PARIS (Reuters) – French carmaker Renault said on Tuesday that it had signed a cooperation agreement with propulsion systems and electronics developper PUNCH Torino on the Renault 4-cylinder diesel engines for light commercial vehicles. Under the terms of the agreement, PUNCH Torino will be able to purchase, use and sell the current and future Renault…
BENGALURU (Reuters) – Private-equity firm Carlyle Group said on Tuesday it acquired a majority stake in Indian beauty care and wellness solutions provider VLCC. The equity for the transaction will come from funds managed and advised by entities affiliated with Carlyle Asia Partners, Carlyle said in a statement, without disclosing any financial terms. VLCC founders…
A look at the day ahead in European and global markets from Anshuman Daga: The strong start to equity markets this year has got bulls excited but markets know it’s better to be well behaved before Federal Reserve Chair Jerome Powell speaks. Asian stocks edged lower on Tuesday after recent gains even as Asian tourism-focused…
By Minwoo Park, Chris Gallagher and Jiraporn Kuhakan SEOUL/TOKYO/BANGKOK (Reuters) – South Korean and Japanese shop owners, Thai tour bus operators and K-pop groups are among those celebrating China’s border reopening as businesses around Asia rekindle ties with the region’s largest economy. China was the world’s largest outbound tourism market before the pandemic, and the…
(Reuters) -Beverage giants Coca-Cola Co and PepsiCo Inc are under preliminary investigation by the U.S. Federal Trade Commission (FTC) over potential price discrimination in the soft drink market, Politico reported on Monday citing sources. The pricing strategies of both companies are being scrutinized under the Robinson-Patman Act, the report said. The U.S. antitrust law prevents…
By Arathy Somasekhar (Reuters) – Oil prices were little changed on Tuesday, giving up some of the gains from the previous session, as traders awaited clarity on the Federal Reserve’s plans for rate hikes to gauge the impact on the economy and fuel demand. Fed policymakers say fresh inflation data out later this week will…
(Reuters) – Beverage giants Coca-Cola Co and PepsiCo Inc are under preliminary investigation by the Federal Trade Commission (FTC) over potential price discrimination in the soft drink market, Politico reported on Monday citing sources. (Reporting by Shivani Tanna in Bengaluru; Editing by Sherry Jacob-Phillips)
By David Shepardson WASHINGTON (Reuters) -New Jersey and Ohio said on Monday they were joining other states in banning use of the popular video app TikTok on government-owned and managed devices. New Jersey Governor Phil Murphy, a Democrat, said in addition to banning the short-video app owned by Chinese technology conglomerate ByteDance from state devices…
By Shadia Nasralla LONDON (Reuters) -Capricorn Energy said on Monday it was ready to add “a number” of people put forward by activist investor Palliser to its board while it pursues a merger with Israel’s NewMed that some of its shareholders oppose. Palliser, which is Capricorn’s third-biggest shareholder and has spoken out against the proposed…
SHANGHAI (Reuters) – Prospective Tesla Inc buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker’s decision to cut prices is stoking demand in its second-largest market. Tesla cut prices by 6% to 13.5% on Friday, bringing some of its auto prices to near BYD’s best-selling models…
