On Wednesday, in a statement Hitachi Ltd said it will acquire GlobalLogic Inc, a U.S. software company, for $9.6 billion. The development sees the Japanese industrial conglomerate which has business interests ranging from digital services to electronics hardware, expand its… Read More ›
In a significant development on Wednesday, Britain’s financial regulator said, it will consult on changes on listing rules for Special Purpose Acquisition Companies (SPACs). Britain’s Financial Conduct Authority said, it will consider introducing a minimum market capitalization and a redemption… Read More ›
On Wednesday, German carmaker Daimler AG said, its revenues in 2021 have got off to a good start. This is despite a global shortage of semiconductors plaguing the automobile industry. Daimler now plans on speeding up the shift towards electric… Read More ›
On Wednesday, in a statement Britain’s Payment Systems Regulator said, Mastercard is among five companies which broke the law for cartel behavior; the regulator has alleged that these five companies including, Mastercard, allpay, APS, PFS and Sulion offered pre-paid cards… Read More ›
On Tuesday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA) said, it has fined Moody’s $4.35 million (3.7 million euros) for breaching rules which includes failure to disclose conflicts of interests. “All of the breaches resulted… Read More ›
Following a chip plant owned by Renesas Electronic Corp catching fire earlier this month, Japan asked a few Taiwanese manufacturers to cooperate in alternative production of semiconductors, said industry minister Hiroshi Kajiyama. “We are in communication with several manufacturing equipment… Read More ›
On Tuesday, in a statement South Korea’s SK Innovation Co Ltd said it is considering all options which includes pulling out of its battery business in the United States if U.S. President Joe Biden does not overturn a trade panel’s… Read More ›
On Tuesday, in a statement South Korea’s Hyundai Motor Co said, production at its Ulsan number one plant in South Korea would be suspended from April 7 to 14 due to supply issues with electrical components and a shortage of… Read More ›
The collapse of United States based investment firm Archegos Capital could lead to the global banks to more than $6 billion, according to reports quoting information from sources that are familiar with the trades involving the US firm. There is… Read More ›
After China imposed huge tariffs on Australian wine, the country has promised to “vigorously defend” its wine industry. This was said by the country’s minister for agriculture, drought and emergency management David Littleproud. China imposed import tariffs of as much… Read More ›
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