Evergrande winding-up lawsuit in Hong Kong adjourned to Nov 7
Hong Kong’s High Court approved on Monday an application by China Evergrande Group (3333.HK) and its major offshore credit group to adjourn a winding-up petition against it to Nov. 7.
EU gas price rockets higher after Russia halts Nord Stream flows
European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to Europe would stay shut indefinitely, stoking renewed fears about shortages and gas rationing in the European Union this winter.
Meta, Qualcomm sign pact on custom virtual reality chips
Meta Platforms Inc (META.O) signed an agreement to have chip-maker Qualcomm Inc (QCOM.O) produce custom chipsets for its Quest virtual reality (VR) devices, the companies announced at a consumer electronics conference in Berlin on Friday.
EXCLUSIVE Hollysys management to lead take-private deal at $1.8 bln valuation -sources
A consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion, people with knowledge of the matter said.
Exclusive: Shell’s CEO van Beurden prepares to step down next year -sources
Shell (SHEL.L) has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the giant energy firm, two company sources told Reuters.
Bank of Canada expected to push interest rates into restrictive territory
The Bank of Canada is widely expected to deliver yet another oversized interest rate hike next week, lifting its policy rate into restrictive territory for the first time in two decades, but bets are split on whether or not a pause will follow.
U.S. officials order Nvidia to halt sales of top AI chips to China
Chip designer Nvidia Corp (NVDA.O) said on Wednesday that U.S. officials told it to stop exporting two top computing chips for artificial intelligence work to China, a move that could cripple Chinese firms’ ability to carry out advanced work like image recognition and hamper Nvidia’s business in the country.
Analysis: U.S., China audit agreement not yet a done deal, lawyers warn
There was much relief for investors in U.S.-listed Chinese firms after Beijing and Washington struck a long-pending audit deal, but legal experts and China watchers warn the two sides could still clash over how the accord is interpreted and implemented.
Gap posts surprise profit on Banana Republic boost; withdraws forecasts
Gap Inc (GPS.N) reported a surprise quarterly profit on Thursday on demand for dressier clothes at its Banana Republic brand, while an inventory glut and weak sales of outdated clothes prompted it to withdraw annual forecasts.
Oil rises on prospect of OPEC+ supply cut
Oil rose on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.
