Page 101 - Christopher Cushing News Today

HONG KONG (Reuters) -Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group. Only about 20 bankers will be spared the cuts that will impact Credit Suisse's 100-strong investment banking team in the territory, the people said, declining to be identified as discussions on the matter were private. Credit Suisse and UBS declined to com...

Japans Warabeya Nichiyo saw its shares lose more than 4% on Monday after the food maker disclosed two instances of cockroaches being found inside its rice that were sold at a 7-Eleven convenience...

Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the banks...

TOKYO (Reuters) - Japan's Warabeya Nichiyo saw its shares lose more than 4% on Monday after the food maker disclosed two instances of cockroaches bein...

Private equity firm KKR & Co Inc said on Monday its second quarter after-tax distributable earnings fell 23% year-on-year as growth in management and transaction fees could not offset a slump in asset...

BEIJING (Reuters) -Autonomous vehicle technology startup Pony.Ai on Friday said it would set up a joint venture with Japan's Toyota Motor with an investment of 1 billion yuan ($139 million) to mass produce robotaxis. The new company, which will also involve Toyota's joint venture with Chinese state-owned Guangzhou Automobile Group (GAC), will be established this year and will see GAC-Toyota produce cars that will use Pony.Ai's ride-hailing software, Pony.Ai said. The venture mar...

Electric vehicle (EV) maker Fisker Inc unveiled a pickup truck on Thursday, weeks after starting deliveries of its flagship sport utility vehicle (SUV) and as it tackles persistent supply chain issues. Fisker aims to make a mark in the crowded EV market with lower-priced vehicles that still have high-design sensibility. Slated to start production early 2025, the Alaska will join a fast-heating electric pickup market with players such as Ford's F-150 Lightning, Tesla's Cybertruck and ...

MEXICO CITY (Reuters) -At least 18 people died in western Mexico when a passenger bus plunged off a highway into a ravine early on Thursday, state officials said, adding the passengers were mostly foreigners and some were heading for the U.S. border.

Applied Materials wants its suppliers from Europe, Japan and elsewhere to set up operations in India, as the semiconductor toolmaker works to expand the local supply chain, its India head told Reuters. India is a key market for U.S.-based Applied Materials where the firm plans to invest $400 million over coming years in a new engineering centre in the tech hub of Bengaluru. Srinivas Satya, president of Applied Materials India, in an interview said the firm attracted as many as 25 of its suppli...

Eateries, hotels, and luxury goods makers have been among few bright spots as Chinese consumers splurge following the lifting of Covid-19 restrictions on movement.