Leadership
China hot pot chain plans US expansion to escape slump at home
CHINESE hot pot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the United States, working to draw new customers...
Germany lines up with Spain against EU tariffs on Chinese EVs
GERMAN Chancellor Olaf Scholz joined Spanish Prime Minister Pedro Sanchez in calling for the European Union to drop its plan to impose extra tariffs on Chinese-made electric vehicles (EVs),...
Commerzbank preps defence for possible uniCredit takeover
COMMERZBANK’s executive board is reviewing its defence strategy as it prepares for a potential takeover approach by UniCredit.The German bank, which was surprised by UniCredit’s disclosure of a 9...
US banks extend fall as investors assess executives’ sobering forecasts
US BANK stocks fell in early trading on Wednesday (Sep 11), extending declines sparked by warnings of a slower-than-anticipated recovery in investment banking and an expected hit to interest...
Food Empire to invest US$80 million in new coffee manufacturing facility in Vietnam
The move is part of the group’s diversification strategy to grow its ingredients businessFOOD and beverage company Food Empire is investing US$80 million in a new freeze-dried soluble coffee...
GIC, Hillhouse in talks to invest in Midea’s Hong Kong IPO, sources say
State investor Temasek is among the company’s potential stockholders as it holds discussions to buy shares SINGAPORE sovereign wealth fund GIC and alternative asset manager Hillhouse Investment are considering...
China’s CATL says plans to adjust lithium production in Jiangxi
CHINESE battery giant CATL plans to adjust its lithium production in the southern province of Jiangxi, the company said on Wednesday (Sep 11).
A slump of prices of the metal...
Zara owner Inditex sees early autumn sales perk up after summer slowdown
ZARA owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday (Sep 11), boosting its share price as the world’s largest listed fashion retailer recovered from...
