PARIS (Reuters) – Google has submitted proposals to the French antitrust watchdog about how it would deal with news agencies and publishers in a dispute about paying for news content, Google and the watchdog said on Wednesday. France’s Competition Authority said in a statement it would put these proposals to a public consultation and the …
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By David Shepardson WASHINGTON (Reuters) – Major U.S. airlines Wednesday will defend a $54 billion COVID-19 government lifeline even as they face operational challenges and work to speed hiring to address rising demand. The Senate Commerce Committee will hear from the chief executives of American Airlines, Southwest Airlines and United Airlines, as well as the …
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(Reuters) -The Financial Times newspaper has followed the Time magazine in naming Elon Musk, the chief of Tesla Inc, as its “person of the year”, commending him for the work done in transforming the electric vehicle industry. Tesla, the global EV leader, has pushed many young consumers and legacy automakers to shift focus to electric …
By Gram Slattery RIO DE JANEIRO (Reuters) – A Brazilian police investigation of alleged bribery of Petrobras employees to fix the price of fuel sold to JPMorgan Chase & Co by the state-run oil firm has expanded from one deal to at least four over the course of 2011, according to documents and two law …
BEIJING (Reuters) -Cancer treatment specialist BeiGene Ltd plunged 16.4% on its Shanghai debut on Wednesday after raising $3.5 billion, hit by concerns over its valuation amid potential U.S. sanctions on Chinese biotech companies. BeiGene, which is already listed in Hong Kong and the United States, launched the biggest STAR Market float this year, taking advantage …
Biotech BeiGene slides in Shanghai after $3.5 billion STAR debut Read More »
SHANGHAI (Reuters) – Chinese banks could see their bad loan ratio of property loans more than double by the end of 2021 from the middle of the year, S&P Global Ratings said, as headwinds in the Chinese property sector intensified in the second half. The non-performing loan (NPL) ratio of property loans at Chinese banks …
Chinese banks to see doubling of bad property loan ratio, warns S&P Read More »
BEIJING/HONG KONG (Reuters) – Chinese authorities are scrutinising the assets of China Evergrande Group and its wealthy chairman Hui Ka Yan but expect no fire sale for now at the world’s most indebted property developer, two sources with direct knowledge of the matter said. The audit, previously unreported, highlights how Beijing is taking charge at …
Exclusive: China audits Evergrande, chairman’s assets, no fire sale for now -sources Read More »
By Clare Jim HONG KONG (Reuters) – A group of offshore bondholders of Kaisa Group Holdings Ltd have agreed to amass up to $1 billion in order to buy bad loans from the Chinese developer’s onshore creditors, two people with direct knowledge of the matter said. Kaisa, which has offshore debt of $12 billion, did …
Offshore Kaisa bondholders look to buy its China bad loans -sources Read More »
TOKYO (Reuters) – Toyota Motor Co said on Wednesday it planned to build 800,000 vehicles globally in January, a record for the month, as it ramps up production to make up for output lost to parts shortages. “We will continue to maintain our production forecast of the 9 million unit level” for the year to …
Toyota says it will build record 800,000 vehicles in January Read More »
A look at the day ahead from Dhara Ranasinghe. A fortnight ago, Federal Reserve chief Jerome Powell offered a glimpse of what was to come at the December Fed meeting by suggesting a tapering of asset purchases would be speeded up. Now it’s time for Powell to reveal his full hand. With inflation running at …
