Developer China SCE Seeks Suspension of Trading in Debt Securities
Property developer China SCE Group Holdings has sought the suspension of trading in its U.S. dollar-denominated notes on the Hong Kong exchange as it is facing an event of default.
How China’s BYD Became Tesla’s Biggest Threat
Once a maker of cellphone batteries, the company is in the running to become the world’s No. 1 seller of electric vehicles.
SoftBank’s Son Says Artificial General Intelligence Will Soon Surpass Humans
“Take advantage of it or be left behind,” the CEO said at the investment company’s annual SoftBank World event.
Intel to Split Off Specialized Chip Business as CEO Pursues Turnaround
The chip maker says the unit that makes programmable chips for defense and telecommunications will eventually go public.
SAS Gets Rescue Deal From Castlelake-Led Investor Group
SAS is set to be taken over by an investor group led by Castlelake, which plans to pump over $1 billion into the struggling airline, averting the threat of bankruptcy.
Ripple Obtains Full License to Operate in Singapore
Cryptocurrency company Ripple has obtained a full license to operate in Singapore, expanding its presence in the Asia-Pacific region.
FDA Authorizes Novavax’s Updated Covid Vaccine
The shot has been updated to target a strain of the coronavirus that was circulating earlier this year.
Brookfield Banks $12 Billion for Private-Equity Deals
The Toronto asset manager kicked in $3.5 billion to the fund, which just missed its fundraising target.
Amazon Used Secret ‘Project Nessie’ Algorithm to Raise Prices
Amazon.com used an algorithm code-named “Project Nessie” to test how much it could raise prices in a way that competitors would follow, according to redacted portions of the FTC’s monopoly lawsuit.
Automakers Notch Double-Digit Sales Gains for Third Quarter
The car market has yet to see an impact from UAW strike-related factory shutdowns.
Source: Dow Jones Newswires