FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd, BMW's main Chinese partner, in deals that may cost it some US$7.2 billion and then take it private, two people with direct knowledge of the matter told Reuters.
South Korea's Kia Corp shares surged to their highest in over two decades on Wednesday after a local media report said the carmaker will sign a 4 trillion won (US$3.59 billion) deal with Apple Inc to build electric vehicles.
China's Lenovo Group, the world's biggest maker of personal computers, posted on Wednesday a bigger-than-expected 53per cent rise in third-quarter profit, helped by robust demand from people working from home as COVID-19 restrictions persisted.
India's Future Group will challenge a New Delhi court order that has blocked its US$3.4 billion retail assets sale on objections of business partner Amazon.com Inc, a source told Reuters on Wednesday.
U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in shares of GameStop Corp , silver and other stocks favored on social media.
Tencent Holdings Ltd on Wednesday named 37 companies it had blacklisted from future contracts and said it has fired more than 100 staff over embezzlement and bribery incidents.
U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in GameStop Corp and other stocks.
A dog-like robot named Spot, seen dancing in a viral video, can now not only bring your slippers, it can pick up dirty laundry, open doors and even plant flowers.
A group of 15 U.S. senators on Tuesday including Majority Leader Chuck Schumer and Republican John Cornyn urged the White House to work with Congress to address the global semiconductor shortage that is hampering auto manufacturing.
Amazon.com Inc on Tuesday beat estimates for holiday-quarter sales and said Jeff Bezos would move to the role of executive chair in the third quarter and be replaced by Amazon Web Services head Andy Jassy as chief executive officer.
