NEW DELHI (Reuters) – Pratt & Whitney plans to oppose Go Airlines (India) Ltd’s push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delawa[...]
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May 10, 2023
Indonesia tax cut drives electric car sales for Hyundai, Wuling
By Bernadette Christina and Stefanno Sulaiman JAKARTA (Reuters) – Sales of electric cars in Indonesia jumped last month after the government launched tax incentives, auto executives said, in an[...]
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China’s BYD cuts starting price for Seal EV; aims to extend lead
SHANGHAI (Reuters) -BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s large[...]
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Zealand, Boehringer’s drug meets main weight-loss goal in mid-stage trial
By Ludwig Burger FRANKFURT (Reuters) – Zealand Pharma and partner Boehringer Ingelheim said their experimental obesity drug achieved up to 14.9% weight loss after 46 weeks in a mid-stage trial,[...]
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UBS’s future AT1 bond sales could come at a big cost
By Chiara Elisei LONDON Reuters) – UBS could have to lure investors with significantly higher yields when it next sells Additional Tier 1 bonds, paying what analysts say could be a punitive pric[...]
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Grocery retailer Ahold Delhaize sees Europe’s food inflation slowing
(Reuters) -Supermarket group Ahold Delhaize expects food inflation in Europe to slow in the second half of this year, CEO Frans Muller said on Wednesday after the retailer beat expectations for its fi[...]
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Chinese company earnings reveal lopsided economic recovery
By Summer Zhen HONG KONG (Reuters) – People in China splashed out on dining, travel and luxury goods after emerging from three years of pandemic restrictions but are still not spending freely on[...]
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Exclusive-CICC Capital bans consulting firm Capvision after China crackdown-sources
By Julie Zhu HONG KONG (Reuters) – CICC Capital, a unit of leading Chinese investment bank CICC, has stopped using Capvision Partners’ services, three sources said, following an investigat[...]
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Singapore bank OCBC posts record quarterly profit, flags rates peaking
By Yantoultra Ngui SINGAPORE (Reuters) -Singapore’s second-biggest lender Oversea-Chinese Banking Corp (OCBC) joined bigger rival DBS Group in flagging a peak in interest rates after reporting r[...]
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