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1 week ago | 
gurutrade.com | Hyunjoo Jin |Yim Hyun-su |Jacqueline Wong |Ed Davies
SEOUL, June 20 (Reuters) - A South Korean court approved on Friday grocery retailer Homeplus's plan to sell the struggling company, in a move that the court said was aimed at providing funds to repay creditors and to ensure job security for employees at the company.
In March, MBK Partners, a private equity firm which owns the company, filed for a court-led restructuring of Homeplus, marking a setback to the firm's marquee, $6.1 billion deal made more than a decade ago.
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Jan 7, 2025 | 
gurutrade.com | Makiko Yamazaki |Tom Hogue |Jacqueline Wong
TOKYO, Jan 7 (Reuters) - Japan Finance Minister Katsunobu Kato issued a fresh warning against speculative yen selling on Tuesday, as the Japanese currency approached the key 160 per dollar level that prompted yen-buying interventions half a year ago.
"As I have said previously, ... we've been seeing one-sided, sharp moves in foreign exchange development," Kato said, repeating the government's view on the recent currency market situation at a regular press conference.
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Jul 3, 2024 | 
gurutrade.com | Jihoon Lee |Jacqueline Wong |Miral Fahmy
SEOUL, July 3 (Reuters) - South Korea's financial regulator imposed record high fines on two subsidiaries of the former Credit Suisse group for stock short-selling violations, the regulator said on Wednesday.
The Financial Services Commission (FSC) decided to impose fines of 16.9 billion won ($12.17 million) and 10.2 billion won on Credit Suisse AG, currently UBS AG, and Credit Suisse Singapore Ltd, respectively, it said in a statement.
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Apr 18, 2024 | 
gurutrade.com | Jacqueline Wong |Stephen Coates
BEIJING, April 18 (Reuters) - Chinese tech giant Huawei [RIC:RIC:HWT.UL] started selling two models of its highly anticipated, high-end Pura 70 smartphone series on Thursday which many analysts expect to contain an advanced China-made chip like the Mate 60 handset.
The Shenzhen-based company started sales of the Pura 70 smartphones series on Thursday morning.
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Mar 24, 2024 | 
insideretail.asia | Casey Hall |Neil Fullick |Jacqueline Wong |Louise Heavens
Chinese food delivery giant Meituan on Friday reported a bigger-than-expected 22.6 per cent rise in quarterly revenue, defying a slowing Chinese economy and bolstering its ambitions to expand into other markets. Meituan – which has an app that provides services ranging from bike-sharing to ticket-booking and maps – reported revenue in the quarter to December 31 of US$10.20 billion, versus $8.4 million in the same period a year earlier.
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Mar 8, 2024 | 
gurutrade.com | Joan Faus |Emma Pinedo |Jacqueline Wong
BARCELONA, March 8 (Reuters) - Shares of Spanish drugmaker Grifols rose more than 16% on Friday morning after it said auditor KPMG approved its 2023 results with an unqualified opinion, without modifying the profit and debt ratio previously reported.
Grifols last week published its 2023 results, pending an audit, which analysts said contributed to the share price's tumbling along with doubts about its cash flow for 2024.
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Feb 7, 2024 | 
gurutrade.com | Anton Bridge |David Dolan |Jacqueline Wong |Mark Potter
TOKYO, Feb 8 (Reuters) - Japan's SoftBank Group returned to profit for the first time in five quarters on Thursday, as the Japanese tech investment firm was buoyed by an upturn in portfolio companies, sparking hope it was emerging from a period of retrenchment.
Net profit totalled 985.5 billion yen ($6.6 billion) in the three months to December, versus a 744.7 billion yen loss in the same period a year earlier.
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Jan 24, 2024 | 
gurutrade.com | Toby Sterling |Jacqueline Wong |Jamie Freed
AMSTERDAM, Jan 24 (Reuters) - Chipmaking equipment maker ASML Holding on Wednesday reported fourth-quarter earnings that beat expectations and its best-ever quarterly orders, but it kept a cautious outlook for 2024 as it faces new restrictions on exports to China.
Net profit at Europe's biggest technology company by market value rose 9% to 2.0 billion euros ($2.17 billion) on sales of 7.2 billion euros in the fourth quarter.
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Jan 18, 2024 | 
insideretail.com.au | Rocky Swift |Jacqueline Wong |Rakshnna Pattabiraman |Robert Stockdill
Fast Retailing said its Uniqlo unit filed a lawsuit in Japan against the operators of Shein, claiming the Chinese fashion company copied its round mini shoulder bag. The petition was filed on December 28 in the Tokyo District Court against Roadget Business Pte, Fashion Choice Pte, and Shein Japan, Fast Retailing said in a statement. The Japanese company is seeking “immediate cessation of sales of the imitation products and compensation for damages incurred,” it said.
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Jan 16, 2024 | 
insideretail.asia | Rocky Swift |Jacqueline Wong |Tong Van |Aron Lewin
January 17, 2024 Text Size Fast Retailing said on Tuesday its Uniqlo unit filed a lawsuit in Japan against the operators of Shein, claiming the Chinese fashion company copied its round mini shoulder bag. The petition was filed on December 28 in the Tokyo District Court against Roadget Business Pte, Fashion Choice Pte, and Shein Japan, Fast Retailing said in a statement. Reporting by Rocky Swift; Editing by Jacqueline Wong, of Reuters.
