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Vietnam EV maker VinFast says it will undergo corporate restructuring
HANOI, May 13 (Reuters) - VinFast VFS.O is planning to sell its Vietnam manufacturing facilities to a buyer group that includes its founder and chief executive Pham Nhat Vuong, with the loss-making electric vehicle maker aiming to restructure its local operations into a more "asset-light" mo...Reuters
8 hours ago
Italy's Panetta to chair central bank group BIS' Board of Directors
By Marc Jones May 12 (Reuters) - Italy's central bank chief Fabio Panetta is to take over as chair of the Bank for International Settlements' Board of Directors, the central bank umbrella group said on Tuesday.Panetta, who will serve a three-year term starting on June 3, is replacing Fran...Reuters
8 hours ago
UK's Gamma Communications says Providence among parties in talks for potential takeover
May 13 (Reuters) - British telecom firm Gamma Communications GAMA.L said on Wednesday that private equity firm Providence Equity Partners is among the parties in discussions with the company for a potential takeover.The company’s stock rose as much as 5% to 939 pence to be among the top gainers on t...Reuters
8 hours ago
Rights groups urge Poland to halt support for US deportation flights to Ukraine
Amnesty and Human Rights First say more than 50 people deported to Ukraine via PolandRights groups say ICE deportation flights took place in November, March and AprilPoland says deportations are 'internal matter' between US and UkraineBy Alexander ChitucMay 13 (Reuters) - Amnesty Internation...Reuters
8 hours ago
Nissan CEO Espinosa: See Impact Of Around 19,000 Vehicles In First Half Of Current Fiscal Year From Middle East Situation
May 13 (Reuters) - Nissan Motor Co., Ltd 7201.T:NISSAN: FREE CASH FLOW IN AUTOMOTIVE BUSINESS FOR FULL FY2025/26 WAS -480.8 BILLION YEN BUT THAT IN SECOND HALF WAS +112 BILLION YENNISSAN CFO LEONDIS: CLEARLY FY2025/26 NET LOSS OF 533 BILLION YEN INCLUDED A LARGE AMOUNT OF EXTRAORDINARY NON-RECURRING...Reuters
8 hours ago
uCloudlink Q1 revenue falls, hurt by fewer outbound travelers from China
OverviewHong Kong mobile data marketplace's Q1 revenue fell 10% yr/yr on lower international connectivity demandAdjusted net loss widened to $2.6 mln, with adjusted EBITDA turning negativeRevenue decline driven by fewer outbound travelers from China amid global tensionsOutlookuCloudlink expects ...Reuters
8 hours ago
China, US had 'candid, in-depth, constructive' trade talks ahead of Trump-Xi summit, Xinhua says
BEIJING, May 13 (Reuters) - China and the U.S. held "candid, in-depth and constructive exchanges" in South Korea on resolving trade and economic issues and expanding cooperation, China's state-run Xinhua news agency reported on Wednesday.U.S. Treasury Secretary Scott Bessent and Chinese ...Reuters
9 hours ago
UK bonds claw back losses as Starmer challenger fails to emerge
May 13 (Reuters) - British government bonds clawed back some ground on Wednesday as a clear challenger to Prime Minister Keir Starmer failed to materialise, his cabinet remaining intact despite some junior minister resignations a day earlier.While tracking moves seen in international peers, gilts ou...Reuters
9 hours ago
Soccer-Souttar battling to reclaim Australia role at World Cup
MELBOURNE, May 13 (Reuters) - Towering defender Harry Souttar says he is fighting to prove he still belongs in Australia's World Cup plans after returning from a devastating run of injuries that sidelined him for more than a year.The 27-year-old centre back has joined the Socceroos' camp in ...Reuters
9 hours ago
US Treasury's Bessent, China's He wrap up S. Korea talks ahead of Trump-Xi summit
Bessent, He Lifeng hold talks at Incheon airportEach met South Korean president separatelyBessent, He to set the stage for Trump-Xi summit in BeijingSummit expected to discuss purchases, investment forums, chipsBy Heejin Kim and Brenda Goh INCHEON, South Korea, May 13 (Reuters) - U.S. Treasury Se...Reuters
9 hours ago
SK Innovation Recent Oil Price Rise Could Support EV Demand, But Long-Term EV Demand To Depend More On Regional Policies, Automakers' Sales Strategies
May 13 (Reuters) - SK Innovation Co Ltd 096770.KS:SK INNOVATION: RECENT OIL PRICE RISE COULD SUPPORT EV DEMAND, BUT LONG-TERM EV DEMAND TO DEPEND MORE ON REGIONAL POLICIES, AUTOMAKERS' SALES STRATEGIESSource text: [ID:]Reuters
9 hours ago
China's Pop Mart warns of 2026 profit margin pressure from higher costs
SHANGHAI, May 13 (Reuters) - Pop Mart 9992.HK, the Beijing-based maker of collectible "blind box" toys, warned on a call with analysts Wednesday that profit margins in the near term will be squeezed by higher production costs for new products driven by rising raw material prices, which have ...Reuters
9 hours ago
Ahead of Trump-Xi summit, China warns on US arms sales to Taiwan
Trump to meet China's Xi in Beijing this weekUS approved $11 bln arms sales package to Taiwan in DecemberTaiwan parliament cuts government's requested defence spendingChina views Taiwan as its own territory BEIJING/TAIPEI, May 13 (Reuters) - China reiterated its strong opposition to U.S. ...Reuters
9 hours ago
Nvidia CEO joins Trump for China trip, spurring hopes for H200 deal
Nvidia CEO Huang joins Trump on China tripReporters saw Huang board Air Force One in AlaskaTrip could yield results for Nvidia on H200 chip salesBy Laurie Chen, Karen Freifeld and Liam MoBEIJING/NEW YORK, May 13 (Reuters) - Nvidia NVDA.O CEO Jensen Huang will join President Donald Trump during his v...Reuters
9 hours ago
Taiwan ruling party nominates lawmaker sanctioned by China for Taipei mayor
TAIPEI, May 13 (Reuters) - Taiwan's ruling Democratic Progressive Party (DPP) nominated lawmaker Puma Shen on Wednesday as its candidate for Taipei mayor, a man who has been sanctioned by China for what Beijing has described as his support for "separatism".Taiwan, which China views as it...Reuters
9 hours ago
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