(Reuters) -Talks related to a planned $30 billion merger between the chemicals arms of Abu Dhabi National Oil Company (ADNOC) and Austrian oil and gas company OMV have stalled in recent weeks, the Fin[...]
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February 23, 2024
Exclusive-In a first, Chinese developer’s creditors plan to sue state-owned shareholder for dues
By Xie Yu HONG KONG (Reuters) -A group of offshore creditors of China South City is set to file a lawsuit against the debt-laden developer’s biggest state-owned shareholder for dues, four source[...]
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Volvo Cars to dilute stake in EV maker Polestar
(Reuters) – Volvo Cars said on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns ($920.17 million) in Swedish electric vehicle manufacturer Polestar Automotive Holding to[...]
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Toyota extends shutdown of two production lines after emission test irregularities
TOKYO (Reuters) – Toyota Motor has extended until March 1 the shutdown of two production lines at two manufacturing plants run by Toyota group companies in Japan, it said on Friday. The producti[...]
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Foreign debuts, but few defence deals at Singapore air show
By Gerry Doyle SINGAPORE (Reuters) – The Singapore Airshow included the foreign debuts of new weapons systems, growing interest in systems that could destroy ballistic missiles and swat down dro[...]
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India’s stance on data transfers at WTO spooks chip giants
By Munsif Vengattil BENGALURU (Reuters) – A global consortium of semiconductor industry groups has asked India to reconsider its plan to push for duties on cross-border digital e-commerce and da[...]
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Marketmind: Tech stocks can’t stop, won’t stop
A look at the day ahead in European and global markets from Ankur Banerjee Investors head to the weekend holding on to their risk-on hats as bourses across the world swell to all-time highs after AI d[...]
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Nikkei parties like it’s 1989; scales record high
By Ankur Banerjee and Rae Wee SINGAPORE (Reuters) -Japanese stocks raced to a record peak on Thursday, breaking levels last seen in 1989 during the halcyon days of the bubble economy, as cheap valuati[...]
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Japanese stocks within reach of record highs, and yet inexpensive
(This Feb. 21 story has been corrected to fix the gender of the analyst in paragraph 2) By Patturaja Murugaboopathy and Noriyuki Hirata (Reuters) – As Japanese stocks approach record levels last[...]
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