(Reuters) – China’s Farizon, a maker of electric and hybrid trucks which is owned by automaker Geely, has raised $600 million in a Series-A funding round, the company said in a statement.[...]
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Factbox-What has become of Western carmakers’ assets in Russia?
By Gleb Stolyarov and Alexander Marrow (Reuters) – The Western automakers that dominated Russia’s car market left following Moscow’s invasion of Ukraine, leaving a slumping productio[...]
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Australian BNPL firm Zip’s credit performance in local market weakens further
(Reuters) – Australia’s Zip Co Ltd said on Thursday it faced a jump in bad debts at home grounds, its biggest market by revenue, during the March-June quarter due to poor domestic consumer[...]
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US regulators unveil antitrust roadmap with Big Tech in crosshairs
By Diane Bartz and Anirban Sen WASHINGTON (Reuters) -U.S. antitrust regulators published guidelines on Wednesday on the kinds of mergers and acquisitions they object to, reaffirming the skepticism wit[...]
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Biden widens war on junk fees, says US consumers tired of being treated as ‘suckers’
By Steve Holland and Andrea Shalal WASHINGTON (Reuters) -The White House on Wednesday expanded its war on junk fees to the rental housing market, announced a crackdown on price-fixing in food and agri[...]
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Stocks advance as earnings pick up; Dow notches 8th day of gains
By Chuck Mikolajczak NEW YORK (Reuters) – The Dow Jones Industrial Average and S&P 500 index rose modestly on Wednesday, with the blue-chip Dow registering its eighth straight day of gains a[...]
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Investors cheer Wall Street’s green shoots as bank executives stay cautious
By Tatiana Bautzer, Sinéad Carew and Saeed Azhar NEW YORK (Reuters) – U.S. banking giants reported lackluster results for investment banking in the second quarter, but that has not stopped inves[...]
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US government agencies target purchasing 9,500 EVs in 2023
By David Shepardson WASHINGTON (Reuters) -U.S. government agencies are targeting buying 9,500 electric vehicles in the 2023 budget year, but face supply issues and higher costs, a federal report said[...]
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Las Vegas Sands second-quarter revenue beats Wall Street estimates
By Doyinsola Oladipo NEW YORK (Reuters) -Las Vegas Sands Corp’s second-quarter revenue exceeded Wall Street estimates, benefiting from non-gaming programming in Macao as tourism rebounds from Ch[...]
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