Chinese electric vehicle maker Xpeng Inc said on Tuesday it has secured a credit line of 12.8 billion yuan (US$2 billion) from five Chinese banks to expand manufacturing and sales.
PayPal Holdings Inc said on Monday it has blocked the Christian crowdfunding site GiveSendGo after it helped raise funds for people who attended last week's event in Washington when supporters of President Donald Trump stormed the Capitol.
U.S. private equity firm Silver Lake is in advanced talks to acquire a minority stake in the commercial activities of New Zealand Rugby, home of the world-renowned All Blacks team, a source with knowledge of the negotiations told Reuters.
SINGAPORE: Singapore Exchange's regulatory unit will improve requirements on auditors and valuers in their dealings with listed companies, and standards on valuation reports, such as introducing a regulatory regime for conduct of auditors. In a statement released on Tuesday (Jan 12), Singapore ...
Asian stocks were mostly lower on Tuesday, tracking Wall Street declines as political turmoil in Washington and rising coronavirus cases worldwide weighed on sentiment ahead of the start of the quarterly earnings season.
Ford Motor Co said on Monday it will close its three plants in Brazil this year and take pretax charges of about US$4.1 billion as the COVID-19 pandemic amplified the company's under use of its manufacturing capacity.
Pilgrim's Pride Corp and Tyson Foods Inc said on Monday they have settled price-fixing litigation by a group of poultry buyers that accused them of violating U.S. antitrust law by conspiring to inflate chicken prices.
The dollar edged higher across the board on Monday, extending a rebound from the near three-year low hit last week, taking strength from the recent spike in Treasury yields and the prospect of a growth boost from higher U.S. fiscal stimulus.
Monte dei Paschi di Siena said it would grant access to confidential data to potential merger partners selected by its advisers, as Italy presses ahead with plans to cut its stake in the state-owned bank.
New models will help electric vehicle sales in China zoom this year, after tepid business in a virus-riddled 2020, and analysts predict Tesla's Model Y pricing will emerge as a major disruptor in the world's biggest car market.
