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Exclusive-Allianz in talks with banks for China asset management venture -sources
By Samuel Shen and Selena Li HONG KONG (Reuters) - Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world's second-largest economy, two people with ...
Syndicated Content Aug 23, 2022
Explainer-Malaysia’s ex-PM Najib and the multi-billion dollar 1MDB scandal
KUALA LUMPUR (Reuters) - Malaysia's top court ordered former prime minister Najib Razak to begin a 12-year prison sentence on Tuesday after rejecting his appeal against a conviction on charges related...
Syndicated Content Aug 23, 2022
Explainer-How meme stock darling AMC’s new preferred shares work
(Reuters) - AMC Entertainment Holdings Inc, the movie theater operator that investors have turned into a meme stock, completed the listing of its new preferred shares on Monday, setting the stage for ...
Syndicated Content Aug 23, 2022
Chinese airline owner Juneyao Group plans to enter booming EV market -sources
SHANGHAI (Reuters) - Juneyao Group, the parent of Chinese carrier Juneyao Airlines, plans to start making electric vehicles (EV), two people with knowledge of the matter said, as it seeks to diversify...
Syndicated Content Aug 23, 2022
Rouble steadies near 60 vs dollar, Yandex shares outperform market
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) - The Russian rouble firmed slightly on Tuesday after initially easing...
Syndicated Content Aug 23, 2022
VW aims to take stakes in Canadian mines, mine operators – Handelsblatt
BERLIN (Reuters) - Volkswagen aims to enter the mining business in Canada to ensure its raw material supply for battery production, a board member for the German carmaker told Handelsblatt daily. "We ...
Syndicated Content Aug 23, 2022
Euro zone business activity contracted for second straight month in Aug -flash PMI
LONDON (Reuters) - Business activity in the euro zone contracted for a second straight month in August as the cost of living crisis forced consumers to cut spending while supply constraints also hurt ...
Syndicated Content Aug 23, 2022
Founder of China’s Huawei urges focus on cash flow, survival in downturn – media
SHENZHEN, China (Reuters) - The founder of China's Huawei Technologies has told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow as the global economy e...
Syndicated Content Aug 23, 2022
U.S. embassy issues new security alert for Ukraine, urges U.S. citizens to leave
KYIV (Reuters) - The U.S. Embassy in Kyiv, warning of an increased possibility of Russian military strikes on Ukraine in the coming days around Ukrainian independence day, has again urged U.S. citizen...
Syndicated Content Aug 23, 2022
Russia’s VK drops Sberbank venture as part of Yandex tech deal
MOSCOW (Reuters) -Russian tech firm VK on Tuesday said it had exited its joint venture with top lender Sberbank, paving the way for a deal with competitor Yandex that may have significant ramification...
Syndicated Content Aug 23, 2022
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