(Reuters) -HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement on Monday. “All necessary regulatory approvals were obtained and the transaction completed on 1 January,” HSBC said. Cerberus-backed …
HSBC completes sale of retail banking business in France Read More »
MANILA (Reuters) – The Philippines is expecting six initial public offerings (IPOs) in 2024 as capital markets may benefit from better economic conditions with an easing of inflation and lower interest rates, the head of Manila’s bourse said. Philippine Stock Exchange President and CEO Ramon Monzon said capital markets fundraising could reach 175 billion Philippine …
(Reuters) – China’s BYD Co, the world’s biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, sold about 3.02 million vehicles in 2023, an increase of 61.9%, it said on Monday. The Shenzhen-based automaker said it sold about 1.6 million battery EVs as well as about 1.4 million plug-in hybrid EVs. BYD said its …
Chinese EV giant BYD posts 62% jump in 2023 vehicle sales Read More »
BENGALURU (Reuters) -Sales of sports utility vehicles (SUVs) rose in December, while small car sales fell despite high discounts, data from Indian automakers showed on Monday. While sales of entry-level vehicles remain slow due to inflation, automakers have benefited from the sales of premium vehicles, catering to a more well-off demographic largely unaffected by higher …
Sales of Indian SUVs soar, smaller cars skid in December Read More »
By Summer Zhen HONG KONG (Reuters) – A share sale plan between China Evergrande New Energy Vehicle Group, the electric vehicle arm of property developer China Evergrande, and U.S.-listed NWTN has lapsed, according to a Hong Kong stock exchange filing on Monday. As neither party agreed on the extension of the long stop date, which …
KARACHI, Pakistan (Reuters) -Pakistan’s consumer price index (CPI) for December rose 29.7% from a year before, data from the Pakistan Bureau of Statistics showed on Monday. The country of 241 million people experienced its highest ever inflation in 2023, with its currency dipping to historic lows until a $3 billion IMF bailout averted an imminent …
Pakistan December CPI up 29.7% y/y – statistics bureau Read More »
By Summer Zhen HONG KONG (Reuters) -Baidu has terminated its planned $3.6 billion acquisition of Nasdaq-listed JOYY Inc’s China live-streaming business, the company said on Monday in a filing with the Hong Kong stock exchange. The failure of the deal casts a shadow on search engine giant Baidu’s ambition to diversify its revenue. The company …
Baidu terminates $3.6 billion purchase of JOYY’s China live-streaming unit Read More »
By Summer Zhen HONG KONG (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd set its sales volume target at 1.9 million units for 2024, up 13% from its total sales last year, according to a Hong Kong stock exchange filing on Monday. The company also said it increased its sales volume target for new energy …
Chinese automaker Geely raises sales target for 2024 to 1.9 million units Read More »
BEIJING(Reuters) – China’s new home prices rose for the fourth straight month in December, a private survey showed on Monday, buoyed by a slew of government support measures. Prices rose 0.1% on average in December from the previous month after rising 0.05% in November, according to the survey by real estate research firm China Index …
China’s new home prices up in Dec for 4th straight month – survey Read More »
TAIPEI (Reuters) – Taiwanese chipmaker TSMC was dragged into the election campaigning fray on Monday as vice presidential candidates argued over the company’s overseas investments and whether tensions with China made Taiwan too dangerous a place to invest. The Jan. 13 presidential and parliamentary election is happening as China, which claims Taiwan as its own …
TSMC gets pulled into Taiwan election fray at VP debate Read More »
