(Reuters) -Chinese diagnostic lab company Adicon Holdings Ltd said on Monday it would raise HK$408.9 million ($52.29 million) in its Hong Kong listing through a global offering by issuing 33.2 million shares. The shares will be priced at HK$12.32, the company said. The global offering will comprise about 3.3 million or 10% shares to be …
By Hyunsu Yim SEOUL (Reuters) -North Korea has said its botched military satellite launch last month was the “gravest failure” at the ruling party’s latest key meeting, state media KCNA reported on Monday. The enlarged plenary meeting was held between Friday and Sunday, ordering workers and researchers to analyze the failed military satellite launch and …
North Korea says botched satellite launch was ‘gravest failure’ Read More »
TOKYO (Reuters) – Support for Japanese Prime Minister Fumio Kishida’s cabinet slid 12 percentage points to 33%, coming off a peak during a Group of Seven leaders summit in Hiroshima, the Mainichi Shimbun reported on Sunday, citing its own poll. The disapproval rate rose to 58% from 46% in the previous survey in late May, …
Support for Japan PM Kishida’s cabinet slumps – media poll Read More »
By Nick Carey LONDON (Reuters) – JLR said on Monday it has partnered with supply chain mapping and risk analytics firm Everstream Analytics, which will embed artificial intelligence into the British luxury carmaker’s system to help avert future global supply issues. The new AI technology, JLR said, will allow it to monitor its supply chain …
JLR taps Everstream Analytics’ AI to dodge supply chain problems Read More »
By Sarah Marsh and Andreas Rinke BERLIN (Reuters) – Chancellor Olaf Scholz faces a delicate balancing act this week at German-Chinese government consultations in Berlin, seeking to maintain good ties with Germany’s largest trade partner while complying with a G7 pledge to “de-risk” from Beijing. Scholz receives Chinese premier Li Qiang for dinner in the …
Scholz faces tricky balancing act in Germany-China talks Read More »
By Xie Yu, Ziyi Tang and Julie Zhu HONG KONG (Reuters) – From cutting salaries and bonuses and asking staff not to wear expensive clothes and watches at work, to reining in travel and entertainment expenses, Chinese financial firms have jumped on an austerity drive as Beijing pushes to bridge the wealth gap. The steps …
Analysis-China bankers told to shun flashy clothes, 5-star hotels in austerity drive Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market trading will be lighter than usual on Monday with no major regional economic data scheduled and U.S. markets closed, leaving investors to gear up for the first major event of the week on …
Marketmind: Investors look ahead to China rate decision Read More »
(Reuters) – Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. “They developed very quickly, and they developed them in large scale. And now they’re exporting them,” Ford told CNN’s ‘Fareed Zakaria GPS’ Sunday program. “They’re not here but they’ll …
Ford chairman says US can’t yet compete with China on EVs – CNN interview Read More »
By Giuseppe Fonte ROME (Reuters) -Italy’s government has ruled that China’s Sinochem cannot designate the chief executive of Pirelli despite being its main shareholder with a 37% stake, the Italian tyremaker said on Sunday. The decision is part of the measures announced this week by Rome’s right-wing administration to shield the autonomy of Pirelli and …
Italy rules Pirelli’s Chinese top investor Sinochem cannot choose CEO Read More »
(Reuters) – (This June 17 story has been corrected throughout to show comments were from Indian Oil executive, not head of ONGC, as erroneously reported by Interfax news agency; and adds quotes from online broadcast of the panel) Russia may account for almost a third of Indian Oil’s crude oil imports in the current financial …
Indian Oil exec expects Russia to make up 30% of company’s imports this year Read More »
