By Raphael Satter WASHINGTON (Reuters) -Microsoft said on Friday that Chinese hackers misappropriated one of its digital keys and used a flaw in the company’s code to steal emails from U.S. government agencies and other clients. The company said in a blog post that the hackers were able to use the key – which they …
Microsoft says Chinese hackers used code flaw to steal emails from US agencies Read More »
By Suban Abdulla LONDON (Reuters) -British luxury fashion brand Burberry reported an 18% rise in first-quarter comparable store sales on Friday, meeting market expectations thanks to a continued rebound in China. Sales in mainland China, its biggest market, were up 46% in the 13 weeks to July 1, reflecting the country’s emergence from COVID-19 lockdowns …
HANOI (Reuters) -Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that has plans to merge with Vietnam’s electric automaker VinFast to allow a U.S. listing, have redeemed over 80% of their shares, the SPAC said on Friday. It was a setback for VinFast, which had initially planned a U.S. listing on its …
Investors in VinFast’s SPAC cash out most shares Read More »
BEIJING (Reuters) -Guangzhou R&F Properties said on Friday a Chinese court has rejected bankruptcy restructuring demand made by some creditors as no evidence of the property developer’s insolvency was found. The developer’s 2021 and 2022 financial reports showed it had more than 110 billion yuan ($15.41 billion) in assets, China Securities Journal said, citing a …
Guangzhou R&F says Chinese court rejects bankruptcy restructure demand Read More »
SINGAPORE (Reuters) -A Singapore government minister and a property tycoon were arrested this week, the anti-graft body said on Friday, without giving details of what prompted the rare high-level probe that has gripped the city state. Transport Minister S. Iswaran and managing director of Hotel Properties Ong Beng Seng were arrested on Tuesday and subsequently …
Singapore minister, tycoon arrested in rare high-level graft probe Read More »
(Reuters) – Volkswagen said on Friday its Group deliveries increased 12.8% year-on-year from January to June, registering growth in every region except China, which saw a 1.2% drop. Shipments of battery-electric vehicles to China also fell by 1.6% in the period, to 62,400, according to the German carmaker. By comparison, North America deliveries were up …
Volkswagen’s H1 deliveries up in every region but China Read More »
By Sarita Chaganti Singh and Aditi Shah NEW DELHI (Reuters) -China’s BYD Co has submitted a $1 billion investment proposal to build electric cars and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters. BYD and privately held Hyderabad-based Megha Engineering and Infrastructures have submitted …
Exclusive-BYD proposes $1 billion India plan to build EVs, batteries – sources Read More »
SHANGHAI/SINGAPORE (Reuters) – China’s central bank is expected to keep borrowing costs unchanged while ramping up liquidity support when it rolls over 100 billion yuan ($14.03 billion) worth of medium-term policy loans on Monday, a Reuters survey of market watchers showed. Last month, monetary authorities lowered key policy rates, as China’s post-pandemic economic recovery showed …
SEOUL (Reuters) – Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker’ s website said, making the vehicles eligible for the maximum rate of government subsidies. The car, which boasts a driving range of 350 kilometres (217.48 miles) and has …
Tesla begins sale of cheaper Model Y vehicle in South Korea Read More »
(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it expects to record a profit of up to HK$4.5 billion ($576 million) in the first half of the year as travel demand skyrockets after border reopenings. Cathay Pacific booked record losses in the last three years as it parked much of its fleet during the …
Cathay Pacific expects up to $576 million first-half profit as demand jumps Read More »
