Veoneer Launching Sale of $500 Million Passive Safety Unit, Sources Say
The owner of automotive technology company Veoneer has kicked off a sale of its passive safety business, according to people familiar with the situation.
Bloomberg Business
China’s Chip-Metals Producers Surge on Export Restrictions
The shares of Chinese metals producers surged after Beijing imposed export controls on gallium and germanium, which are used in chipmaking, communications and defense.
Ambani Bets on $12 Phone to Disrupt India’s Old Internet Network
Billionaire Mukesh Ambani’s group Monday announced an internet-enabled phone at an entry price of 999 rupees ($12) as the oil-to-retail conglomerate seeks to poach more budget device users from rivals to its growing consumer offerings.
China EV Maker XPeng’s 92% Surge Has Short Sellers Piling In
Bearish bets on Chinese electric vehicle maker XPeng Inc. have reached a record high as its share prices almost doubled in recent weeks, suggesting investors are skeptical the rally can last.
Yahoo to Return to Public Markets, CEO Lanzone Says
Yahoo Inc. plans to return to public markets, Chief Executive Officer Jim Lanzone told the Financial Times in an interview.
Nomura Puts More Money Into Struggling Joint Venture With Line
Nomura Holdings Inc. and Japanese messaging-app operator Line Corp. have invested an additional 3 billion yen ($21 million) into online brokerage Line Securities Corp. as they overhaul the loss-making joint venture.
Hong Kong Aviation Recovery Is Coming Much Sooner Than Expected
Hong Kong’s aviation sector will recover to pre-pandemic levels by the end of 2024, three years sooner than previously anticipated, the International Air Transport Association said Tuesday.
China Needs to Boost Government Borrowing, Policy Adviser Says
China can avoid a “balance sheet recession” if authorities take decisive actions to boost government borrowing and spending to stimulate the weakening economic recovery, a state think tank researcher said.
Spain May Be Moving Too Fast in Its Green Energy Push
Over €18 billion in investments in green hydrogen are ramping up in Spain. Will it find the customers?
JPMorgan Says Southeast Asia Benefiting From Supply-Chain Shift
Southeast Asian markets remain attractive as supply chain shifts away from China to the region will mitigate some of the impact from a slowdown in the world’s second-largest economy.
