PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Chiyoda (6366 JT) is moving towards developing oil storage facilities in the Philippines to bolster the country's energy security
The report covers Japanese corporate developments, Korean Air’s preliminary Q3 results, and a three-year extension of the South Korea–Japan currency swap.
News detail
JAPAN Chiyoda (6366 JT) - Co. is moving towards developing oil storage facilities in the Philippines to bolster the country's energy security amid supply disruptions caused by the Iran war. (Nikkei) Mazda Motor (7261 JT) - Co. is partnering with Yazaki to automate labour-intensive wire harness assembly using robots, bringing part of its supply chain back to Japan. (Nikkei) Mitsui & Co. (8031 JT) - Co. is set to invest USD 1.5bln alongside Penske Corp. to take US-based Penske Automotive Group private. (Nikkei) Mitsui & Co. (8031 JT) - Co. plans to launch a global credit rating service covering tens of millions of overseas companies to help Japanese clients assess international business risks. (Nikkei) Olympus (7733 JT) - Co. announced the US launch of a slim-diameter endobronchial ultrasound (EBUS) bronchoscope capable of reaching segmental and sub-segmental airways beyond the mediastinal lymph nodes. (Olympus) SOUTH KOREA Korean Air (003490 KS) - Co. Q3 prelim. (KRW) net rose 912% Y/Y to 929.7bln, operating profit rose 12% Y/Y to 421.2bln, rev. rose 26% Y/Y to 5.04tln, passenger rev. rose KRW 496.3bln Y/Y to 2.91tln. (Yonhap) Other News South Korea and Japan agreed to extend their USD 10bln currency swap arrangement by another three years ahead of its expiry next month. (Yonhap)
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