Reuters Asia Business

Allianz-led consortium to close $3.8 billion Viridium takeover next week, sources say

13 Mar 2025

By Alexander Hübner MUNCH (Reuters) – An Allianz-led consortium is close to winning a bid for Germany’s largest life insurance administrator Viridium, being sold by financial investor Cinven in a 3.5 billion euros ($3.80 billion) deal expected to be finalised next week, two industry sources said on Thursday. Allianz will acquire 25% stake in Viridium, …

Allianz-led consortium to close $3.8 billion Viridium takeover next week, sources say Read More »

China’s VNET raises $430 million in convertible bonds for data center investment

13 Mar 2025

(Reuters) -China-based data center operator VNET Group on Thursday raised $430 million in convertible bonds for investing in the wholesale internet data center projects under the current booming artificial intelligence space. Under the offering, the initial conversion price of $13.75 per American depositary share represents a 25% premium to the stock’s last close. VNET’s shares …

China’s VNET raises $430 million in convertible bonds for data center investment Read More »

China shipowners group says US port fee proposal breaks WTO rules, US law

13 Mar 2025

By Lisa Baertlein LOS ANGELES (Reuters) – The China Shipowners’ Association opposes a U.S. proposal to slap hefty port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and U.S. laws, according to a statement seen by Reuters on Thursday. U.S. President Donald Trump’s administration …

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Chinese stocks, emerging market debt see large inflows in February, says IIF

13 Mar 2025

By Rodrigo Campos NEW YORK (Reuters) -Foreigners added nearly $16 billion to their emerging market portfolios in February, with investors loading up on Chinese stocks as well as debt across developing economies, a report from a finance trade group said on Thursday. Chinese stocks sucked in $11.2 billion, but selling elsewhere meant emerging market equity …

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Korea’s NH Venture eyes investments in Israeli tech startups

13 Mar 2025

By Steven Scheer JERUSALEM (Reuters) – Korea’s NH Venture Investment is looking to invest millions of dollars in Israeli tech firms, its chief executive said, seeking to combine Israeli ingenuity with Korean manufacturing prowess to build larger companies. NH Venture, started in 2019, is an arm of the NongHyup Financial Group. Last July, NH teamed …

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Terabase Energy secures $130 million to expand solar technology deployment

13 Mar 2025

(Reuters) – Solar technology company Terabase Energy announced on Thursday it has secured a funding of $130 million, led by SoftBank, to scale its technology deployment for large solar projects. The funding round, the largest in the company’s history, brings Terabase Energy’s total funding to $200 million. The company did not disclose the valuation at …

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Couche-Tard could lift $47 billion offer for Seven & i if Japanese firm cooperates

13 Mar 2025

By Anton Bridge and Abigail Summerville TOKYO/NEW YORK (Reuters) -Alimentation Couche-Tard could bolster its $47-billion offer for Seven & i if the Japanese firm became more cooperative and revealed more financial information, the founder of the Canadian retailer said on Thursday. Couche-Tard Chairman Alain Bouchard’s remarks at the first press conference in Japan since his …

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Chinese EV maker Xpeng unveils refreshed G6, G9 SUVs with lower prices

13 Mar 2025

BEIJING (Reuters) – China’s electric vehicle maker Xpeng on Thursday unveiled refreshed versions of its G6 and G9 SUVs at prices lower than their previous models. The new G6 starts at 176,800 yuan ($24,402), 11.6% lower than its predecessor, while the G9 will sell from 248,800 yuan, a 5.7% drop, Xpeng’s Chairman He Xiaopeng said …

Chinese EV maker Xpeng unveils refreshed G6, G9 SUVs with lower prices Read More »

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