China Resources New Energy IPO Draws 6.4 Trillion Yuan in Record Subscription Ahead of Shenzhen Listing China Resources New Energy IPO drew 6.4 trillion yuan in bids, signaling strong investor …
Sato Asahi
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Business
SoftBank founder Masayoshi Son abandons succession plan to pursue artificial superintelligence
by Sato Asahiby Sato AsahiSoftBank’s Masayoshi Son Puts Succession on Hold to Chase Artificial Superintelligence SoftBank founder Masayoshi Son will abandon his succession timetable to extend leadership and focus on developing artificial superintelligence, saying …
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Business
Sri Lanka detains over 700 foreigners as Chinese cybercrime syndicates relocate
by Sato Asahiby Sato AsahiSri Lanka cyber scams trigger mass detentions as foreign-run fraud hubs relocate Sri Lanka cyber scams trigger 700+ detentions this year as authorities crack down on foreign-run fraud hubs relocating …
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Business
Japan share buybacks surge 34% to ¥16.2 trillion in January–May
by Sato Asahiby Sato AsahiJapan share buybacks surge 34% to Â¥16.2tn as firms unwind cross-shareholdings Japan share buybacks jumped 34% to Â¥16.2 trillion in Jan–May, a record for the period as companies repurchase cross-held …
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Business
Apple Daily shutdown marks fifth anniversary as Hong Kong press freedom erodes
by Sato Asahiby Sato AsahiFive Years Since the Apple Daily Closure: Hong Kong Security Law Reshapes Regional Media On the fifth anniversary of the Apple Daily closure, reporters and press freedom advocates say Hong …
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Business
Rakuten announces Japan satellite JV with AST SpaceMobile for direct-to-mobile service
by Sato Asahiby Sato AsahiRakuten and AST SpaceMobile joint venture to launch direct-to-mobile satellite service in Japan Rakuten and AST SpaceMobile form Japan satellite joint venture to buy and operate satellites and deliver direct-to-mobile …
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Business
Japanese syndicated loans hit record nearly $220bn as regional banks pull back
by Sato Asahiby Sato AsahiSyndicated loans to Japanese firms reach record as foreign banks fill regional gap Syndicated loans to Japanese corporations reached a record near $220bn in the last fiscal year, as Taiwanese, …
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Business
Nippon Steel struggles with doubled interest-bearing debt after U.S. Steel takeover
by Sato Asahiby Sato AsahiNippon Steel’s U.S. Steel acquisition leaves heavy debt burden as interest costs surge After acquiring U.S. Steel, Nippon Steel faces sharply higher interest-bearing debt as refinancing and rising rates strain …
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Business
Li-Ning signs Stephen Curry as global brand partner to revive consumer interest
by Sato Asahiby Sato AsahiStephen Curry Signs Long-Term Partnership with Li‑Ning in Move to Expand Curry Brand Globally Stephen Curry Li‑Ning partnership announced as a long-term agreement to co-develop shoes, apparel and lifestyle products, …
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Business
Japan battery storage market attracts foreign firms with subsidies and low rates
by Sato Asahiby Sato AsahiJapan Sees Surge of Foreign Investment in Battery Energy Storage Systems Foreign firms are moving into Japan’s battery energy storage systems market, lured by subsidies and low-cost financing as the …