On Tuesday, Chinese electric vehicle maker Xpeng Inc said, it has secured a $2 billion (12.8 billion yuan) credit line from five Chinese banks for expanding its manufacturing and sales. New York-listed Xpeng, which has a market value of $35… Read More ›
On Thursday, in a significant development, Chinese President Xi Jinping stated, Beijing will reduce its tariffs and expand imports of high-quality goods and services; he also vowed to push reforms and promote an innovation-driven growth model. The development comes in… Read More ›
On Tuesday, in a statement Starbucks Corp said, it will add plant-based food and beverages to its menus across Asia starting from September 2020; this will include products from Beyond Meat Inc, Impossible Foods, and Oatly. The move is aimed… Read More ›
On Monday, in a statement, Citadel, a Chicago-based hedge fund and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, said, it will open a new office in Singapore. Both businesses, which have offices across… Read More ›
On Tuesday, British broadband supplier TalkTalk stated, it has agreed to sell its fiber network to CityFibre for $260 million (200 million pounds). TalkTalk said it had agreed to a wholesale agreement with Goldman Sachs-backed CityFibre for its residential and… Read More ›
In a statement, Luckin Coffee Inc founder and CEO Qian Zhiya stated, it is in the process of expanding its business into vending machines that sell freshly brewed hot beverages and snacks, as it seeks to corner even more of… Read More ›
Cost escalations by 25% would push up the total cost of the expansion to $45.2 billion, an unacceptable figure for Kazakhstan. On Wednesday, Kazakhstan’s Energy Minister Kanat Bozumbayev stated, the cost escalation in the expansion of the Tengiz oilfield project… Read More ›
The potential deal values Tiffany at about $120 per share as against its Friday’s closing price of $98.55. According to sources familiar with the matter at hand, LVMH, the owner of Louis Vuitton, has offered to acquire Tiffany & Co,… Read More ›
With an increase in wealth in Greater China, there is a significant rise in the number of clients wanting family office services. Credit Suisse aims to tap this emerging market. In a move aimed at increasing its services among wealthy… Read More ›
PG&E is facing crushing liabilities following deadly wildfires in 2017 and 2018 which killed dozens of people and destroyed thousands of homes. In a development that resolves a months long battle with activist shareholder BlueMountain Capital Management LLC, California utility… Read More ›
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