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TOKYO -- Japan's Meiji Yasuda Life Insurance will acquire American Heritage Life Insurance for roughly $2 billion, Nikkei has learned, looking to expand the group policy business in the growing U.S. market.
SINGAPORE -- Shares in Sea soared in early New York trading on Tuesday after the Singapore-based technology company raised its guidance for its Shopee e-commerce arm, which drives the lion's share of its revenue.
TOKYO -- Japanese robot maker Fanuc has been withholding investment and reducing excess inventory, a defensive approach that has boosted its free cash flow to 560 billion yen ($3.8 billion) and has investors wondering when and how it will use this war chest.
TOKYO -- Net profit at Japanese blue-chip companies is projected to decline for the first time in four years this fiscal year amid a rebound in the yen and a cloudier outlook for the U.S. economy.
TOKYO -- Japan's Sumitomo Mitsui Financial Group has more than doubled its stake in U.S.-based Jefferies Financial Group, looking to catch up with domestic rivals in the investment banking business.
SEOUL -- Serious fires in South Korea that started in electric vehicle batteries are spurring calls for more robust regulations while raising concerns over a possible dip in the industry's fortunes.
MANILA -- The chief of the Philippines' bourse is pushing the country's central bank for an interest rate cut in order to revive a sluggish market, as a dearth of initial public offerings underscores the need for a boost in investor sentiment.
HONG KONG -- Rich Chinese looking to invest offshore are hitting new roadblocks, as authorities step up scrutiny of a cross-border investment mechanism.