By Takashi Umekawa and Makiko Yamazaki TOKYO (Reuters) – Activist fund Effissimo Capital Management, the biggest investor in Toshiba Corp <6502.T>, was kept in limbo by Japan’s government over a key shareholder vote...
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Take Five: We’re all going on a summer holiday (maybe)
1/WANTED: AUGUST LIFELINE FOR TOURISM August conjures up images of beaches and sunshine but it may not bring much respite to travel and tourism stocks. Battered by lockdowns, tourism has lagged a broader market recovery, with airline,...
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Trump preps bans on WeChat, TikTok, stoking tension with Beijing
By David Shepardson and Alexandra Alper WASHINGTON (Reuters) – U.S. President Donald Trump has unveiled sweeping bans on U.S. transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok, escalating a...
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Trump advisers urge delisting of U.S.-listed Chinese firms that fail to meet audit standards
By Alexandra Alper WASHINGTON (Reuters) – Trump administration officials have urged the president to delist Chinese companies that trade on U.S. exchanges and fail to meet U.S. auditing requirements by January 2022, Securities and...
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Analysts lift Asia earnings estimates for first time in six months
(Reuters) – Analysts nudged up forward 12-month profit estimates for Asian companies in July, the first rise in six months as some regional economies started to witness improvement in factory output and consumer demand. Estimates...
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Dollar most oversold in 40 years, says Morgan Stanley; exits short position
(Reuters) – The dollar is at its most oversold level in over 40 years, investment bank Morgan Stanley said on Friday, adding it had now shifted from its dollar-bearish stance and turned “tactically neutral” on the U.S....
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