ROME (Reuters) -Automotive Cells Company (ACC), a joint venture between Stellantis , Mercedes-Benz and TotalEnergies, said on Wednesday it plans to build a battery plant in Italy. ACC will convert an existing Stellantis plant in Termoli, in southern Italy, into a battery facility as agreed in a March 21 memorandum of understanding with Italian authorities….
NEW YORK (AP) — When Alexei Navalny was arrested in January 2021, tens of thousands of Russians filled the streets in protest, demanding that the top Kremlin critic be released and chanting slogans against President Vladimir Putin. Thousands were arrested. In the months since then, Navalny was given 2½ years in prison. His organization, close…
ROME (Reuters) – Automotive Cells Company (ACC), a joint venture Stellantis has with Mercedes-Benz and TotalEenergies, said on Wednesday it plans to invest in Italy to build a battery plant. ACC said it would add to its facilities in France and in Germany a third production site in Termoli, in southern Italy, as agreed in…
Stocks slipped Thursday in Asia following a retreat on Wall Street as crude oil prices rose sharply. Tokyo, Hong Kong and Shanghai were lower while Sydney edged higher. U.S. futures rose and U.S. benchmark crude oil was trading near $116 per barrel. After a rally last week, markets have been up and down this week…
SYDNEY/TOKYO (Reuters) – Hong Kong-based activist fund Oasis Management has voted in favour of a shareholder proposal demanding Toshiba Corp solicit buyout offers from private equity firms, a source with direct knowledge told Reuters on Wednesday. Oasis joined a chorus of other hedge fund investors who have opposed the Japanese conglomerate’s plan to break itself…
By Asha Sistla (Reuters) – Gold prices held steady on Wednesday as worries over the Ukraine crisis supported demand for the safe-haven metal, although calls from U.S. Federal Reserve officials for sharper interest rate hikes to combat inflation weighed on market sentiment. Spot gold was little changed at $1,920.84 per ounce by 0558 GMT. U.S….
SINGAPORE (Reuters) -Singapore’s February headline prices rose by their fastest pace in nine years due to higher private transport costs, while core prices eased for the first time since June last year, official data showed on Wednesday. Headline inflation rose by 4.3%, exceeding economists’ median forecast of 4.2%, according to a statement from the Monetary…
By Raphael Satter WASHINGTON (Reuters) – Hundreds of customers of digital authentication firm Okta Inc have possibly been affected by a security breach caused by a hacking group known as Lapsus$, the company said on Tuesday. The breach has sparked concern since the cyber extortion gang posted what appeared to be internal screenshots from within…
SHANGHAI (Reuters) – China’s Geely Automobile Holdings Ltd said on Wednesday its 2021 net profit fell 12%, as auto sales in the world’s biggest market were hit by the coronavirus pandemic and chip shortages. Geely Automobile, the world’s highest-profile Chinese automaker, thanks to investments in Volvo Cars and Daimler AG, posted 2021 profit of 4.85…
By Clare Jim HONG KONG (Reuters) -Cash-strapped Kaisa Group Holdings Ltd has joined a growing list of Chinese property developers unable to publish 2021 audited earnings by March 31 as required by listing rules, deepening market concern about the sector’s financial health. Kaisa late on Tuesday said a virus lockdown in Shenzhen left audit work…
