(Changes headline, lead and paragraphs 2, 8 and 9 to show plan is for production of electric motorcycles, not motorcycle batteries) MANILA (Reuters) – China’s Yadea Group Holdings, one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in an e-motorcycle factory in the Philippines, the country’s investment promotions agency…
KYIV (Reuters) -Overnight Russian missile attacks killed three people in the Black Sea city of Odesa and three in the Donetsk region of eastern Ukraine, Ukrainian officials said on Wednesday. The three killed in Odesa were in a retail chain warehouse that was set ablaze during an attack that damaged a business centre, an educational…
By Joseph White DETROIT (Reuters) – The venture capital arm of automaker Stellantis said on Thursday it will invest about 100 million euros ($108.3 million) in automotive and battery technology startups and a mobility venture fund. Stellantis Ventures, created last year with 300 million euros of initial capital, will put money in ten startups ranging…
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. A day after the Federal Reserve took markets by surprise with a hawkish message, it’s the European Central Bank’s turn in the hot seat. Short-dated government bond yields in the United States and Europe are heading back up and bullish stock…
By Lucy Raitano LONDON (Reuters) – Investors are turning their attention back to European small and mid-cap stocks as low valuations spark long-term interest even as the immediate economic outlook remains gloomy. Europe’s smaller companies have seen relative valuations sink as concerns about an economic slowdown have favoured defensives over cyclicals, while banking turmoil stoked…
By Luc Cohen NEW YORK (Reuters) -U.S. prosecutors on Wednesday asked a judge to hold a separate trial for Sam Bankman-Fried, the indicted founder of now-bankrupt cryptocurrency exchange FTX, who faces new charges of foreign bribery, bank fraud and conspiracy. Prosecutors added those charges this year, after Bankman-Fried’s December 2022 extradition from the Bahamas in…
Siemens’ 2 billion-euro ($2.17 billion) investment plan, announced on Thursday, is more than double the company’s cumulative investment spending over the past two years and will create over a thousand jobs, CEO Roland Busch told Reuters. The head of the German engineering giant, which said it will build new factories, research and development centers and…
SYDNEY (Reuters) – Papua New Guinea’s parliament has begun debating a defence deal with the United States, with Prime Minister James Marape acknowledging the concerns of some students and unions ahead of a vote to ratify it in August. The defence agreement will allow U.S. forces to refurbish and develop infrastructure for military and civilian…
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday he would not dissolve parliament in the coming days, following weeks of speculation that he might do so to call a snap election in the hopes of solidifying his power within the ruling party. Talk of a dissolution surfaced a few weeks ago as…
By Renju Jose SYDNEY (Reuters) -Australia said on Thursday it would introduce legislation to parliament to cancel Russia’s lease to build a new embassy in the national capital of Canberra, citing national security. The move follows the conclusion of a long-running litigation regarding the leased site after the federal court ruled last month that an…
