Chinese tech firms ‘self-correct’ to get ahead of potential regulatory fury
Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming.
Analysis: Shoots of greenflation spring new challenges on portfolio managers
From container ships to cardboard, tighter environmental regulations are stoking shortages and price spikes as ‘greenflation’ takes a grip, adding a new twist to corporate valuations.
EXCLUSIVE Great Wall Motor to shift some India investment to Brazil after approval delays -sources
Great Wall Motor (601633.SS) has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters.
Exclusive: IKEA’s malls arm branches out into housing with new centre in China
IKEA’s shopping malls business, one of the world’s biggest, has kicked off the sales process for some 500 flats at its first-ever mixed-use retail and residential development, in Changsha in southern China.
Dutch bank ABN Amro resumes dividend payments as Q2 net profit beats
Dutch bank ABN Amro (ABNd.AS) said on Wednesday it would resume dividend payments as an economic recovery in the Netherlands had helped a stronger-than-expected bounce in net profit.
Exclusive: Exxon launches U.S. shale gas sale to kick-start stalled divestitures
Exxon Mobil Corp (XOM.N) has begun marketing U.S. shale gas properties as it ramps up a long-stalled program that aims to raise billions of dollars to shed unwanted assets and reduce debt taken on last year.
Oil drops below $70 as U.S. urges OPEC+ to pump more
Oil fell below $70 a barrel on Wednesday as the United States urged OPEC and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery.
Pfizer shares hit record high with COVID-19 vaccine stocks on a tear
Shares of Pfizer Inc (PFE.N) hit a record high on Tuesday for the first time in more than 20 years as shares of COVID-19 vaccine makers have surged amid rising coronavirus cases in the United States.
U.S. House bill would give tax credit for rare earth magnets
A Democrat in the U.S. House of Representatives introduced legislation on Tuesday extending tax credits to companies that domestically produce rare earth magnets, a sector currently dominated by China.
Citigroup to require vaccines for staffers returning to main U.S. offices
Citigroup Inc (C.N) will require U.S. employees returning to its New York headquarters and offices in some cities to be vaccinated against COVID-19, the bank’s head of human resources, Sara Wechter, said in a LinkedIn post on Tuesday.
