Sources
China’s Midea Group to launch at least US$3 billion share offering in Hong Kong: sources
CHINESE home appliance maker Midea Group plans to launch a share offering in Hong Kong to raise at least US$3 billion as early as Sep 9, said two sources,...
Airbus, Rolls-Royce to break silence to airlines on Cathay Pacific A350 engine incident: sources
AIRBUS and Rolls-Royce are preparing to brief airlines on the fallout from an engine emergency that prompted Cathay Pacific to review its fleet of A350s as pressure from airlines...
UK banks brace for possible tax hikes as Budget nears, sources say
UK-based banks are stepping up lobbying efforts against possible tax hikes in the government’s inaugural Budget on Oct 30, amid mounting worries it may tap the cash-rich sector to...
Tesla plans six-seat Model Y, production slated for 2025 in China, sources say
TESLA plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said, as the US...
China’s Sinochem plans to exit US shale JV with Exxon: sources
CHINESE state-backed oil and chemicals company Sinochem is planning to sell its 40 per cent stake in a US shale joint venture (JV) with oil major ExxonMobil, valued upwards...
Opec+ likely to proceed with planned output hike from October, sources say
The loss of Libyan output tightens the market and hopes build that the US Federal Reserve will cut interest rates in mid-SeptemberOpec+ is set to proceed with a planned...
Shell plans wide cuts in oil exploration division, sources say
Shell plans to scale back its oil and gas exploration and development workforce by 20 per cent as CEO Wael Sawan widens his cost-saving drive to the highly profitable...
China’s Didi in talks to sell smart auto assets to state-backed NavInfo’s unit: sources
CHINA’S Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hailer focuses on its core...
