BENGALURU (Reuters) – Investment firms GQG and Fidelity picked up shares worth $261 million in India’s Vodafone Idea as part of the debt-saddled telecom operator’s planned $2.16 bill[...]
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April 17, 2024
LVMH sales growth slips on luxury spending slowdown
By Mimosa Spencer and Dominique Patton PARIS (Reuters) -LVMH’s sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splas[...]
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Morning Bid: Dollar bulls enter the China shop
A look at the day ahead in European and global markets from Tom Westbrook Discomfort is rising in emerging markets, notably in Asia. As the dollar rips higher, sterling and the euro are perched perilo[...]
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At Chinese trade fair, exporters despair their goods are ‘as cheap as cabbage’
By Ellen Zhang and David Kirton GUANGZHOU, China (Reuters) – Wu Huazhan’s Chinese television factory used to impose minimum orders to manage production efficiently. Times are now so bleak,[...]
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China’s BYD unveils three new models for its off-road Fangchengbao lineup
SHANGHAI (Reuters) – BYD has unveiled three new models, including two concept cars, under its premium brand Fangchengbao as the Chinese electric vehicle giant ramps up efforts to sell into highe[...]
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Australia’s Rinehart takes stake in Lynas Rare Earths, shares jump
By Melanie Burton MELBOURNE (Reuters) -Australia’s richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an[...]
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Japan’s Nissan bets on solid-state batteries, gigacasting for next-gen EVs
By Daniel Leussink YOKOHAMA, Japan (Reuters) – Japan’s Nissan Motor will begin to produce solid-state batteries for electric vehicles at scale by early 2029 and use huge casting machines a[...]
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Global property insurers see ‘alarming’ losses as risk models lag, report says
LONDON (Reuters) – Global property and casualty insurers showed “alarming” underwriting losses in 2022 as natural catastrophes increased and risk models failed to keep up, a report f[...]
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Exclusive-Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud, documents show
By Francesco Guarascio HANOI (Reuters) – Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financia[...]
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