Billionaire Peugeot Dynasty Hires New CEO to Manage Fortune
The billionaire Peugeot family’s holding company is undergoing a rare changing of the guard, the first in nearly two decades that comes amid a broadening of their investments.
The billionaire Peugeot family’s holding company is undergoing a rare changing of the guard, the first in nearly two decades that comes amid a broadening of their investments.
China plans to send its second high-profile delegation to North Korea in less than two months, just before an expected journey by Kim Jong Un to Russia that could touch on arms deals.
Yinson Holdings Bhd., a Malaysian firm making vessels for offshore oil and gas production, expects to deliver close to $1 billion in core earnings as soon as 2025 amid strong demand, its top executive said.
Malaysia will limit retail purchases and boost enforcement to prevent locally produced rice being sold as the more expensive imported grain, as the fallout from India’s export curbs continuing to upend the market.
Malaysia kept its benchmark interest rate unchanged yet again on Thursday, as the Southeast Asian country looks to sustain economic growth following months of slowing inflation and exports.
Sweden’s H2 Green Steel AB raised €1.5 billion ($1.6 billion) of equity to help finance the world’s first large-scale green steel plant and a giga-scale electrolyzer that will supply the site with hydrogen.
German industrial output fell again in July, further holding back Europe’s biggest economy and casting a pall over the start of the third quarter.
Chubu Electric Power Co. agreed to invest in US nuclear technology company NuScale Power Corp., as the Japanese utility follows the government’s lead in making greater use of atomic power.
China’s top chipmaker, Semiconductor Manufacturing International Corp., warrants investigation as the company appears to have violated US sanctions by supplying components to Huawei Technologies Co., US lawmakers said.
The slide in the yen isn’t over, despite expectations the dollar may not be quite so strong in coming months, said the top forecaster for the currency.