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TOKYO, Oct 16 (Reuters) - Chip equipment maker Kokusai Electric (6525.T) has raised $724.4 million after pricing its shares at the top end of their marketed range in Japan's largest initial public offering in five years. Kokusai, owned by U.S. private equity firm KKR (KKR.N), set its IPO price at 1,840 yen per share, according to a filing on Monday, valuing the company at 423.9 billion yen ($2.8 billion). If an overallotment option for domestic investors is exercised, the offering would raise roughly $833 million. The move was partly due to a lacklustre share price performance by chip designer Arm since its listing last month, a source familiar with the matter has said. Kokusai's largest customers are Samsung Electronics (005930.KS), TSMC (2330.TW) and Micron Technology (MU.O), collectively accounting for more than 40% of its revenue.
Persons: Mariko Katsumura, Sam Nussey, Miho Uranaka, Kim Coghill, Edwina Gibbs Organizations: Kokusai, U.S, KKR, Tokyo bourse's, Samsung Electronics, Micron Technology, Thomson Locations: TOKYO
SINGAPORE/LONDON Oct 13 (Reuters) - Global shares slipped on Friday while assets considered to be safer havens such as gold and U.S. Treasuries rose as traders retreated from market risk as conflict in the Middle East intensified. MSCI's broadest index of global equities (.MIWD00000PUS) fell 0.3%, while Europe's Stoxx 600 share index (.STOXX) slid 0.4%. Brent crude oil futures jumped 2.7% on Friday to $88.29 a barrel, on track for a 4.3% advance this week. Spot gold gained 0.8% on Friday to $1,885 an ounce, set for a gain of 2.4% over the week. The risk-off mood also prevailed in the currency market, with the dollar holding on to most overnight gains.
Persons: Trevor Greetham, Treasuries, Ankur Banerjee, Naomi Rovnick, Edwina Gibbs, Susan Fenton, Kim Coghill Organizations: Asset Management, Federal Reserve, Treasury, Bank of Japan, Nikkei, Thomson Locations: SINGAPORE, Middle, Gaza, Hamas, Ashkelon, Israel, Brent, U.S, Baltic, Asia, Japan, MIAPJ0000PUS
Oct 13 (Reuters) - Wang Yawei, a star fund manager in China, has been detained by authorities since August and is under investigation, according to three sources with knowledge of the matter. The 52-year-old founder of Qianhe Capital Management in Shenzhen and Top Ace Asset Management in Hong Kong is the latest high-profile Chinese business executive to be investigated or detained. His case relates to an investigation into Zhu Congjiu, a former senior official at China's top securities regulator, the sources said. Before setting up his own shop, Wang spent 14 years at China Asset Management Co (AMC), one of the country's largest mutual fund houses, as its vice-president and chief investment officer. Zhu is one of several former China Securities Regulatory Commission (CSRC) officials to come under scrutiny in recent years.
Persons: Wang Yawei, Zhu Congjiu, Wang, Zhu, Xi, Sumeet Chatterjee, Edwina Gibbs Organizations: Qianhe Capital Management, Asset Management, Communist, Central Commission, Ministry of Public Security, Qianhe, China Asset Management Co, AMC, China Securities Regulatory Commission, Shanghai bourse, Reuters, Thomson Locations: China, Shenzhen, Hong Kong, Zhejiang province
REUTERS/Brian Snyder/File Photo Acquire Licensing RightsOct 12 (Reuters) - High levels of inflation and increased costs of living are contributing to worldwide hunger, according to a survey of 16 countries commissioned by the humanitarian group World Vision International. It also found that 37% of parents said their children fail to receive proper nutrition each day and 21% said their children have gone hungry in the last month. The percentage of children going to bed hungry rises to 38% in low-income countries. Among respondents who said their children went to sleep hungry, 46% cited inflation and the cost of living as the main reason. Persistently high inflation was the biggest economic concern of economists this year, according to Reuters polls.
Persons: Brian Snyder, Andrew Morely, Ipsos, Daniel Trotta, Edwina Gibbs Organizations: La Colaborativa, REUTERS, World Vision, Democratic, Thomson Locations: Chelsea , Massachusetts, U.S, United States, Ukraine, Australia, Bangladesh, Brazil, Britain, Canada, Germany, Japan, Mexico, Peru, Philippines, South Korea, Chad, Democratic Republic of the Congo, Iraq, Malawi
A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. The China Securities Regulatory Commission (CSRC) has told brokerages to stop offering securities trading from offshore accounts such as Hong Kong to new mainland investors, according to a Sept. 28 notice issued by its Shanghai unit. Activities now considered illegal include cross-border securities broking, securities lending, fund sales and investment consulting, according to the notice. The use of offshore brokerage accounts in Hong Kong entails converting yuan to other currencies. They can also use some foreign brokerage platforms outside mainland China if they have funds parked in offshore locations.
Persons: Xi Jinping, Tingshu Wang, brokerages, Shujin Chen, Guotai Junan, Selena Li, Zhen, Julie Zhu, Sumeet Chatterjee, Edwina Gibbs Organizations: China Securities Regulatory Commission, REUTERS, Reuters, outflows, Jefferies, Citic Securities, HK, Haitong Securities, Hong Kong, Futu Holdings, Fintech Holding, May, Hong, Stock, Hwabao Securities, Thomson Locations: Beijing, China, HONG KONG, Hong Kong, Shanghai, outflows
Births in China slide 10% to hit their lowest on record
  + stars: | 2023-10-12 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Oct 12 (Reuters) - The number of births in China tumbled 10% last year to hit their lowest level on record - a drop that comes despite a slew of government efforts to support parents and amid increasing alarm that the country become demographically imbalanced. China had just 9.56 million births in 2022, according to a report published by the National Health Commission. Last year, the country's population also fell for the first time in six decades, dropping to 1.41 billion people. Nearly 40% of Chinese newborns last year were the second child of a married couple, while 15% were from families with three or more children, health authorities said. Reporting by Ethan Wang, Albee Zhang and Bernard Orr; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
Persons: Xi Jinping, Ethan Wang, Albee Zhang, Bernard Orr, Edwina Gibbs Organizations: National Health Commission, Thomson Locations: BEIJING, China, Beijing
The fund is called Gulf Asia Trade & Investment, the sources said. The Adani Group did not comment on the SEBI probe and its possible ties with the fund when contacted by Reuters. EZY had been incorporated in the British territory in 2006, while Gulf Asia was incorporated there in May 2011. In April 2014, Gulf Asia held $51.4 million worth of shares in Adani Enterprises and Adani Power (ADAN.NS). In March 2017, that had increased to $202 million in four group companies - Adani Enterprises, Adani Power, Adani Transmission and Adani Ports (APSE.NS), according to the OCCRP data.
Persons: Francis Mascarenhas, Nasser Ali Shaban, OCCRP, Hindenburg, Ahli, Gautam Adani, EZY, SEBI, Jayshree, Krishn Kaushik, Sumeet Chatterjee, Edwina Gibbs, Louise Heavens Organizations: Securities and Exchange Board of India, REUTERS, Adani, Gulf Asia Trade & Investment, Dubai, Reuters, Securities and Exchange, India's, Hindenburg, Adani Enterprises, Al, Trade, United Arab, British Virgin Islands, Gulf, EZY Global, EZY, Thomson Locations: Mumbai, India, British Virgin, Nasser Ali Shaban Ahli, Gulf, Gulf Asia, United Arab Emirates, British, Asia
Walmart's logo is seen outside one of the stores ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski//File Photo Acquire Licensing RightsMEXICO CITY, Oct 6 (Reuters) - Walmart's Mexico unit said on Friday it will face an anti-trust panel for alleged relative monopolistic practices related to the supply, wholesale distribution and marketing of consumer goods. The allegations follow a three-year investigation by Mexico's antitrust regulator, Cofece, and the company now has 45 days to provide arguments and evidence in its defense. Walmart de Mexico (WALMEX.MX), known as Walmex, was first told in 2020 that it was under review for possible antitrust behavior. The retailer last year posted revenue of more than 819 billion pesos ($45 billion) from its operations in Mexico and Central America.
Persons: Kamil Krzaczynski, Walmex, Cofece, Banorte, Valentine Hilaire, Daina Beth Solomon, Stephen Eisenhammer, Sandra Maler, Edwina Gibbs Organizations: REUTERS, MEXICO CITY, Walmart, Thomson Locations: Chicago , Illinois, U.S, MEXICO, Mexico, Central America
Oct 7 (Reuters) - An earthquake of magnitude 5.6 struck northwestern Afghanistan on Saturday, the German Research Center for Geosciences (GFZ) said. GFZ revised the magnitude down from an initial reading of 6.2 for the quake, which it said was at a depth of 10 km (6.2 miles). Reporting by Rishabh Jaiswal in Bengaluru; Editing by Edwina Gibbs and William Mallard私たちの行動規範:トムソン・ロイター「信頼の原則」
Persons: GFZ, Rishabh, Edwina Gibbs, William Mallard 私 Organizations: German Research Center, Geosciences Locations: Afghanistan, Bengaluru
LA PAZ, Oct 6 (Reuters) - Under a scorching sun, more than three hundred Bolivians on Friday marched to a dusty plain near the Incachaca dam that overlooks the city of La Paz, gathering to pray for rain and an end to a severe drought that has threatened their water supply. The ten reservoirs that supply La Paz - one of the country's largest cities with about 2.2 million inhabitants - only contain 135 days of water combined, Bolivia's state-owned water company EPSAS has warned. [1/5]Indigenous women pray for rain near the Incachaca dam, in Incachaca, on the outskirts of La Paz, Bolivia October 6, 2023. Only scarce rain is expected due to the weather phenomenon known as El Nino, the national meteorological agency has said. El Nino, a warming of water surface temperatures in the eastern and central Pacific Ocean, is linked to extreme weather conditions.
Persons: EPSAS, Susana Laruta, Claudia Morales, El, Bernardo Vedia, Santiago Limachi, Sergio Limachi, David Alire Garcia, Edwina Gibbs Organizations: LA, La Paz, REUTERS, El Nino, Thomson Locations: LA PAZ, La Paz, Incachaca, Bolivia
KABUL, Oct 7 (Reuters) - At least 15 people were killed and 40 injured after multiple earthquakes struck western Afghanistan on Saturday, a disaster management official told Reuters. The quake registered a magnitude of 6.3, the U.S. Geological Survey (USGS) said, with subsequent quakes striking 35 km (20 miles) northwest of the city of Herat. The casualty figures are based on primary reports from the Zinda Jan district of Herat province, said Mullah Jan Sayeq, spokesperson for Afghanistan's ministry of disaster management. He added that the earthquakes had also shaken the provinces of Farah and Badghis, where there are reports of widespread damage to houses, but no details about casualties there yet. Emergency teams and volunteers are preparing to go Herat and help victims, Erfanullah Sharafzoi, spokesperson for the Afghan Red Crescent said.
Persons: Jan Sayeq, Erfanullah Sharafzoi, Crescent, Naseema, Rishabh, Mohammad Yunus Yawar, Giban Peshimam, Edwina Gibbs, William Mallard Organizations: Reuters, U.S . Geological Survey, Afghan, Thomson Locations: KABUL, Afghanistan, U.S, Herat, Herat province, Farah, Badghis, Bengaluru, Kabul
People walk along a street as a jeep is buried in the mud due to the flood at Teesta Bazaar in Kalimpong District, West Bengal, India October 4, 2023. "We are waiting for weather conditions to improve as only then air force and other rescue teams could venture into the flood-hit areas," said V.B.Pathak, the state's chief secretary. Hundreds of search and rescue personnel have been deployed across Sikkim and in the northern parts of the neighbouring West Bengal state. A key highway that linked Sikkim with Siliguri in West Bengal also collapsed due to the floods. Local lawmakers were looking at whether trekking routes could be used to reach disaster-hit areas, said Bandana Chettri, a spokeswoman for the state's tourism ministry.
Persons: Brihat, Bandana Chettri, Subrata Nag Choudhury, Rupam Jain, Edwina Gibbs Organizations: REUTERS, Thomson Locations: Kalimpong District, West Bengal, India, KOLKATA, Sikkim, Gangtok, NHPC, Siliguri, Asia's, Nepal, Bhutan, China
[1/3] Oct 6, 2023; Seattle, Washington, USA; OL Reign forward Megan Rapinoe (15) reacts after the game against Washington Spirit at Lumen Field. It was always the safest place," Rapinoe, 38, said of her time in Seattle. Rapinoe had already called time on her international career, wearing the U.S. crest for the last time last month in friendly against South Africa. Players from each side hugged Rapinoe as she stepped off the field to a roars from the crowd, which included her five-time Olympic basketball gold medallist fiance Sue Bird. Reporting by Amy Tennery in New York; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
Persons: Megan Rapinoe, Stephen Brashear, Lumen, Billie Jean King, Ken Griffey Jr, Ballon, it's, Rapinoe, Aubrey Kingsbury, Claudia Dickey, Dorian Bailey's, Trinity Rodman, Sue Bird, It's, Amy Tennery, Edwina Gibbs Organizations: Washington, USA, National Women's Soccer League, NFL's Seattle Seahawks, Seattle, South, Rapinoe, Players, Thomson Locations: Seattle , Washington, USA, Seattle, South Africa, Washington, New York
Taiwan probes four firms accused of helping China's Huawei
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +2 min
Taiwan Economy Minister Wang Mei-hua said the ministry would be looking into whether the firms' activities in China "matched up" with their initial investment approval from the island's government. A Bloomberg news report this week said the firms had been working with Huawei-connected firms to build infrastructure for chip plants. The companies - Topco Scientific (5434.TW), L&K Engineering (6139.TW), United Integrated Services (2404.TW) and Cica-Huntek Chemical Technology Taiwan (6725.TWO) - have all denied any wrongdoing. Wang also said Taiwan's government will soon unveil tighter rules on "key technologies", taking into account international practice, she added, without giving details. China claims Taiwan as its own territory and has in recent years increased its military activities around the island.
Persons: Peter Nicholls, Wang Mei, Wang, chipmaker TSMC, Ben Blanchard, Edwina Gibbs Organizations: Huawei, REUTERS, Rights, Bloomberg, K Engineering, United Integrated Services, Chemical Technology, Thomson Locations: London, Britain, Rights TAIPEI, China, Taiwan, Chemical Technology Taiwan, U.S
Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 6 (Reuters) - The U.S. Commerce Department on Friday added 42 Chinese companies to a government export control list over their support for Moscow's military and defense industrial base - support that includes the supply of U.S.-origin integrated circuits. Another seven entities from Finland, Germany, India, Turkey, United Arab Emirates and the United Kingdom were also added to the trade export control list. The circuits include microelectronics that Russia uses for precision guidance systems in missiles and drones launched against civilian targets in Ukraine, the Commerce Department said in a statement. "The United States should immediately correct its wrong practices and stop its unreasonable suppression of Chinese companies," China's Ministry of Commerce said in a statement. Suppliers must then be granted generally hard-to-get licenses before shipping goods to entities on the list.
Persons: Janet Yellen, Mark Schiefelbein, Export Enforcement Matthew Axelrod, David Shepardson, Karen Freifeld, Mike Stone, Susan Heavey, Andrea Ricci, Edwina Gibbs Organizations: Rights, U.S . Commerce Department, United Arab Emirates, Commerce Department, U.S, Export Enforcement, Ministry of Commerce, Washington, Thomson Locations: United States, Diaoyutai, Beijing, China, U.S, Finland, Germany, India, Turkey, United Arab, United Kingdom, Russia, Ukraine, Russian
Light Plane Crashes in Rural Australia, Four Killed
  + stars: | 2023-10-06 | by ( Oct. | At P.M. | ) www.usnews.com   time to read: 1 min
Sydney (Reuters) - A light plane crashed in a rural area of Australia's New South Wales state on Friday, killing the male pilot and three children who were on board, police said late on Friday. The Cirrus SR22 took off from Canberra and crashed about 3 p.m. local time (0400 GMT) near the town of Queanbeyan which is roughly 290 kilometres (180 miles) from Sydney. Emergency services responded to reports that a plane had crashed and was in flames, with firefighters extinguishing the blaze but there were no survivors, police said. (Reporting by Sam McKeith in Sydney; Editing by Edwina Gibbs)
Persons: Sam McKeith, Edwina Gibbs Organizations: Sydney Locations: Australia's New South Wales, Canberra, Queanbeyan, Sydney
Asian shares come off 11-month lows as Treasuries rally
  + stars: | 2023-10-05 | by ( Stella Qiu | ) www.reuters.com   time to read: +3 min
REUTERS/Issei Kato/File Photo Acquire Licensing RightsSYDNEY, Oct 5 (Reuters) - Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labour data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally. Tracking overnight gains on Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.6%. Ten-year yields eased 2 basis points to 4.7163% on Thursday, continuing their overnight retreat from a fresh 16-year high of 4.8840%. "Given where Treasury yields are at the moment, I think the risks are pretty evenly balanced between them on the downside and on the upside." Brent crude futures rose 0.3% to $86.10 per barrel and U.S. West Texas Intermediate crude futures were also up 0.3% at $84.45.
Persons: Issei Kato, Stephen Miller, Joseph Capurso, Stella Qiu, Edwina Gibbs Organizations: Nikkei, REUTERS, Rights, Japan's Nikkei, Treasury, Fed, U.S ., Nasdaq, Traders, CBA, Brent, . West Texas, Thomson Locations: Tokyo, Japan, U.S, Asia, Pacific, Treasuries, Sydney
Crypto firm Ripple secures Singapore payments licence
  + stars: | 2023-10-04 | by ( ) www.reuters.com   time to read: +1 min
A representations of cryptocurrency Ripple is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSINGAPORE, Oct 4 (Reuters) - Cryptocurrency firm Ripple said on Wednesday its Singapore subsidiary has secured a payments licence to operate in the city-state without transaction thresholds. The licence, granted by the Monetary Authority of Singapore (MAS), will allow Ripple to provide regulated digital payment token services. It is one of 14 companies that are licensed to offer digital payment token services in Singapore. Others include the Singapore arm of Coinbase, the world's largest listed crypto exchange, as well as the Singapore units of Britain's Revolut and London-based Blockchain.com.
Persons: Dado Ruvic, Ripple, Revolut, Rae Wee, Edwina Gibbs Organizations: REUTERS, Rights, Singapore, Monetary Authority of Singapore, MAS, Thomson Locations: Rights SINGAPORE, Singapore, London, San Francisco, U.S, Asia, Pacific
TOKYO, Oct 4 (Reuters) - SoftBank (9984.T) CEO Masayoshi Son said he believes artificial general intelligence (AGI), artificial intelligence that surpasses human intelligence in almost all areas, will be realised within 10 years. Speaking at the SoftBank World corporate conference, Son said he believes AGI will be ten times more intelligent than the sum total of all human intelligence. He noted the rapid progress in generative AI that he said has already exceeded human intelligence in certain areas. Arm CEO Rene Haas, speaking at the conference via video, touted the energy efficiency of Arm's designs, saying they would become increasingly sought after to power artificial intelligence. Son said he thinks he is the only person who believes AGI will come within a decade.
Persons: Masayoshi Son, Son, AGI, SoftBank, Rene Haas, Haas, Anton Bridge, Tom Hogue, Edwina Gibbs Organizations: Thomson Locations: TOKYO
The yen fell to within a whisker of 150-per-dollar and its weakness is a boon for exporters' and the pricing of their foreign earnings in yen. European futures rose 0.2%. Japanese stocks were also boosted by the Bank of Japan's quarterly Tankan survey, which showed an improvement in business sentiment. In the Treasury market 10-year yields rose 4 bps to 4.6124% and the two-year yield rose 3.7 bps to $5.0832%. Crude oil steadied after late-week fallsBrent December crude futures rose 16 cents, or 0.2%, to $92.36 a barrel.
Persons: Issei Kato, Christopher Wong, Brent, Kevin Buckland, Tom Westbrook, Edwina Gibbs, Simon Cameron, Moore Organizations: U.S, REUTERS, Rights, Japan's Nikkei, Bank, Bank of Japan, Futures, Treasury, New, . West Texas, Thomson Locations: Tokyo, Japan, U.S, India, Hong Kong, China, Asia, Pacific, New Zealand, Singapore
Japan stocks soar as yen hits 1-year low
  + stars: | 2023-10-02 | by ( Kevin Buckland | ) www.reuters.com   time to read: +3 min
A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. U.S. stock futures rose 0.6%, pointing to a rebound from the S&P 500's 0.3% drop on Friday. Japanese stocks were also boosted by the Bank of Japan's quarterly Tankan survey, which showed an improvement in business sentiment. Brent December crude futures rose 18 cents, or 0.2%, to $92.38 a barrel after falling 90 cents at the end of last week. U.S. West Texas Intermediate crude futures gained 23 cents, or 0.3%, to $91.02 a barrel, after losing 92 cents on Friday.
Persons: Issei Kato, Korea's, Michele Bullock, Kevin Buckland, Edwina Gibbs Organizations: U.S, REUTERS, Rights, Nikkei, Golden, Bank, Brent, . West Texas, Thomson Locations: Tokyo, Japan, U.S, Hong Kong, China, New, expansionary
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves following a hearing at Manhattan federal court in New York City, U.S. January 3, 2023. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 1 (Reuters) - Jailed former billionaire Sam Bankman-Fried considered paying former U.S. President Donald Trump to not run for re-election in 2020, according to an excerpt of a forthcoming book published on Sunday. "On a separate front, he explained to me, as the plane descended into Washington, he was exploring the legality of paying Donald Trump himself not to run for president," Lewis wrote. "His team had somehow created a back channel into the Trump operation and returned with the not terribly Earth-shattering news that Donald Trump might indeed have his price: $5 billion. The excerpt did not discuss why Bankman-Fried did not press ahead with the plans.
Persons: Sam Bankman, Andrew Kelly, Fried, Donald Trump, Michael Lewis, Mitch McConnell, Lewis, Trump, Sam, Jyoti Narayan, Edwina Gibbs Organizations: FTX, Manhattan, REUTERS, Washington Post, Republican, Thomson Locations: New York City, U.S, Washington, Bengaluru
Emily’s List President Laphonza Butler speaks during a political event with reproductive rights groups at the Mayflower Hotel in Washington, U.S., June 23, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsOct 1 (Reuters) - California Governor Gavin Newsom said on Sunday he had picked Laphonza Butler to fill the Senate vacancy left by Dianne Feinstein, who died on Thursday aged 90. Butler is a former president of EMILY's List, an organization that works to elect to office Democratic female candidates who are in favor of abortion rights. The appointment would make her the first Black lesbian to openly serve in the U.S. Senate, according to Newsom. Butler's predecessor Feinstein, who became the longest-serving woman senator ever, advocated gun control and spearheaded the first federal assault weapons ban.
Persons: Laphonza Butler, Evelyn Hockstein, Gavin Newsom, Dianne Feinstein, Butler, Newsom, Kamala Harris, Laphonza, Butler's, Feinstein, Urvi, Edwina Gibbs Organizations: Mayflower, REUTERS, Democratic, U.S . Senate, Thomson Locations: Washington , U.S, California, U.S, Bengaluru
SYDNEY, Sept 29 (Reuters) - The blocking of three major deals by Australia's antitrust regulator in the past year was a coincidence, its chair told Reuters, pushing back against concerns among bankers that it has become deal-averse. "There happens to have been a sequence, frankly coincidentally as it turns out, of oppositions," ACCC Chair Gina Cass-Gottlieb said in an interview. There are some concerns that it could be blocked as Brookfield owns AusNet, a poles and wires asset in Victoria state. Cass-Gottlieb also said she doubted foreign investors have been dissuaded from pursuing deals in Australia which does not require companies to get formal clearance before proceeding with a takeover. "The recent stream of merger blockages will make foreign investors think twice."
Persons: Gina Cass, Gottlieb, Canada's Brookfield, Cass, Stephen Corones, Hannah Marshall, it's, Byron Kaye, Scott Murdoch, Edwina Gibbs Organizations: Australian Competition, Consumer Commission, Telstra, TPG, ANZ, Transurban, Origin Energy, Brookfield, FOCUS Cass, Investors, Queensland University of Technology, Cass, Marque Lawyers, Thomson Locations: Melbourne, AusNet, Victoria, Australia, Queensland
Those shipments sometimes accounted for more than half of Chinese malting barley demand, depending on the year. "The return of Australian barley means everyone will be happier," said Miller Meng, brewmaster at Shanghai craft beer bar, The Brew. "Australian malt in the market return prices back on the right track," he said. But in the absence of Australian malting barley, many Chinese craft brewers turned to alternatives such as French or Canadian malt. That meant a perilous thinning of margins and the hope is that Australian imports will reverse this trend, craft brewers told Reuters.
Persons: Miller Meng, brewmaster, Trueman, Yang Zhenglong, Matthew Jimenez, Duvel, Casey, Dominique Patton, Peter Hobson, Edwina Gibbs Organizations: Canberra, EqualOcean International, Reuters, Casey Hall, Thomson Locations: SHANGHAI, BEIJING, China, Shanghai, Tianjin, Mongolia, Ukraine, Australian, Australia, Europe, Saudi Arabia, Beijing, Canberra
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