By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) -Factories in the euro zone remained mired in contraction last month, surveys showed, with the data suggesting a recovery could be some way of[...]
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Shares in Hong Kong’s New World Development plunge after loss estimate
By Clare Jim HONG KONG (Reuters) – Shares in major Hong Kong property developer New World Development plunged 13% after it estimated a net loss of as much as HK$20 billion ($2.6 billion) for the[...]
Read moreBrazil top court justices to vote on Monday on X ban
BRASILIA (Reuters) – A five-member panel of Brazil’s Supreme Court will vote on Monday whether to uphold Justice Alexandre de Moraes’ ruling to shut down social media platform X in t[...]
Read moreHow does PDD stack up against other big China e-ecommerce firms?
By Casey Hall SHANGHAI (Reuters) -Shares of China’s biggest e-commerce companies – Alibaba, JD.com and PDD Holdings – were dumped earlier this week on worries about pressure on their[...]
Read moreBlackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says
By Kane Wu and Gnaneshwar Rajan (Reuters) -A consortium led by Blackstone is nearing a deal to acquire Australian data centre group AirTrunk for A$20 billion ($13.53 billion) including debt, a person[...]
Read moreSilicon Valley Bank exits China joint venture, local partner takes full control
(This Aug. 31 story has been corrected to clarify Silicon Valley Bank exited its China join venture, not that it was bought out by a local partner, in the headline and paragraph 3) BEIJING (Reuters)[...]
Read moreExclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
By Max A. Cherney and Milana Vinn (Reuters) – Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecess[...]
Read moreChina to pitch green tech exports to African leaders as Western curbs loom
By Joe Cash and Duncan Miriri BEIJING/NAIROBI (Reuters) -China will urge a summit of 50 African nations in Beijing this week to take more of its goods, before Western curbs kick in on its exports such[...]
Read moreDirecTV subscribers lose access to Disney networks after failure to reach deal
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney and satellite TV provider DirecTV failed to reach a new distribution deal for ESPN, ABC and other Disney-owned networks, the companies said[...]
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