By Scott Murdoch and Joyce Lee SEOUL (Reuters) – About 5.25 million shares in Samsung Electronics are being offered in a block deal worth up to $330 million, according to a term sheet seen by Re[...]
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April 8, 2024
U.S., China to hold more financial shock exercises, Yellen says
By David Lawder BEIJING (Reuters) -The U.S. and China are deepening co-operation on financial stability issues, Treasury Secretary Janet Yellen said on Monday, with more simulations of financial shock[...]
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China’s Didi, GAC Aion to mass produce robotaxis next year
(Reuters) – Chinese ride-hailing giant Didi Global said its self-driving unit’s joint venture with EV maker GAC Aion has received a business license, registering itself as the first JV in[...]
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China’s Hillhouse logs hefty decline in hedge fund assets in 2023
By Summer Zhen HONG KONG (Reuters) – Billionaire Zhang Lei’s Hillhouse Investment saw its hedge fund assets plummet by a third last year to $27.5 billion, a U.S. regulatory filing showed.[...]
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Hyundai Motor, Kia to partner with India’s Exide Energy on EV batteries
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -Hyundai Motor Co and Kia Corp on Monday signed a memorandum of understanding with India’s Exide Energy Solutions Ltd to supply batteries for their[...]
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Bangkok motor show reports 28% rise in orders, Toyota leads sales
BANGKOK (Reuters) – Thailand’s Bangkok International Motor Show recorded a 27.5% rise in orders, with Toyota leading sales, while traditional cars still dominated despite electric vehicles[...]
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Alibaba Cloud announces price cut on products powered by offshore data centers
By Josh Ye HONG KONG (Reuters) – China’s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competitio[...]
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Chinese spending jumps over long holiday weekend, tops pre-COVID level
By Sophie Yu and Brenda Goh BEIJING (Reuters) – Chinese travelers spent $7.5 billion domestically during the recent Tomb Sweeping holiday, government data showed, with analysts saying the uptick[...]
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What do we know about the Southwest engine cover incident?
WASHINGTON (Reuters) -An engine cowling on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the Federal Aviation Administration to op[...]
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