March 2024 – Page 2 – UAG Trade Asia

Panasonic to Sell Entire Stake in Autos Business to Apollo GlobalManaged Funds

March 29, 2024
Business
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TOKYO, March 29 Reuters Japan39;s Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems PAS to funds managed by U.S. private equity firm Apollo Global Management. The transaction has a total enterprise value of 311 billion yen 2.06 billion, subject to adjustments at closing, which is expected by the end […]

March 29, 2024
Business
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March 28 Reuters Alaska Air Group said on Thursday the lost capacity from the temporary grounding of its Boeing 737 Max 9 fleet may cause the company39;s longterm profit growth to be below its target range of 4 to 8. Earlier this month, Alaska Air forecast firstquarter adjusted loss per share of 55 cents to 45 cents per share, […]

March 29, 2024
Business
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Reuters The new head of Boeing39;s troubled commercial airplane unit said the planemaker faces a pivotal moment as it works to boost quality and address significant concerns from regulators and airline customers after a panel flew off a 737 MAX 9 jet in January. This is a pivotal moment for us, and we have serious work ahead to […]

March 29, 2024
Politics
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WASHINGTON, March 28 Reuters The United States is drawing up a list of advanced Chinese chipmaking factories barred from receiving key tools, three people familiar with matter said on Thursday, to make it easier for companies to stem technology flows into China. The list could be released in the next couple of months, one of […]

March 29, 2024
Finance
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Previous Trading Days Events 28.03.2024 According to the report yesterday Canadas gross domestic product strongly rebounded in January exceeding expectations and Februarys preliminary estimates point to another expansion, tempering pressure on the Bank of Canada BoC for an early rate cut. The economy grew by 0.6 in January, its fastest growth rate in a year. […]

March 29, 2024
Finance
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BEIJING, March 29 Reuters Swiss agrichemicals and seeds group Syngenta has withdrawn its application to list on the Shanghai Stock Exchange, the company said on Friday. The IPO, which would have valued the Sinochemowned company at about 60 billion, has been postponed repeatedly since being proposed in 2021 due to unfavourable market conditions. After careful […]

March 29, 2024
Uncategorized
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HANOI, March 29 Reuters Vietnam39;s gross domestic product in the first quarter grew 5.66 from a year earlier as exports boomed, government data released on Friday showed, despite higher shipping costs due to turmoil in the Red Sea. Growth in the JanuaryMarch quarter for economy was faster than the expansion of 3.41 in the same […]

March 29, 2024
Uncategorized
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SHANGHAIHONG KONG, Reuters Chinese companies are staring at the prospects of a drought of new equity capital as tougher domestic IPO rules and challenges in listing overseas severely curb their fundraisings, putting at risk the floundering economy39;s recovery. China39;s securities watchdog has sharply tightened scrutiny of IPOs this year, leading to companies scrapping domestic listing plans […]

March 29, 2024
Uncategorized
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BANGKOK, March 29 Reuters Thailand39;s government said on Friday its 2025 fiscal budget could be adjusted to accommodate its signature 500 billion baht 13.71 billion handout scheme. Deputy Finance Minister Julapun Amornvivat said there was good news ahead for the repeatedly delayed programme, but did not elaborate. The digital wallet handout plan, a key campaign […]

March 29, 2024
Uncategorized
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LONDON, March 29 Reuters A tumultuous first quarter is coming to an end and the buy everything party is in full swing across markets, but the coming week has a few reality checks that even the most avid bulls may not be able to overlook. The strong dollar is giving major Asian central banks a […]

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Panasonic to Sell Entire Stake in Autos Business to Apollo GlobalManaged Funds

Alaska Air Group says 737 Max 9 Grounding may Hit LongTerm Profit Growth

New Boeing Airplane Chief says Company Faces Pivotal Moment

US may soon Unveil List of Chinese Chip Factories Barred from Receiving Tech

U.S. Quarterly Final GDP Figure Higher, Canadas GDP Strong Q1 Growth, Crude Oil and Gold Jumped, U.S. Indices Consolidation Phase

Syngenta Withdraws China IPO Application

Vietnam Economy Expands by 5.66 in Q1 as Exports Boom

Chinese Firms Fundraisings in Limbo as IPOs Scrutinised at Home and Abroad

Thailand Considers Adjusting Budget to Accommodate 13.7B Handout Scheme

Markets End Q1 in Party Mood, but US, China Growth under Scrutiny

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