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Geely truck unit, Farizon, raises $600 million in funding round
(Reuters) - China's Farizon, a maker of electric and hybrid trucks which is owned by automaker Geely, has raised $600 million in a Series-A funding round, the company said in a statement. The Hangzhou...
Syndicated Content Jul 19, 2023
Australian BNPL firm Zip’s credit performance in local market weakens further
(Reuters) - Australia's Zip Co Ltd said on Thursday it faced a jump in bad debts at home grounds, its biggest market by revenue, during the March-June quarter due to poor domestic consumer credit and ...
Syndicated Content Jul 19, 2023
Oil prices open lower on dollar strength, profit-taking
By Laura Sanicola (Reuters) - Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks ...
Syndicated Content Jul 19, 2023
Factbox-What has become of Western carmakers’ assets in Russia?
By Gleb Stolyarov and Alexander Marrow (Reuters) - The Western automakers that dominated Russia's car market left following Moscow's invasion of Ukraine, leaving a slumping production and sales in the...
Syndicated Content Jul 19, 2023
Made in Russia? Chinese cars drive a revival of Russia’s auto factories
By Gleb Stolyarov and Alexander Marrow (Reuters) - The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow's mayor as showing the resilien...
Syndicated Content Jul 19, 2023
Canada’s Pacific dock workers issue strike notice; Trudeau holds crisis meeting
By Chris Helgren and Steve Scherer VANCOUVER (Reuters) -Striking dock workers on Canada's Pacific coast on Wednesday issued a new 72-hour walkout notice just hours after a federal watchdog ruled their...
Syndicated Content Jul 19, 2023
Japan June exports rise 1.5% yr/yr – MOF
TOKYO (Reuters) - Japan's exports in June rose 1.5% from a year earlier, Ministry of Finance (MOF) data showed on Thursday. The rise was less than a 2.2% gain expected by 15 economists in a Reuters po...
Syndicated Content Jul 19, 2023
Warburg Pincus names Asia real estate chief Perlman as president
By Kane Wu (Reuters) - Private equity firm Warburg Pincus on Wednesday named its Asia head of real estate Jeffrey Perlman as successor to Timothy Geithner as president. Geithner, who was U.S. Treasury...
Syndicated Content Jul 19, 2023
The world’s cheapest Domino’s pizza is in inflation-hit India. It costs $0.60
By Praveen Paramasivam and Aditya Kalra CHENNAI/NEW DELHI (Reuters) - Q: How does the world's biggest pizza brand respond to high inflation in the world's most populous nation? A: With the world's che...
Syndicated Content Jul 19, 2023
Activist investor Elliott takes big stake in drugmaker Catalent – WSJ
(Reuters) - Activist investor Elliott Investment has built a significant stake in Catalent and is pushing for a shake-up on the contract drug manufacturer's board, the Wall Street Journal reported on ...
Syndicated Content Jul 19, 2023
Peoria, IL, USA
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