By Melanie Burton, Scott Murdoch and Lewis Jackson MELBOURNE/SYDNEY (Reuters) – BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind th[...]
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May 7, 2024
China’s Zeekr to close $367.5 million New York IPO one day early, sources say
By Scott Murdoch SYDNEY (Reuters) -Chinese electric vehicle maker Zeekr Intelligent Technology Holding will close its New York initial public offering (IPO) bookbuilding to raise up to $367.5 million[...]
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Toyota to get an earnings lift from hybrids as EV hype cools
By Daniel Leussink (Reuters) – Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world’s top-selling aut[...]
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Primark owner to raise game in explaining merits of food businesses, CEO says
By James Davey LONDON (Reuters) – Primark owner Associated British Foods has not done a good enough job of explaining to investors the strategic logic, growth potential and value of its food bus[...]
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Boeing Starliner capsule’s first crewed test flight postponed over Atlas rocket glitch
By Joey Roulette and Steve Gorman CAPE CANAVERAL, Florida (Reuters) – The long-awaited first crewed test flight of Boeing’s Starliner spacecraft will be no earlier than Friday, NASA said,[...]
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Italian shoemaker Tod’s to court US lovers of quiet luxury
By Elisa Anzolin and Valentina Za MILAN (Reuters) – An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its 510 million euro ($545 million) st[...]
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Exclusive-China’s Nio turns to rival BYD to power new EV brand, sources say
SHANGHAI (Reuters) – China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three s[...]
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Amazon to spend nearly $9 billion to expand cloud infra in Singapore
(Reuters) -Amazon.com plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore, Amazon Web Services (AWS) said on Tuesday. The inv[...]
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UBS reports $1.76 billion profit attributable to shareholders in Q1
BERLIN (Reuters) – UBS Group on Tuesday reported a profit of $1.76 billion attributable to shareholders in the first quarter, more than double the expected profit of $602 million forecast by ana[...]
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