By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks may lead to some concentration in the sector, and regulators will likely be open to such mergers, Treasury Secretary Janet Yellen said on Saturday. Yellen told Reuters she was not seeing evidence of pressure on …
Yellen expects US regulators to be open to mergers among midsize banks Read More »
(Reuters) – Japanese companies raised wages by 3.89% on average this year, the fastest pace of increase in three decades, according to a survey conducted by Nikkei newspaper that ran on Saturday. The pace of increase was 1.54% point higher than the previous year, a sign that more companies were hiking pay to compensate employees …
Japanese firms hike wages by 3.89% this year – Nikkei Read More »
(Reuters) – The U.S. Trade Representative’s Office said on Friday it was extending exclusions from tariffs for 77 of 81 Chinese medical product import categories related to the COVID-19 pandemic. (Reporting by Jasper Ward and Doina Chiacu)
SHANGHAI/BEIJING (Reuters) -China’s market regulator said Tesla Inc will fix software in more than 1 million vehicles to reduce the chance of accidents, the regulator said on Friday. The action is described as a product recall under Chinese regulations, the regulator said, but it was not immediately clear if drivers might need, or would be …
China says Tesla to fix software for 1.1 million cars on braking issue Read More »
By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas car battery plant thanks to lobbying from President Emmanuel Macron, deal sweeteners and competitive power prices, executives from the Taiwanese company said. After narrowing a list of countries from 13 to three, ProLogium said it …
France lands battery gigafactory with sweeteners, zero-carbon power Read More »
(Reuters) – Property developer China Evergrande Group said on Friday it has received an enforcement notice from the court in relation to arbitral proceedings against its unit and executive director by Hexin Hengju (Shenzhen) Investment Holding Center. The group said the enforcement notice requires it to pay compensation of about 770 million yuan ($111.40 million) …
China Evergrande ordered to pay $111 million in arbitration against unit, exec Read More »
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric automaker VinFast said on Friday it will list in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. The move comes after the startup last month said it had received a fresh round of funding pledges worth $2.5 billion from …
Vietnam EV maker VinFast to list in US via a SPAC Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Korean Air Lines expects EU antitrust regulators to issue a formal warning about its bid for Asiana Airlines by the end of May, South Korea’s biggest carrier said on Friday, raising yet another hurdle for a major deal in the aviation industry. The deal announced in late 2020 …
Korean Air expects EU antitrust warning on Asiana bid by end-May Read More »
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Toyota Motor Corp said on Friday the vehicle data of 2.15 million users in Japan, or almost the entire customer base who signed up for its main cloud service platforms since 2012, had been publicly available for a decade due to human error. The incident, which also …
More than 2 million Toyota users face risk of vehicle data leak in Japan Read More »
SHANGHAI (Reuters) – A Chinese self-regulatory body overseeing the interbank market has stepped up efforts in regulating bond businesses by probing into some of the country’s major state-owned banks this week. The National Association of Financial Market Institutional Investors (NAFMII) said late on Thursday that it has launched a so-called self-disciplinary investigation into suspected violations …
China self-regulatory body probes debt businesses at major state banks Read More »
