full story

Iran oil minister discusses 'global cooperation' with Russian counterpart -IRIB

17/06 Iranian Oil Minister Bijan Zanganeh on Monday met his Russian counterpart in Tehran and said the two countries discussed global cooperation in energy sector, state broadcaster IRIB said.. . .  Full story

Israel's ORL delivers first cargo of IMO-spec marine fuel -sources

17/06 Israel's Oil Refineries (ORL) recently delivered its first cargo of 0.5% sulphur content marine fuel, complying with incoming new IMO rules, a trading source said on Monday.. . .  Full story

Lenders seek Jet Airways bankruptcy in last-ditch sale effort

17/06 Jet Airways' creditors said on Monday they plan to begin insolvency proceedings against the Indian airline in a last-ditch bid to find a buyer for the carrier or its remaining assets and recover some. . .  Full story

Egypt's Tourah Cement stops production due to oversupply

17/06 Egyptian cement maker Tourah Cement, a subsidiary of Germany's HeidelbergCement , says it has suspended production because of financial distress caused by oversupply in the Egyptian market and is considering liquidation.. . .  Full story

Battle of the books: An intellectual struggle is underway over the BOJ's mission

17/06 The Bank of Japan's staff bookstore underscores the intellectual battle lines in what has become a renewed debate over the central bank's mission and a contest to define Governor Haruhiko Kuroda's legacy.. . .  Full story

From sushi robots to farm drones: Japan Inc. innovation thwarts BOJ's efforts

17/06 PASTRY SCANNER: A worker at the Andersen bakery outlet at Ueno station in Tokyo uses a checkout scanner to calculate the price of pastries. REUTERS/Kaori Kaneko. . .  Full story

-Etihad hires former Aer Lingus executive as new CFO

17/06 Etihad Airways has appointed former Aer Lingus chief financial officer Andrew MacFarlane as its new group CFO, a spokesman for the Abu Dhabi airline said on Monday.. . .  Full story

Saudi Energy Minister calls for collective effort to secure shipping lanes

17/06 Saudi Arabian Energy Minister Khalid al-Falih said on Monday that countries need to cooperate on keeping shipping lanes open for oil and other energy supplies after last week's tanker attacks in the Middle East. . .  Full story

Aleppo's scattered business owners have yet to return home

17/06 In the old khan, a stone courtyard off Aleppo's medieval souk, most of the 41 cloth shops are deserted. Many of the owners moved elsewhere or went abroad to escape fighting in the historic. . .  Full story

China urges big lenders not to shun small non-banks after Baoshang's woes - sources

17/06 China's securities watchdog has told several large non-bank financial institutions to lend in the interbank market to smaller non-bank firms to help ease any cash shortfalls, sources with direct knowledge of the matter told Reuters. . .  Full story

Summer crop sowing lags in India on slow monsoon progress

17/06 Planting of summer-sown crops in India such as soybean, cotton, rice and corn has been delayed by at least two weeks because of the slow progress of monsoon rains in central and western parts. . .  Full story

China EV maker Human Horizons says to produce cars from Kia Motors' China plant

17/06 China's new electric vehicle (NEV) maker Human Horizons said on Monday that it will use a Kia Motors' joint venture plant to make its first model, according to a company statement published on its. . .  Full story

Hong Kong regulator probing book-building for equities and bonds

17/06 Hong Kong's securities regulator is reviewing how banks build books for equity and debt capital raisings, one of the city's top regulators said on Monday, warning about potential conflicts of interest.. . .  Full story

SE Asia Stocks-Slip as investors cautious ahead of cenbank policy meetings

17/06 Southeast Asian stock markets settled lower on Monday as investors exercised caution ahead of key central bank policy meetings later this week, while political ructions in the Middle East and Hong Kong stifled risk. . .  Full story

China's top steel city Tangshan summons 48 firms over air pollution

17/06 China's top steelmaking city of Tangshan has summoned executives from 48 regional companies with high pollution emissions to a meeting and ordered them to trim output to reduce the smog.. . .  Full story

HK shares end firmer as protests subside; focus on Fed meet

17/06 The Hong Kong stock market closed higher on Monday as local officials suspended efforts to push for a controversial law, de-escalating mass protests, but trading was muted ahead of the U.S. Federal Reserve meeting. . .  Full story

China's local goverments issued $22.8 bln of special bonds in May

17/06 China's local governments issued 157.9 billion yuan ($22.81 billion) worth of special bonds in May, up from 94.5 billion yuan in the previous month, the finance ministry said on Monday.. . .  Full story

Singapore monetary easing bets rise on gloomy export data

17/06 Singapore's non-oil domestic exports (NODX) declined the most in more than three years in May due to a slump in shipments to China, data showed on Monday, prompting economists to raise bets on the. . .  Full story

Japanese shares struggle on trade, economic uncertainties

17/06 Japanese share prices struggled to make headway on Monday as uncertainties over the global economy, U.S.-China trade frictions and the U.S. Federal Reserve's policy stance kept many investors on sidelines.. . .  Full story

ADB says loan talks ongoing after Pakistan claims $3.4 bln agreed

17/06 The Asian Development Bank said talks to provide Pakistan with financial support were ongoing, contradicting Pakistani officials who announced over the weekend that the lender has agreed to provide $3.4 billion in support.. . .  Full story

China plans pilot nuclear reactor for heating in northeast

17/06 China plans to build a pilot small-scale nuclear reactor that could replace coal or gas to heat towns and cities in its colder northern regions, an official with the state-owned developer in charge of. . .  Full story

Taiwan c.bank seen leaving rates unchanged amid trade war worries

17/06 Taiwan's central bank is expected to leave its policy rate unchanged at its meeting on Thursday, a Reuters poll showed, amid renewed worries that an escalating U.S.-China trade war will hurt the island's trade-reliant economy.. . .  Full story

China stocks inch down on economic uncertainties; HK climbs

17/06 China shares eased on Monday amid economic and trade uncertainties, but losses were curbed by hopes for further policy support and ahead of the U.S. Federal Reserve meeting.. . .  Full story

Shorter-dated JGBs slip, mood subdued ahead of Fed and BOJ meetings

17/06 Shorter-dated Japanese government bond prices tracked losses by U.S. Treasuries and slipped on Monday, with the overall market mood subdued ahead of this week's policy meetings by the Federal Reserve and the Bank of Japan.. . .  Full story

BOJ to stand pat even as trade war, dovish Fed cloud outlook

17/06 The Bank of Japan is expected to maintain its massive stimulus programme on Thursday and signal its readiness to ramp up monetary support if growing risks such as the escalating U.S.-China trade war threaten. . .  Full story

Nikkei tick up in sympathy with Hong Kong, outlook cloudy

17/06 Japanese share prices ticked up on Monday, erasing initial losses, after Hong Kong shares gained after Hong Kong's leader indefinitely delayed an unpopular extradition bill that would allow citizens to be sent to mainland China. . .  Full story

China 2018 thermal power investment lowest since 2004 -association

17/06 China's total investment in thermal power construction last year fell to its lowest level since 2004, according to data from an official industry group, as the country tried to restrict investment in polluting projects.. . .  Full story

Egypt in $500 million settlement with Israel Electric Corp -statement

16/06 Egypt has signed a $500 million settlement with state-owned Israel Electric Corp over a defunct natural gas deal, the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS) said in a statement on Sunday.. . .  Full story

Greek PM says may seek sanctions against Turkey in gas row

16/06 Greece and Cyprus will push their EU partners to penalise Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras. . .  Full story

Gulf stocks extend losses on tanker attacks, Saudi banks fall

16/06 Stock markets in the Gulf extended losses on Sunday reflecting a cautious mood among investors following last week’s oil tanker attacks. The attacks on the tankers in the Gulf of. . .  Full story

Chinese regulators will restructure Baoshang Bank as soon as possible

16/06 The Chinese government's takeover of Baoshang Bank has caused some pain but prevented bigger financial and social instability, and regulators will restructure the lender as soon as possible, a newspaper affiliated to China's central bank. . .  Full story

G20 agrees to tackle ocean plastic waste

16/06 Group of 20 environment ministers agreed on Sunday to adopt a new implementation framework for actions to tackle the issue of marine plastic waste on a global scale, the Japanese government said after hosting the. . .  Full story

Pakistan says to get $3.4 billion in budgetary aid from ADB

15/06 Pakistan will receive $3.4 billion in budgetary support from the Asian Development Bank (ABD), the de facto finance minister said on Saturday, as the government seeks help to overcome a ballooning balance of payments crisis.. . .  Full story

G20 energy ministers to collaborate to keep market stability

15/06 Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain stability in the oil market, Japan's Industry Minister Hiroshige Seko said. . .  Full story

S.Korea stops Iranian oil imports in May as sanction waivers end

15/06 South Korea halted all imports of Iranian oil in May, customs data showed on Saturday, as waivers on U.S. sanctions against Iran ended at the start of last month.. . .  Full story

Moody's downgrades Turkey rating to B1, ministry challenges move

14/06 Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, saying the risk of a balance of payments crisis continued to rise, and with it the risk of a government default.. . .  Full story

Moody's downgrade not in accordance with Turkish indicators - ministry

14/06 The Turkish Treasury and Finance Ministry said a Moody's downgrade of Turkey's sovereign rating on Friday was not in accordance with the country's economic indicators.. . .  Full story

Asia Gold-India discounts at 5-month high; buying picks up in China, Singapore

14/06 Physical gold discounts in India widened to their biggest in five months this week as an upsurge in local prices dampened purchases, while China and Singapore saw demand rise from investors looking to hedge against. . .  Full story

India minister says confident airline capacity problems will be solved

14/06 India's new civil aviation minister said on Friday he is confident that airline capacity shortage problems following the grounding of Jet Airways Ltd will be solved, in the government's first comments about the issue. . .  Full story

Shanghai bourse details steps to curb abnormal trading on new tech board

14/06 The Shanghai Stock Exchange (SSE) said on Friday it would closely monitor any abnormal trading patterns on its newly-launched Nasdaq-style tech board, in a bid to curb financial risks and protect investors interests.. . .  Full story

SE Asia Stocks-Most fall on poor China industrial output data, Philippines worst hit

14/06 Most Southeast Asian stock markets fell on Friday, with Philippines leading declines, as disappointing output growth in China frayed investor sentiment and curbed risk appetite. Industrial output growth in China,. . .  Full story

China c.bank to increase re-discount, SLF quotas to support banks

14/06 China's central bank said on Friday it will increase the re-discount quota by 200 billion yuan ($28.88 billion) and the standing lending facility quota by 100 billion yuan, marking its latest step to boost. . .  Full story

China's May crude runs drop from peak, but natgas output surges

14/06 +China's crude oil throughput in May rose from a year earlier but eased from a record reached in April, government data showed on Friday, as refiners curbed output amid weakening fuel demand.. . .  Full story

Hong Kong stocks inch down on China growth worries

14/06 The Hong Kong stock market fell for the third straight session on Friday and pared of some its weekly gains, as China reported lacklustre industrial production data. ** At the close of trade, the Hang. . .  Full story

China shares end lower as trade dispute looms; but post weekly gain

14/06 China stocks ended weaker on Friday, as investors kept a cautious stance ahead of data that was released after market hours, while U.S. tariff threats continued to weigh. ** At close, the Shanghai Composite index. . .  Full story

China's May property sales post biggest drop since Oct 2017

14/06 China's property investment growth cooled in May and sales saw their biggest decline since October 2017, suggesting the frothy housing market may not be able to cushion the effects of a slumping manufacturing sector and. . .  Full story

World needs to embrace hydrogen challenge, cut costs - IEA

14/06 The world should take up the challenge to boost the use of hydrogen as a potentially emissions-free source of energy, the International Energy Agency (IEA) said on Friday in its first major report on. . .  Full story

China Jan-May fiscal revenues rise 3.8% y/y

14/06 China's fiscal revenues in the first five months of the year rose 3.8% from the same period a year earlier, the finance ministry said on Friday.. . .  Full story

Japanese stocks buoyed by oil shares; Sony surges on hedge fund's break-up call

14/06 Japan's Nikkei rose on Friday, with energy shares rallying after attacks on two oil tankers in the Gulf of Oman pushed crude oil prices sharply higher.. . .  Full story

Hedge fund Third Point calls on Sony to spin off semiconductor unit

14/06 Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position. . .  Full story