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Exclusive: Chinese battery firm halts purchases of cobalt from Glencore - sources
Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said......»»
Starbucks" China rival Luckin Coffee taps three banks for U.S. IPO: sources
Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019, said people with direct knowledge of the matter......»»
: Watch out Uber and Just Eat, Delivery Hero has its sights on the lucrative German market
Delivery Hero on Wednesday announced plans to re-enter its home market of Germany next month, less than two years after it sold its operations in the country to Dutch rival Just Eat Takeaway......»»
UMC eyeing long-term contracts with major clients
Pure-play foundry United Microelectronics (UMC) is striving to get its major clients including Samsung Electronics, MediaTek and Qualcomm to enter into 3-year supply agreements, according to industry sources......»»
Officials found an unaccompanied 4-year-old boy walking toward the US border, as Biden faces a surge in migrant children trying to enter
Mexico's National Migration Institute said the boy, from Hondur.....»»
A New Rival To Tesla And Nio? This Lesser-Known Chinese EV Stock Has Surged 924% In A Year
Tesla Inc (NASDAQ: TSLA) and challengers Nio Inc (NYSE: NIO) and Xpeng Inc (NYSE: XPEV) have to contend with the emergence of a new pot read more.....»»
Emerging Boeing rival COMAC vows to deliver its first C919 jet by year"s end
The Chinese government said it would deliver the new jet amid reports that the country's three big airlines deferred deliveries on 111 Boeing and Airbus airplanes last year, but continued deliveries from its own jet maker......»»
TikTok rival Kuaishou aims to raise $5.4 billion in what could be the biggest tech IPO since Uber
The IPO could value Chinese livestreaming and short video app Kuaishou, a TikTok rival, at up to $60 billion. Kuaishou competes with ByteDance's TikTok Reuters/Florence Lo/Illu.....»»
Exclusive: Nissan shakes off virus woes in China sales with rebound in April - sources
Nissan Motor Co's vehicle sales in China this month almost recovered to the prior year's level after a coronavirus-related 45% plunge in March, two sources with knowledge of the Japanese automaker's preliminary data said......»»
Exclusive: India plans to fast track Chinese investments after policy change - sources
India plans to fast track the review of some investment proposals from neigbouring countries such as China following concerns new screening rules could hit plans of companies and investors, three sources told Reuters on Saturday......»»
Exclusive: Facebook agreed to censor posts after Vietnam slowed traffic - sources
Facebook's local servers in Vietnam were taken offline early this year, slowing local traffic to a crawl until it agreed to significantly increase the censorship of "anti-state" posts for local users, two sources at the company told Reuters on Tuesday......»»
China probes alleged fraud at Luckin Coffee, banks review IPO work
China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing......»»
Exclusive: Germany ready to nationalise airline Condor - sources
The German government stands ready to take over Condor as a deal for the airline to be bought by Polish rival LOT is likely to collapse in the industry turmoil caused by the coronavirus crisis, several people familiar with the matter told Reuters......»»
Exclusive: France to allow some Huawei gear in its 5G network - sources
France will authorize the use of some of Huawei's equipment in the rollout of its 5G network, two sources close to the matter told Reuters, despite U.S. calls to exclude the Chinese telecoms giant from the West's next-generation communications......»»
Sources: Blackstone in talks to take developer SOHO China private in $4 billion deal
Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market and which sent the target's shares to a 21-month high......»»
Exclusive: Blackstone in talks to take developer SOHO China private in $4 billion deal - sources
U.S. private equity firm Blackstone Group Inc is in exclusive talks to take SOHO China Ltd private in a $4 billion deal, said two sources, in one of its biggest bets yet on the Chinese market......»»
Exclusive: U.S., Canada, European nations meet to discuss concern over Mexico energy policy
The United States, the European Union, Canada and six European nations have held joint talks on concerns over Mexico's energy policy, sources told Reuters, as President Andres Manuel Lopez Obrador pushes for a bigger role for the state in the sector......»»
Exclusive: Tencent-backed WeDoctor invites banks to lead $1 billion Hong Kong IPO, sources say
WeDoctor will push ahead with a Hong Kong listing and invite pitches from investments banks next week to lead an IPO valuing the Chinese healthcare platform at up to $10 billion, two sources with direct knowledge of the matter said......»»
Exclusive: UBS CEO Ermotti poised to get Swiss Re chairman role - sources
UBS Group Chief Executive Sergio Ermotti is poised to become chairman of Swiss Re next year after leaving the helm of Switzerland's biggest bank, three people familiar with the matter told Reuters......»»
Coronavirus fears prompt Chinese ride-hailing app DiDi to install protective sheets in vehicles and give masks to drivers
Simon Song Chinese rideshare company DiDi Chuxing is installing protective sheets in vehicles to protect against the spread of the novel coronavirus, COVID-19. The out.....»»