By Heekyong Yang SEOUL (Reuters) – Hyundai Motor Co’s shares hit a record high as investors bet on the South Korean automaker’s plan to list its India unit in Mumbai, which would help Hyundai Motor boost its presence in the world’s third biggest auto market. Shares of Hyundai Motor rose as much as 6.3% on …
Hyundai Motor shares hit record high as investors bet on India IPO Read More »
By Leika Kihara and Takahiko Wada TOKYO (Reuters) -The Bank of Japan is likely to trim bond buying by around 24 trillion yen ($152 billion) annually in new guidance due next month, but forgo raising interest rates at least until September, former board member Makoto Sakurai said on Monday. At its policy meeting on Friday, …
BOJ to forgo July rate hike, taper $152 billion per year, says ex-policymaker Read More »
BERLIN (Reuters) – Growing competition from China is weighing on the outlook for Germany’s robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters. “Competition is fierce,” Frank Konrad, head of VDMA’s robotics and automation department, said in comments published on Monday. …
German robotics industry faces stiff competition from China, VDMA says Read More »
(Reuters) -Hong Kong-listed L’Occitane International said on Monday Chairman Reinold Geiger has offered minority shareholders an alternative to his existing $1.8 billion cash takeover offer as he pursues to take the skincare firm private. Geiger, whose firm owns about 72.4% of L’Occitane, is now offering the remaining shareholders an option between the existing HK$34 apiece …
L’Occitane Chairman Geiger offers scrip alternative to take firm private Read More »
SEOUL (Reuters) – Stabilising prices are creating an environment to cut rates in South Korea, a senior presidential official said on Sunday. “(South Korea) is one of the countries with the most stable price levels compared to other countries globally,” Sung Tae-yoon, policy chief for South Korean President Yoon Suk Yeol, told a public broadcaster …
Conditions for rate cut emerging in South Korea, says presidential official Read More »
(Reuters) -Adidas has launched an investigation into allegations of large-scale bribery in China after the company received a whistleblower complaint that accused senior staff of embezzling “millions of euros”, the Financial Times reported on Sunday. The anonymous letter, which claims to have been written by “employees of Adidas China”, names several Chinese Adidas employees including …
Adidas investigates bribery allegations in China, FT says Read More »
By Sethuraman N R, Nandan Mandayam and Aditi Shah NEW DELHI (Reuters) -Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. The IPO will make …
Hyundai deepens India bet, files for IPO that could be country’s biggest Read More »
By Gayatri Suroyo and Kate Lamb JAKARTA (Reuters) – Indonesia’s President-elect Prabowo Subianto has no plans to boost the country’s public debt to 50% of gross domestic product (GDP), a senior aide said on Saturday, denying a report that had hit the nation’s currency and bond markets. Thomas Djiwandono, who leads fiscal discussions between Prabowo’s …
Prabowo adviser denies plans to raise Indonesia’s debt to 50% of GDP Read More »
BENGALURU (Reuters) – Hyundai Motor India sought regulatory approval on Saturday to list on the Mumbai stock market in what could be the biggest IPO in the South Asian nation. India is the world’s third-largest car market after China and the United States, and one where Hyundai fiercely competes with the likes of Maruti Suzuki …
Factbox-IPO-bound Hyundai India and its rivals in the world’s third-biggest car market Read More »
BENGALURU (Reuters) – Hyundai Motor’s Indian business filed draft papers on Saturday for what could be one of India’s biggest initial public offerings (IPOs), which the South Korean automaker said was aimed at increasing its brand image and providing liquidity in the country. Here are some of India’s largest IPOs: * LIFE INSURANCE CORPORATION OF …
Factbox-As Hyundai India eyes listing, here are some of nation’s biggest IPOs Read More »
