By Luc Cohen NEW YORK (Reuters) -Malaysia wants a former Goldman Sachs banker convicted last year in New York of helping loot billions of dollars from its 1MDB sovereign wealth fund to return to the country before starting his 10-year U.S. prison sentence. U.S. District Judge Margo Brodie in Brooklyn on Tuesday delayed Roger Ng’s …
Malaysia seeks return of ex-Goldman banker convicted in 1MDB case Read More »
By Echo Wang and Anirban Sen NEW YORK (Reuters) -Arm Holdings Ltd, the chip designer owned by SoftBank Group Corp, began its marketing road show for its blockbuster initial public offering on Tuesday in Baltimore, where T. Rowe Price is headquartered, underscoring the fund manager’s significance as a potential investor. Arm is also meeting with …
SoftBank’s Arm starts IPO road show in Baltimore to court T. Rowe Price Read More »
By Manya Saini (Reuters) -SoftBank Group’s Arm is seeking a valuation of more than $52 billion in its initial public offering, the chip designer said on Tuesday as it begins marketing for the biggest U.S. stock market flotation of the year. SoftBank is offering 95.5 million American depository shares of the United Kingdom-based company for …
SoftBank’s Arm aims for over $52 billion valuation in biggest US IPO of the year Read More »
OTTAWA (Reuters) -A unit of South Korea’s Solus Advanced Materials will build a copper foil facility in the Canadian province of Quebec, producing technology for electric vehicle (EV) batteries, Ottawa said on Tuesday. The Volta Energy Solutions project in the town of Granby is valued at C$700 million ($514.37 million) and should be at full …
Unit of S. Korea’s Solus to build Canada copper foil facility as part of EV battery push Read More »
BEIJING (Reuters) – Tesla Shanghai has sued a Chinese firm over tech secret infringement and unfair competition disputes, Shanghai Securities Journal reported on Tuesday. The lawsuit against Bingling Intelligent Technology, a chip designer and auto parts maker based in Changzhou, Jiangsu province, will be heard in the Shanghai intellectual property court on October 10, according …
Tesla sues Chinese firm over tech secret infringement -Chinese state media Read More »
(Reuters) -Japan’s Kokusai Electric will list its shares on the Tokyo Stock Exchange as soon as October, the Nikkei business daily reported on Tuesday. The valuation for the chipmaking device manufacturer, owned by U.S. private equity firm KKR, is projected to exceed 400 billion yen ($2.71 billion), according to the report. The initial public offering …
Japan’s Kokusai Electric to list shares on Tokyo Stock Exchange in October – Nikkei Read More »
By Xie Yu and Shuyan Wang HONG KONG/BEIJING (Reuters) -China’s Country Garden made interest payments on U.S. dollar bonds hours ahead of a grace period deadline, a person close to the firm said, pulling back from the brink of default for the second time in four days and bringing some relief to the country’s crisis-hit …
China’s Country Garden dodges another default in relief for property sector Read More »
SINGAPORE (Reuters) – Singapore’s central bank, the Monetary Authority of Singapore (MAS), said on Tuesday that it had issued a lifetime ban against Ng Chong Hwa, the former managing director of Goldman Sachs (Singapore) embroiled in the 1MDB scandal. The order follows the conviction of Ng, who is also known as Roger Ng, in the …
Singapore’s central bank bans ex-Goldman banker Ng for life over 1MDB Read More »
By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) -Thailand’s 2023 economic growth and inflation are expected to be lower than previously forecast due to softer-than-expected exports and tourism spending, the central bank chief said on Tuesday. Southeast Asia’s second-largest economy has been impacted by slowing global growth, a faltering recovery in its main trading partner …
Thai central bank to revise down forecasts for 2023 growth and inflation Read More »
MUNICH (Reuters) – China’s Leapmotor needs to increase its sales by five times or more to survive a consolidating EV industry and is seeking partners outside China to license its technology, the company’s chief executive told Reuters. The eight-year-old EV maker will target exports starting with Europe, Australia and New Zealand and five new models …
China’s Leapmotor looks to sell EV tech as it targets export growth Read More »
