By Scott Murdoch
SYDNEY, Feb 9 (Reuters) - A major Australian pension fund has been increasing the hedging of its international equities portfolio, saying the Australian dollar has been undervalued as the country's central bank starts to tighten rates while most major economies keep rates on hold or prepare to cut.
Jeff Brunton, the head of portfolio management at HESTA, which has A$100 billion ($70.15 billion) in funds under management,... (continue reading...)
By Makiko Yamazaki and Ritsuko Shimizu
TOKYO, Feb 9 (Reuters) - Japanese companies are not obliged to accept unsolicited takeover bids even when offered large premiums, an industry ministry official told Reuters, amid growing concern about the targeting of leading firms by activist investors and foreign acquirers.
Corporate Japan has seen a wave of unsolicited takeover offers since the country's powerful industry ministry introduced a... (continue reading...)
By Leika Kihara and John Geddie
TOKYO, Feb 9 (Reuters) - Japanese Prime Minister Sanae Takaichi is set to be pressed on her promised tax cuts and spending plans on Monday after a historic election win was seen heightening the chances of her delivering on stimulus measures that have rattled financial markets.
Takaichi's ruling Liberal Democratic Party (LDP) romped to victory in Sunday's poll, helped by a pledge to ease household living... (continue reading...)
Feb 8 (Reuters) - Venezuela's opposition leader Maria Corina Machado said on Sunday that politician Juan Pablo Guanipa was kidnapped in the Los Chorros neighborhood of Caracas, hours after it was reported he had been freed in a prisoner release.
(Reporting by Akanksha Khushi in Bengaluru; Editing by Sonali Paul)
By James Pomfret and Jessie Pang
HONG KONG, Feb 9 (Reuters) - Jimmy Lai, the Hong Kong media mogul and China critic, was sentenced on Monday to 20 years in jail, the most severe punishment under the city's national security law which Beijing imposed after sometimes violent pro-democracy protests in 2019.
The sentence is the latest blow for a self-made millionaire who refused to stay quiet after Beijing's crackdown that followed Hong... (continue reading...)
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