By Selena Li HONG KONG (Reuters) – China’s Ping An Insurance Group defended its call to spin off HSBC’s Asia business, saying it cared about investment returns from its large stake in Europe’s biggest bank but was not an activist investor. “It is a significant investment and we’ve invested in it for seven years,” Jessica …
Ping An stands by HSBC spin-off call but says it is not an activist investor Read More »
By Ella Cao and Ryan Woo BEIJING (Reuters) – When the COVID-19 pandemic forced Wang Wei to shut his tourism company, the Tianjin native poured his life-savings of 80,000 yuan ($11,785) into selling coffee from the back of his green Suzuki micro van in the Chinese capital Beijing. Since June, Wang has driven his mobile …
China’s jobless turn to car boot sales as COVID-hit economy stalls Read More »
By Tom Hals WILMINGTON, Del. (Reuters) – A whistleblower’s complaint that Twitter Inc misled federal regulators about the company’s security risks could provide Elon Musk with fresh ammunition in his bid to get out of buying the company for $44 billion. Until now, Musk’s legal showdown with Twitter has primarily centered around claims that the …
Twitter whistleblower could help Musk by adding ‘volatility’ to legal battle Read More »
By Satoshi Sugiyama TOKYO (Reuters) -A widening scandal at Japan’s Hino Motors over falsification of engine data has become a headache that will not go away for parent Toyota Motor Corp, adding to a difficult year already complicated by multiple production halts. Hino, Toyota’s truck and bus unit, said on Monday it would suspend shipments …
Hino’s widening engine scandal becomes nagging headache for Toyota Read More »
WASHINGTON (Reuters) -Owners of some Hyundai and Kia SUVs that were recently recalled over fire risks should park them outdoors away from homes until they are repaired, the U.S. Department of Transportation said on Tuesday. The South Korean automakers last week recalled thousands of Hyundai Palisade and Kia Telluride vehicles made from 2020 to 2022, …
Some Kia, Hyundai SUVs should be parked outdoors over fire risk – U.S. regulator Read More »
By Herbert Lash NEW YORK (Reuters) – The dollar eased and yields at first fell on Tuesday as data showing slower economic growth raised initial hopes the Federal Reserve will back off its aggressive hiking of interest rates at its central bank symposium at Jackson Hole, Wyoming on Friday. But yields later rose and stocks …
Dollar, stocks slip as market struggles with Fed message Read More »
By David Shepardson WASHINGTON (Reuters) – Toyota Motor Corp on Tuesday said it recognized the state of California’s authority to set vehicle emissions standards under the U.S. Clean Air Act. Toyota said the move will make it eligible for government fleet purchases by California. California Air Resources Board (CARB) chair Liane Randolph said the board …
Toyota recognizes California authority to set vehicle emissions standards Read More »
By Chavi Mehta (Reuters) -Twitter Inc misled federal regulators about its defenses against hackers and spam accounts, the social media company’s former security chief Peiter Zatko said in a whistleblower complaint. In an 84-page complaint, Zatko, a famed hacker more widely known as “Mudge,” alleged Twitter falsely claimed it had a solid security plan, according …
Twitter misled regulators on hackers and spam, whistleblower claims Read More »
(This Aug. 18 story refiles to clarify Charles Self’s location in paragraph 3) By Chibuike Oguh NEW YORK (Reuters) – Global equity markets were choppy and U.S. Treasury yields fell on Thursday, as uncertainty over the pace of interest rate hikes prevailed among investors after the Federal Reserve’s meeting minutes showed officials were determined to …
Shares choppy, U.S. yields fall as investors digest Fed minutes Read More »
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s top court ordered former prime minister Najib Razak to begin a 12-year prison sentence on Tuesday after upholding a guilty conviction on charges related to a multi-billion dollar graft scandal at state fund 1Malaysia Development Berhad (1MDB). The Federal Court ruling caps the stunning downfall of Najib, who …
Malaysian ex-PM Najib goes to jail for graft after losing final appeal Read More »
