H ONG KONG Asian markets looked to policymakers to help ease a cash shortage as cratering stock markets triggered a rush to dollars, driving many regional currencies lower and threatening a surge in short-term borrowing costs. Australia’s central bank injected an unusually large amount of cash into the financial system on...

The toll on travel

The most difficult times imaginable As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the world’s airlines called the last few months “its deepest crisis ever.” A Reuters analysis of data from FlightAware, which...
Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China. Here’s an explainer on the airline industry’s response to the outbreak so far and its potential financial exposure compared to SARS in 2003, which killed nearly 800 people: What Is the Expected Financial Impact on...
By Kiyoshi Takenaka TOKYO, May 12 (Reuters) - Japan plans to approve its first coronavirus antigen testing kits on Wednesday, a health ministry official said, to boost the number of diagnostic tests available to battle the pandemic. Fujirebio, a subsidiary of Japanese diagnostics and laboratory testing service provider Miraca Holdings, last...
By Makiko Yamazaki TOKYO, May 19 (Reuters) - Sony Corp will turn its financial arm, Sony Financial Holdings Inc, into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesday. The deal will allow Sony to strengthen...
BEIJING Shares in China’s Nio Inc. surged more than 30 percent after it signed framework agreements with Hefei’s city government on a fundraising of more than 10 billion yuan ($1.42 billion) and new manufacturing facilities. Cash-strapped electric vehicle (EV) maker Nio is the most prominent among dozens of Chinese electric vehicle...
John Geddie (REUTERS) SINGAPORE Singapore said on Thursday it had levied an S$11.2 million ($8 million) fine on Swiss bank UBS after investigations showed its advisors deceived clients over prices for bonds and structured products. The Monetary Authority of Singapore (MAS) said UBS had reported certain malpractices in Hong Kong and Singapore...
Norwegian telecom firm Telenor issued an announcement today on September 15 hinting at the deployment of surveillance tech in Myanmar by saying that its continued presence would require Telenor Myanmar to activate intercept equipment for the use of Myanmar authorities. "Having worked actively to avoid activation of intercept equipment, Telenor...
By Ludwig Burger May 22 (Reuters) - Oxford University and AstraZeneca are recruiting around 10,000 adults and children in Britain for trials of an experimental coronavirus vaccine, a day after receiving U.S. backing worth up to $1.2 billion. Institutions across Britain had begun enrolling up to 10,260 adults and children to...
The State Administration Council has imposed K20,000 per SIM card on the sales and activation of the SIM Cards and 15% commercial tax on internet services after amending Union Tax Law 2021. "No matter what provisions the Commercial Tax Law comprises, only once commercial tax shall be levied K20,000 per the...