(Corrects to clarify that new model will only be sold as hybrid in North America in paragraph 3) TOKYO (Reuters) – Toyota on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a high-margin and iconic sports utility …
Toyota revamps iconic Land Cruiser with hybrid version Read More »
(Reuters) – Evergrande Property Services Group Ltd said on Wednesday it had applied to the Hong Kong Stock Exchange to resume trading of the company’s shares from Aug. 3. Shares of the company, the property services unit of China Evergrande Group, have been suspended from trading since March 21, 2022, after being sucked into a …
China’s Evergrande Property applies to resume trading on Hong Kong exchange Read More »
(Corrects headline and first paragraph of July 31 story to make clear the HK stock exchange has removed a section of its listing rules specific to China, but that it says level of scrutiny for IPO aspirants is unchanged.) By Selena Li and Kane Wu HONG KONG (Reuters) -Hong Kong stock exchange has removed a …
Hong Kong cuts China-risk section in listing rules, but says scrutiny unchanged Read More »
(Reuters) – Ratings agency Fitch on Tuesday downgraded the U.S. government’s top credit rating by a notch to ‘AA+’ sending jitters across global markets as investors assessed the impact from the move. [MKTS/GLOB] Here is a list of countries whose sovereign debt is still rated ‘AAA’ by at least two of the top three ratings …
Factbox-Credit rating: The shrinking ‘triple A’ club Read More »
By Clare Jim and Ziyi Tang HONG KONG/BEIJING (Reuters) -Some Chinese city governments have made it harder for developers to access tens of billions of dollars from property sales held in escrow accounts, people familiar with the matter said, raising risks the cash-strapped companies will be squeezed even more. The moves are aimed at ensuring …
Exclusive-Chinese cities tighten property firms’ access to escrow funds-sources Read More »
BEIJING (Reuters) -Volkswagen is in talks with Chinese electric vehicle startup Zhejiang Leapmotor Technology about the possibility of cooperation for Volkswagen’s Jetta brand, a Chinese media outlet reported on Wednesday, citing sources. A joint venture between VW and state-owned Chinese automaker FAW Group could “buy” a platform of EV technologies from Leapmotor, according to the …
Volkswagen in talks with Leapmotor on tech tie-up for Jetta brand – China media Read More »
TOKYO (Reuters) -Subaru will target annual sales of 600,000 battery electric vehicles by 2030 so that they make up 50% of its global sales target, the Japanese automaker said on Wednesday. It also said it planned to invest about 1.5 trillion yen ($10.51 billion) by around the start of next decade in electrification. “The coming …
Subaru aims to have battery EVs make up half of its sales by 2030 Read More »
(Reuters) -Binance users traded cryptocurrency-related assets worth $90 billion in a single month in China, where such trading has been illegal since 2021, the Wall Street Journal reported, citing internal figures, and current and former employees of the exchange. The transactions made China Binance’s biggest market by far, accounting for 20% of volume worldwide, excluding …
Binance did monthly transactions worth $90 billion in banned China market – WSJ Read More »
BEIJING (Reuters) – China has rolled out a series of policy measures in recent weeks to support the economy as its post-pandemic recovery falters, and more steps are expected. The world’s second-largest economy staged a solid rebound in the first quarter after COVID curbs were removed, but the recovery has faded as demand at home …
Factbox-China’s measures to support the economy amid faltering recovery Read More »
(Reuters) -British chip designer Arm Ltd is targeting an initial public offering (IPO) at a valuation of between $60 billion and $70 billion as soon as September, Bloomberg News reported on Wednesday, citing people familiar with the matter. The roadshow is scheduled to start in the first week of September with pricing for the IPO …
SoftBank’s Arm Ltd aims upto $70 billion valuation in September IPO – Bloomberg News Read More »
