(Reuters) – Chinese courier delivery firm BingEx, which brands its services as ‘FlashEx’, has filed to go public in the United States, a regulatory filing showed on Friday. WHY IT’S IMPORTANT Several high-profile companies are trying to test investor appetite for IPOs following a prolonged downturn due to rising interest rates and geopolitical turmoil. The …
Chinese courier delivery firm BingEx files for US IPO Read More »
By David Shepardson WASHINGTON (Reuters) – TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The U.S. Court of Appeals for the District of Columbia will hold oral …
TikTok faces crucial court hearing that could decide fate in US Read More »
(Reuters) -The European Union is aiming to hold a vote to introduce definitive tariffs on electric vehicles imported from China on Sept. 25, Bloomberg News reported on Friday, citing people familiar with the plan. The European Commission is on the verge of proposing final tariffs of up to 35.3% on EVs built in China, on …
EU plans Sept 25 vote on raising tariffs on EVs from China, Bloomberg News reports Read More »
By Julie Zhu and Xie Yu HONG KONG (Reuters) -Chinese regulators hit PwC’s mainland China unit with a six-month suspension and a record fine of 441 million yuan ($62 million) on Friday over the firm’s audit of failed property developer China Evergrande Group. Delivering a strong rebuke to the Big Four firm, China’s securities regulator …
China hits PwC with six month ban and large fine in record penalty over Evergrande audit Read More »
TOKYO (Reuters) – Japanese trading house Sumitomo Corp has entered India’s renewable energy market by creating a joint venture with Indian renewable energy company AMPIN Energy Transition, Sumitomo said on Friday. Sumitomo, which holds 49% in the JV with AMPIN Energy Transition having the rest, said the two planned to supply energy from solar and …
Japan’s Sumitomo Corp enters renewable energy market in India Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japanese retail giant Seven & i Holdings has been classified as “core” to national security, according to an updated finance ministry list released on Friday. The new classification comes a week after Seven & i rejected a $38.5 billion buyout offer from Canada’s Alimentation Couche-Tard. Couche-Tard is discussing potentially raising …
Japan says Seven & i now ‘core’ to national security Read More »
(Reuters) – Sony Music is in advanced talks to buy the rights to music recorded by legendary English rock group Pink Floyd for about $500 million, the Financial Times reported on Friday. Pink Floyd has been riven by personal differences between band members, notably Roger Waters and David Gilmour, that has made reaching an agreement …
Sony in talks to buy Pink Floyd music rights for about $500 million, FT reports Read More »
By Aaditya GovindRao and Rajasik Mukherjee (Reuters) -Singapore’s Olam Agri [IPO-OLAA.SI] raised its stake in Australia’s Namoi Cotton, it said on Friday, hours after increasing its buyout offer for the cotton ginning firm to top Dutch commodities trader Louis Dreyfus Co’s (LDC) bid. However, LDC also raised its stake in Namoi, to above 21%, on …
Olam Agri raises bid for Australia’s Namoi Cotton, beating top investor LDC’s offer Read More »
By Yuka Obayashi TOKYO (Reuters) -Nippon Steel and U.S. Steel sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese steelmaker said. The spokesperson did not provide details about the letter’s content, but …
Nippon Steel, US Steel send letter to Biden on merger plans Read More »
(Reuters) – British chip firm Arm Holdings said on Thursday that Young Sohn, a senior adviser at Samsung Electronics, will rejoin its board. Having previously served on Arm’s board, Sohn said that his history with the company has “provided unique perspective into how critical Arm technology is to the world that relies on it.” “The …
Samsung senior adviser Young Sohn to rejoin Arm’s board Read More »
