China Evergrande moves headquarters from Shenzhen to Guangzhou -report
Cash-strapped property firm China Evergrande Group (3333.HK) has left what has been its headquarters in the city of Shenzhen and relocated to nearby Guangzhou, Chinese media outlet The Paper reported on Monday, citing people familiar with the matter.
Investors want $2.5 bln in class action over Bayer’s Monsanto deal
FRANKFURT, Jan 3 (Reuters) – Investors are demanding around 2.2 billion euros ($2.5 billion) from Bayer (BAYGn.DE) as part of a possible class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto, law firm Tilp said on Monday. The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 […]
Exxon Q4 earnings poised to exceed pre-pandemic level -analysts
Exxon Mobil Corp’s (XOM.N) fourth quarter profit should top Wall Street’s consensus and surpass its pre-pandemic levels, lifted by better-than-expected earnings from oil and gas, analysts said.
Mercedes-Benz unveils 1,000 km-per-charge VISION EQXX prototype
Mercedes-Benz (DAIGn.DE) on Monday took the wraps off its battery-powered VISION EQXX prototype which it says will have a range of more than 1,000 kilometres (km) per charge, taking a big stride in its electric vehicle (EV) ambitions.
Analysis: U.S. retailers may pay the price for ‘extended’ holiday return season
Major U.S. retailers’ longer return policies, launched during the pandemic this year to lure consumers, could leave them facing much higher costs if shoppers bring back a record-setting $112 billion in gifts bought during the extended holiday shopping season.
Japan to unveil record $943 bln budget draft to ensure post-COVID recovery
Japan’s government is set to unveil its largest annual budget on Friday with $943 billion in spending for the fiscal year beginning next April, further straining the industrial world’s heaviest debt, a draft plan seen by Reuters showed.
Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake
Chinese gaming and social media company Tencent (0700.HK) will pay out a $16.4 billion dividend by distributing most of its JD.com (9618.HK) stake, weakening its ties to the e-commerce firm and raising questions about its plans for other holdings.
EXCLUSIVE Qatar targets $10 billion of investments in U.S. ports -sources
Qatar plans to invest at least $10 billion in U.S. ports and has approached international banks for financing help, three finance sources say, in an infrastructure spree that reflects the Gulf country’s deepening ties with Washington.
U.S. to be world’s biggest LNG exporter in 2022
The United States is set to become the world’s biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come.
Russian bank VTB to spend up to $338 mln on railcar leasing in 2022
China’s property sector debt turmoil is set to keep a lid on Asian high-yield corporate bond deals in the first half of next year after a string of defaults by real estate firms left global investors licking their wounds, bankers said.
