South Korea’s antitrust watchdog will levy a fine of 2.8 billion won ($2.2 million) on Tesla Inc. for alleged violations of the nation’s advertisement law, dealing a setback to the US carmaker that’s seeking to expand its presence in the Asian country.
Space Exploration Technologies Corp. is raising $750 million in new fundraising, which values the company at $137 billion, CNBC reported, citing correspondence it obtained.
Turnaround hopes for Asian equities abound after a near $5 trillion wipeout in valuation, with investors betting some of the biggest bugbears of last year will evolve into tailwinds for 2023.
In three decades at Samsung Electronics Co., Yang Hyang-ja helped shape the 84-year-old conglomerate’s present dominance in global memory chipmaking. Now, she’s taking on a far broader challenge: ensuring Korea remains relevant as the US and China fight over semiconductors.
US lawmakers ratcheted up pressure on Chinese companies whose shares list on American stock exchanges to be more transparent with their financial audits.
The fallout from the collapse of Sam Bankman-Fried’s crypto empire just got messier, with digital-asset entrepreneur Cameron Winklevoss accusing fellow businessman Barry Silbert of “bad faith stall tactics” and the intermingling of funds within his conglomerate that Winklevoss says have left $900 million in customer assets needlessly in limbo since FTX’s meltdown.
India’s courts will begin the new year with a clutch of hearings including a fight to recognize same-sex marriage, a plea against the anti-trust agency’s fine on Google, and petitions challenging the legality of Prime Minister Narendra Modi’s 2016 move to ban high-value currency notes.
Walt Disney Co.’s Avatar: The Way of Water is on pace to become the top-selling movie released in 2022 after leading the box office for a third straight weekend.
North Korean leader Kim Jong Un pledged to increase his nuclear arsenal in the new year to stifle US and South Korean hostile acts, in a policy-setting address where he left almost no opening for a return to long-stalled disarmament talks.
South Korea’s exports continued to decline in December in a sign of cooling global demand as higher interest rates weigh on consumption.
