Hyundai raises EV investment to $28 billion, to reduce China operations
By Hyunsu Yim and Heekyong Yang SEOUL (Reuters) -Hyundai Motor will raise average annual investment in electrification by nearly two-thirds,…
Business
Canada financial regulator lifts stability buffer for big six banks
By Nivedita Balu and David Ljunggren TORONTO (Reuters) -Canada’s financial regulator on Tuesday said it was raising the amount of…
Italian yacht maker Ferretti’s shares admitted to Euronext Milan
ROME (Reuters) – Italy’s Chinese-owned luxury yacht maker Ferretti said on Tuesday its shares have been admitted to Borsa Italiana’s…
Volkswagen in talks with JV partner on audit of Xinjiang plant
(Reuters) -Volkswagen is in talks with its joint venture partner SAIC about whether to conduct an independent audit of its…
Commerzbank executive drops out of running for board after talks with ECB
FRANKFURT (Reuters) – Ruediger Rass, an executive with Germany’s Commerzbank, has decided to remain in his current role rather than…
Common Framework, familiar problems: hopes of debt breakthrough fade
(Repeats fixing typo in last quote) By Libby George LONDON (Reuters) – Cautious optimism in the developing world that wealthier…
Singapore’s Grab cuts 1,000 jobs to stay competitive
By Xinghui Kok SINGAPORE (Reuters) – Singapore-based Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is cutting 1,000…
Goldman Sachs Asset Management head of healthcare investing to leave
By Saeed Azhar NEW YORK (Reuters) -The head of healthcare investing at Goldman Sachs Asset Management, Jo Natauri, will leave…
Pirelli CEO-designate Giorgio Bruno to leave the company
ROME (Reuters) – Giorgio Bruno, who was the designated new CEO of Italian tyremaker Pirelli, is leaving the company, shareholder…
Newmont postpones Peru mine investment decision by two more years
(Reuters) – Newmont said on Tuesday it would defer making an investment decision about its Yanacocha Sulfides expansion project in…