Beijing Grants Baidu, Pony.ai New Driverless Robotaxi Permits
BEIJING/SHANGHAI (Reuters) -Baidu and Pony.Ai said on Thursday they had received permits to deploy robotaxis without humans in the driving…
April 2022
Moving Against Global Tide, BOJ Keeps Ultra-low Rates, Dovish Guidance
By Leika Kihara TOKYO (Reuters) -The Bank of Japan on Thursday maintained its massive stimulus programme and a pledge to…
Earnings Help Stocks But Dollar Bulls Show Nerves
By Tom Westbrook SINGAPORE (Reuters) – Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis…
Temasek-backed Oil Rig Builders Agree $6.3 Billion Merger Amid Sector Downturn
By Anshuman Daga SINGAPORE (Reuters) -Singapore’s Sembcorp Marine (Sembmarine) has agreed to a S$8.7 billion ($6.29 billion) merger with Keppel…
NetEase’s Cloud Music Sues Tencent Music, Claims Unfair Competition
HONG KONG/BEIJING (Reuters) -NetEase’s Cloud Music unit has sued Tencent Music Entertainment (TME), accusing it of unfair competition and plagiarising…
China Smartphone Sales Drop 14% Year-on-year In Q1 – Counterpoint Research
SHENZHEN, China (Reuters) – Smartphone sales in China fell 14% year-on-year in the first quarter to 74.2 million units, with…
Samsung Elec Sees Component Shortages Persisting In H2, Solid Server Chip Demand
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on…
Global Growth To Slow As Inflation Bites – Reuters Poll
By Hari Kishan and Jonathan Cable BENGALURU (Reuters) – The global economy will expand more slowly than predicted three months…
Fortescue Raises Annual Iron Ore Shipments Forecast On Eliwana Boost
(Reuters) – Fortescue Metals Group raised its full-year iron ore shipments forecast on Thursday, as the company ramps up output…
Archegos Founder Hwang Released On Bail After Arrest On Fraud, Racketeering Charges
By Jody Godoy (Reuters) -Archegos Capital Management founder Bill Hwang on Wednesday was released on bail after pleading not guilty…