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January 24, 2022

Company News

CORRECTED-UPDATE 1-Tesla bounces back as electric car stocks rally

Reuters
By Noel Randewich, Anisha Sircar (In paragraph 5, corrects dollar amount to $1 billion, not $1) Nov 16 (Reuters) – Tesla’s stock rebounded from its recent selloff on Tuesday in a rally of electric vehicle makers a day after Chief Executive Elon Musk disclosed he sold another $930 million worth......

S.Korea stocks end flat ahead of key U.S. data

Reuters
* KOSPI falls, foreigners net buyers * Korean won weakens against U.S. dollar * South Korea benchmark bond yield rises * For the midday report, please click SEOUL, Nov 16 (Reuters) – Round-up of South Korean financial markets: ** South Korean shares ended flat on Tuesday, as optimism over U.S.-China......

Tesla shares slip after heavy week of losses

Reuters
Nov 15 (Reuters) – Tesla Inc’s shares slipped in premarket trading on Monday, adding to a heavy week of losses after CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric-car maker. Shares in the company, which lost some $187 billion in market value over the......

Stocks get reality check from earnings, central banks in focus

Reuters
TOKYO (Reuters) – Global stocks eased from record peaks as a stark reminder of supply chain snags in corporate earnings reports stalled their rally, while investors also looked to whether central banks may consider tightening monetary policy earlier than thought. FILE PHOTO: A man looks at a stock quotation board......

Advisers to Evergrande, bondholders take step toward debt talks – Bloomberg News

Reuters
FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song (Reuters) – Advisers representing China Evergrande Group and a group of its offshore bondholders have taken steps toward debt negotiations as the developer faces a cash......

EV truck maker Rivian plans in-house battery cell manufacturing

Reuters
FILE PHOTO: The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo/File Photo SAN FRANCISCO (Reuters) – Electric truck maker Rivian Automotive, which currently sources batteries from......

Marketmind: Final Quarter Blues | Reuters

Reuters
A look at the day ahead from Saikat Chatterjee. FILE PHOTO: Trucks park at the highway A2 parking near Warsaw, Poland, September 28, 2021. REUTERS/Kacper Pempel World stocks are set for their third biggest weekly drop this year as supply chain disruptions sweeping across the global economy raise the ugly......

Singapore IPO market’s prospects brighten but no quick fix in sight

Reuters
SINGAPORE (Reuters) – Singapore’s move to launch new funds to support startups will help companies seeking IPOs, though it could take years before Singapore Exchange might become a centre for regional tech listings, according to market players. FILE PHOTO: A man wearing a protective face mask walks past the Singapore......

China steps up tech scrutiny with rules over unfair competition, critical data

Reuters
SHANGHAI (Reuters) -China moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data. Beijing has been firming its grip on internet platforms in recent months, citing the risk of abusing market power to stifle competition, misuse......

Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) -Samsung Electronics Co Ltd on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic. FILE PHOTO:......

REFILE-Foxconn founder asks Taiwan to allow vaccine talks with Chinese firm

Reuters
(Corrects to delete extraneous word ‘agency’ in paragraph 6) TAIPEI, June 18 (Reuters) – Terry Gou, the billionaire founder of Taiwan’s Foxconn, asked for government permission on Friday to negotiate with a Chinese company for the purchase of BioNTech SE COVID-19 vaccines to help address the island’s shortage of shots.......

EXCLUSIVE-Biden’s electric vehicle plan includes battery recycling push

Reuters
By Trevor Hunnicutt, Ernest Scheyder June 4 (Reuters) – President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China......

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