Dec 17 (Reuters) – Japanese lawmakers were considering new taxes on electric vehicles and plug-in hybrids, which are likely to take effect from May 2028, the Nikkei newspaper reported on Wednesday. The report said that the proposed levy would be added to the existing tonnage tax paid and would be in proportion to the weight …
Japan plans new taxes on EVs and plug-ins from 2028, Nikkei reports Read More »
By Jamie McGeever ORLANDO, Florida, Dec 16 (Reuters) – Wall Street mostly fell on Tuesday – the Nasdaq bucked the trend and rose – while the dollar and Treasury yields slid after figures showed the U.S. unemployment rate in November rose to 4.6%, the highest in more than four years. More on that below. In …
By Heejin Kim and Hyunjoo Jin SEOUL, Dec 16 (Reuters) – Two major Korea Zinc shareholders asked a court on Tuesday to block the company’s plan to sell new shares – part of a scheme to help fund a $7.4 billion U.S. smelter which would be built in partnership with the U.S. government. The filing …
Korea Zinc shareholders ask court to block share sale in $7.4 billion US project Read More »
By David Shepardson WASHINGTON, Dec 16 (Reuters) – Korean automakers Hyundai and Kia agreed on Tuesday to retrofit 7 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of 35 attorneys general. The state attorneys general said the automakers will offer …
Hyundai, Kia agree to retrofit 7 million US vehicles to address theft concerns Read More »
Dec 16 (Reuters) – China has upped its demands and is now pushing for state-owned ship operator Cosco to get a controlling stake in a $22.8 billion ports deal involving two contentious ports near the Panama Canal, The Wall Street Journal reported on Tuesday citing people familiar with the matter. BlackRock and Italian Gianluigi Aponte’s …
China ups demand to controlling stake in Panama ports deal, WSJ reports Read More »
Dec 16 (Reuters) – Britain’s BAE Systems said on Tuesday it will cut its stake in Kazakh carrier Air Astana by nearly half. The aircraft maker, which currently holds about 16.95% stake in Air Astana, is selling global depository receipts representing about 8% of the company’s outstanding common shares. BAE, whose main business is making …
BAE Systems halves stake in Kazakh carrier Air Astana Read More »
Dec 16 (Reuters) – France’s TotalEnergies said on Tuesday it had signed a 21-year power supply deal with Alphabet’s Google, pledging to supply 1 terawatt hour of renewable energy to support its data centres in Malaysia. The French energy major said the power would be generated by the new Citra Energies solar plant in Malaysia, …
TotalEnergies wins 21-year deal to power Google data centres in Malaysia Read More »
Dec 16 (Reuters) – South Korea-based ADEL said late on Monday that it has entered a $1.04 billion partnership with French drugmaker Sanofi to develop and sell the biotech company’s experimental Alzheimer’s disease treatment. Under the terms of the agreement, ADEL will receive an upfront payment of $80 million, with additional milestone payments tied to …
AMSTERDAM, Dec 16 (Reuters) – Sales of equipment used to make computer chip wafers will rise about 9% to $126 billion in 2026 and a further 7.3% to $135 billion in 2027, as chipmakers expand capacity for logic and memory chips used in artificial intelligence, industry group SEMI forecast on Tuesday. Most chips are made in …
AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026 Read More »
Dec 16 (Reuters) – HashKey Group, Hong Kong’s largest licensed crypto exchange, has set its initial public offering price at HK$6.68 per share, raising HK$1.61 billion ($206.96 million), according to an exchange filing on Tuesday. The company offered 240.6 million shares under the IPO, and a source with direct knowledge of the matter had told …
Crypto exchange HashKey raises $207 million in Hong Kong IPO Read More »
