-- Standard Chartered PLC (LON:STAN) suspended new offshore investments by its Chinese clients through a key regulatory program since last week, Reuters reported on Tuesday citing a statement from the lender. The Asia-focused bank told Reuters that it had suspended new investments under the Qualified Domestic Institutional Investor (QDII) programme for “commercial reasons.” The move comes...
-- Shares of Hong Kong-listed Chinese electric vehicle stocks rose on Tuesday, led chiefly by a sharp rally in Li Auto Inc (HK:2015) (NASDAQ:LI) after the firm clocked stronger-than-expected earnings in the fourth quarter. Shares of the EV maker jumped nearly 20% to HK$166.30- their highest level since August 2023. The stock was the top...
By Sophie Yu and Brenda Goh BEIJING (Reuters) - Chinese state-owned planemaker COMAC will conduct flying displays of its C919 and ARJ21 jets in five Southeast Asian countries, it said on Tuesday, as it looks to lay the groundwork for future international sales. Over the next two weeks, the C919 and ARJ21 jets will conduct...
-- Shares of Samsonite International SA (OTC:SMSEY) (HK:1910) rose sharply on Tuesday after a Bloomberg report said the Hong Kong-listed luggage maker is considering its options after receiving takeover interest from several suitors. Samsonite is considering several options, including potentially going private, Bloomberg reported, with the luggage maker having already held discussions with several suitors,...
By Gilles Guillaume and Nick Carey GENEVA (Reuters) -Renault and China-owned MG launched new electrified cars in Europe at the Geneva car show on Monday as Chinese automakers seek to take more market share from legacy European rivals. Europe\'s auto industry is scrambling to cut costs and roll out more affordable, well-reviewed electric vehicles (EVs)...
By David Shepardson and Chris Sanders WASHINGTON (Reuters) -The U.S. Federal Trade Commission and eight states said on Monday they are suing to block supermarket chain Kroger (NYSE:KR)\'s $24.6 billion deal to buy smaller rival Albertsons (NYSE:ACI), saying it would boost grocery prices for millions of Americans. The deal, which would create a grocery empire...
-- Japan’s Nikkei 225 index opened above its record closing high on Thursday, and remained within sight of new intraday peaks as hype over artificial intelligence drove strong gains in the technology sector. The Nikkei 225 opened up 1.8% at 38,920 points- crossing its 1989 record closing high of 38,915 points, and coming within spitting...
JERSEY CITY, N.J. - Veris Residential, Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT), has announced its financial results for the fourth quarter and full year of 2023. The company witnessed a 20% increase in Core Funds From Operations (FFO) per diluted share, reaching $0.53 compared to the previous year. This growth was...
Funeral services company Carriage Services (NYSE:CSV) reported Q4 FY2023 results topping analysts\' expectations, with revenue up 5.2% year on year to $98.8 million. The company expects the full year\'s revenue to be around $385 million, in line with analysts\' estimates. It made a GAAP profit of $0.75 per share, improving from its profit of $0.53...
By David Shepardson WASHINGTON (Reuters) -Boeing said on Wednesday it was replacing the head of its troubled 737 MAX program effective immediately, the first major executive departure since the Jan. 5 mid-air panel blowout of a new Alaska Airlines MAX 9. Ed Clark, who had been with the planemaker for nearly 18 years, departed as...