Reuters Asia Business

By Gleb Stolyarov and Alexander Marrow (Reuters) – Carmaker Stellantis halted production in Russia in April 2022. But the decision did not stop Russian operators from joining forces with a Chinese partner the following year to start making new versions of Stellantis’ Citroen models, according to customs data and two people familiar with the matter. …

Exclusive-Russians use Chinese partner to produce Citroen cars at idled Stellantis plant Read More »

By Kevin Buckland TOKYO (Reuters) -Japan’s Nikkei share average rallied to its highest level in 34 years on Thursday, as chip-related shares tracked overnight gains in Wall Street peers. The benchmark stock index now sits just 800 points, or about 2%, below its all-time high in 1989 that marked the peak of Japan’s so called …

Japan’s Nikkei pushes to 34-year peak as chip shares climb Read More »

(Reuters) – FWD Group Holdings Ltd, the Asian insurer controlled by billionaire Richard Li, is considering options, including a potential stake sale after delaying a planned initial public offering, Bloomberg News reported on Thursday. The company could seek a valuation of more than $10 billion in any deal, the report said, citing people familiar with …

FWD mulls options for $10 billion insurer after IPO delay – Bloomberg News Read More »

By Sam Nussey TOKYO (Reuters) -Japan’s Renesas Electronics on Thursday said it would buy electronics design firm Altium for $5.9 billion in cash, as the acquisitive automotive chipmaker looks to offer digital device design to customers. The acquisition places Renesas at the forefront of dealmaking and investment in Japan’s chips industry, with the government making …

Japan chipmaker Renesas to buy software firm Altium for $5.9 billion Read More »

BERLIN (Reuters) – Volkswagen said on Wednesday it expected to resolve by the end of March delays in the delivery of thousands of vehicles held up at U.S. ports due to a customs problem. The Financial Times reported on Wednesday that about 1,000 Porsche sports cars and SUVs, several hundred Bentleys and several thousand Audi …

Some Volkswagen cars delayed in U.S. ports over Chinese part Read More »

By Raphael Satter WASHINGTON (Reuters) – State-backed hackers from Russia, China, and Iran have been using tools from Microsoft-backed OpenAI to hone their skills and trick their targets, according to a report published on Wednesday. Microsoft said in its report it had tracked hacking groups affiliated with Russian military intelligence, Iran’s Revolutionary Guard, and the …

Microsoft says it caught hackers from China, Russia and Iran using its AI tools Read More »

By Nick Carey LONDON (Reuters) – Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China, market research firm Rho Motion said on Wednesday. Sales of fully-electric cars, or battery electric …

Global EV sales up 69% y/y in Jan, down 26% vs Dec – Rho Motion Read More »