November 11, 20240 Comments

Bitcoin surges to record high on Trump bets By Reuters

SINGAPORE (Reuters) – soared to record high of over $81,000 on Monday (NASDAQ:) as Donald Trump’s victory in the U.S. presidential election along with pro-crypto candidates being voted to the Congress spurred expectations of a light-handed regulatory environment. Bitcoin, the world’s biggest and best-known cryptocurrency, has more than doubled from the year’s low of $38,505 it hit on Jan. 23. It was last at $80,829 in Asian hours having touched

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November 11, 20240 Comments

Toyota aims to ramp up China production in a strategy pivot, sources say By Reuters

By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development. The plan, which has not been previously reported, represents a strategic pivot by the world’s top selling automaker in the world’s largest

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November 11, 20240 Comments

China’s J-35A stealth fighter is ‘black box’ despite splashy debut By Reuters

By Gerry Doyle SINGAPORE (Reuters) – China’s much-anticipated J-35A stealth aircraft, centrepiece of this week’s Zhuhai air show, has been more than a decade in the making, but experts say little is known about its capabilities. The first public appearance of the land-based J-35A will take place on Tuesday, a day after the 75th anniversary of the founding of the People’s Liberation Army Air Force (PLAAF), and will include a

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November 10, 20240 Comments

Australia’s Novonix inks deal to supply synthetic graphite to Stellantis By Reuters

(Reuters) – Australian battery maker Novonix said on Monday (NASDAQ:) it had signed a binding off-take agreement with automaker Stellantis (NYSE:) to supply high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee,

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November 10, 20240 Comments

Sweden picks Embraer’s C-390 as new military cargo aircraft By Reuters

RIO DE JANEIRO (Reuters) – Sweden has selected Embraer’s C-390 Millennium as the country’s new military cargo aircraft, the Brazilian planemaker said on Saturday. The deal marks the first purchase of the C-390 by a country in northern Europe, Embraer said in a statement. Expanding its presence abroad with more sales of the C-390 has been a key goal of Embraer’s defense unit. Sweden is the sixth European nation to

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November 9, 20240 Comments

UMG says Pershing does not have right to require Amsterdam delisting By Reuters

(Reuters) -Universal Music Group (UMG (AS:)) said on Saturday that billionaire Bill Ackman’s Pershing Square has no right to require the record label to become a U.S.-domiciled company or delist from Euronext (EPA:) Amsterdam. Ackman had said in a post on X on Friday he would seek to delist investment firm Pershing Square, which holds a stake of around 10% in UMG according to LSEG data, and move the record

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November 9, 20240 Comments

Exclusive-Toyota aims to ramp up China production in a strategy pivot, sources say By Reuters

By Maki Shiraki TOKYO (Reuters) – Toyota aims to make at least 2.5 million vehicles a year in China by 2030, three people said, an overhaul that will see it bring its Chinese sales and production operations closer together and allow local executives a freer hand in development, The plan, which has not been previously reported, represents a strategic pivot by the world’s top selling automaker in the world’s largest

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November 9, 20240 Comments

Trump Media shares jump after Trump says he won’t sell By Reuters

By Caroline Valetkevitch and Susan Heavey NEW YORK/WASHINGTON (Reuters) -Shares of Trump Media & Technology Group gained on Friday after U.S. President-elect Donald Trump said he had no intention of selling his shares in the company, which owns his Truth Social media platform. In a post on Truth Social, Trump rejected what he described as rumors that he was planning to sell shares a day after the stock slumped. “There

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November 9, 20240 Comments

Wall Street drafts Trump wish lists over bank capital, SEC regulation By Reuters

By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists to hand to Trump’s transition team, according to four industry sources who asked not to be identified.  That follows weeks of

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November 9, 20240 Comments

Exclusive-Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say By Reuters

By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s biggest lender DBS Group Holdings Ltd (OTC:) is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek’s 29.1% stake in Alliance Bank Malaysia Bhd, said the two sources with knowledge of the matter, a

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