morning

Power surge: Chinese electric car battery maker charges for global market

A dusty village on the outskirts of Ningde, a third-tier city in China's southeast, seems an unlikely place for the headquarters of a potential global leader in future automotive technology. China's

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Power surge: Chinese electric car battery maker charges for global market

morning

Blindsided by SUV boom, Hyundai Motor trims costs, perks

The South Korean automaker has been hit by its exposure to weak emerging markets, and a product line-up that features more sedans than sport utility vehicles, just as SUVs have become more popular across many global markets. Since October, Hyundai Motor Group executives have taken a 10 percent pay cut, the first such move in seven years. The number of executives at Hyundai Motor alone has risen by 44 percent in five

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Blindsided by SUV boom, Hyundai Motor trims costs, perks

morning

Snapchat buying Israeli augmented reality start-up Cimagine: report

Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday. Cimagine developed True Marketless Augmented Reality – technology that allows users to virtually place furniture and appliances they wish to purchase in the space of their home, on their…

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Snapchat buying Israeli augmented reality start-up Cimagine: report

morning

Iran says it sealed Boeing plane deal at half price

Iran said on Sunday it had negotiated to pay only about half the announced price for 80 new Boeing airliners in an order that the American planemaker had said was worth $16.6 billion. Boeing and its European rival Airbus have both signed huge contracts this month to supply airliners to Iran, the first such deals since international sanctions were lifted under a deal to curb Tehran's nuclear program. Replacing Iran's antiquated civil aviation …

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Iran says it sealed Boeing plane deal at half price

morning

How JPMorgan could not save Italy’s problem bank

MILAN/LONDON (Reuters) – On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train toward the medieval city of Siena, racing to meet the directors of the world's oldest bank to present them with a rescue plan. Monte dei Paschi di Siena, Italy's third-largest lender, was destined to be …

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How JPMorgan could not save Italy’s problem bank

morning

Alibaba agrees on $266 million acquisition deal with South China Morning Post

SHANGHAI/HONG KONG (Reuters) – Alibaba Group Holding Ltd has agreed on a $266 million deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd , a deal that has raised a question over the outlook for its editorial independence. In a filing to the Hong Kong

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Alibaba agrees on $266 million acquisition deal with South China Morning Post