Japan's Renesas Electronics Corp will issue 167 million new shares to raise 218.5 billion yen (US$1.99 billion), the major supplier of automotive semiconductors said on Friday, aimed in part at helping to fund its acquisition of Dialog Semiconductor.
Swedish "buy now, pay later" company Klarna on Friday reported a jump in transactions using its platform for the January-March quarter, helped mainly by growth in the United States.
Malaysia's palm oil giant FGV Holdings reported a first quarter net loss on Friday, warning of continuing challenges due to the COVID-19 pandemic though it forecast that crude palm oil prices would remain high.
HONG KONG: China's Full Truck Alliance: which styles itself as the country's 'Uber for Trucks': has made public filings to list on the New York Stock Exchange and aims to raise up to US$1.5 billion, sources with direct knowledge of the matter said. At that amount it would be...
South Korea's Hyundai Motor Co is in talks with the Chinese government to sell one of its factory sites in Beijing, news agency Yonhap reported on Friday, citing unnamed sources.
Tata Sons has acquired a majority stake in Alibaba-backed online grocery seller BigBasket, a unit of the Indian conglomerate said on Friday.
Thai Airways International Pcl said that a court will decide on its restructuring proposal on June 15, after Friday's hearing was postponed to allow for the assessment of complaints filed by creditors against the plan.
U.S. energy companies are scrambling to buy more cyber insurance after this month's attack on Colonial Pipeline disrupted the U.S. fuel supply, but they can expect to pay more as cyber insurers plan to hike rates following a slew of ransomware attacks.
China's factory activity likely maintained a steady growth momentum in May after months of expansion following a COVID-induced slump, although high raw materials costs continue to weigh on the outlook.
JAKARTA: Indonesia's government intends to propose a "sunset policy" to encourage the declaration of unreported assets, similar to its previous tax amnesty programme but with much higher penalty rates, newspaper Bisnis Indonesia reported on Friday. The policy will target undeclared assets ...
