Business
Adani Group says balance sheet of companies “very healthy”
BENGALURU (Reuters) – Adani Group said on Monday the balance sheet of each of its portfolio companies was “very healthy” and that…
Business
Geely’s EV brand Zeekr raises $750 million in fresh funding round
SHANGHAI (Reuters) – Zeekr, the electric car brand of China’s Geely Automobile Holdings, is raising $750 million from five new and existing…
Business
Rise in Canadian shareholder activism faces test next month with new rules in place
By Maiya Keidan TORONTO (Reuters) – A recent rise in Canada’s shareholder activism faces a reality check next month when a new…
Business
Marketmind: Inflation contemplation
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. World markets this week will…
Business
Exclusive: South Korea aims to join AI race as startup Rebellions launches new chip
By Jane Lanhee Lee and Joyce Lee SEOUL (Reuters) – South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on…
Business
Last year’s laggards lead U.S. stocks’ 2023 rebound, for now
By Lewis Krauskopf NEW YORK (Reuters) -U.S. stocks that took a beating last year are surging in the early weeks of 2023,…
Business
Meta delays setting team budgets as Facebook parent plans fresh round of layoffs -FT
(Reuters) – Facebook parent Meta Platforms Inc has delayed finalizing the budgets of multiple teams as it prepares a fresh round of…
Business
China tightens requirements on classifying banks’ asset risks
SHANGHAI (Reuters) – China on Saturday tightened risk management requirements on banks, requiring them to classify financial-asset risks in a timely and…
Business
G20 exploring cryptocurrency regulation, India’s finance minister says
By Nikunj Ohri (Reuters) – The Group of 20 (G20) big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance…
Business
Bed Bath & Beyond to wind down Canada operations
(Reuters) – Bed Bath & Beyond Inc will wind down its operations in Canada, a court filing posted on alvarezandmarsal.com showed on…