World Bank Exclusive IFC Uses Blockchain to Offset Carbon

A tree about to be planted is seen during a reforestation project in Nova Motum, Brazil, February 19, 2020. Photo taken February 19, 2020. REUTERS/Alexandre Menegini/File Photo Register now to get free unlimited access to Reuters.com Register IFC participated in the launch of the Carbon Opportunity Fund A platform to help sell and track credits … Read more

US seeks information from Tesla on in-vehicle camera in autopilot investigation

WASHINGTON (Reuters) – U.S. auto safety regulators on Thursday asked Tesla (TSLA.O) To answer questions about an in-vehicle camera designed to monitor driver awareness as part of an investigation into 830,000 Tesla vehicles that use the automaker’s advanced driver assistance system called Autopilot. The National Highway Traffic Safety Administration (NHTSA) is evaluating autopilot performance after … Read more

Philips parts ways with CEO in the midst of massive recalls

Van Houten leaves after nearly 12 years in office To be replaced on October 15 by Connected Care President Jacobs Stocks are up 2%, but down over 50% since the product recall AMSTERDAM (Reuters) – Philips (PHG.AS) The Dutch health technology company said, on Tuesday, that CEO Frans van Houten will leave the company in … Read more

Exclusive: Tencent Plans to Abandon $24 Billion Meituan Stake

Tencent seeks to start selling Meituan stake this year – sources Sale seeks to appease regulators, monetize 8-year-old betting sources Shares likely to be sold as group trading – sources The move comes after Tencent withdrew JD.com’s investments, SEA stakes Mituan shares are down 10 percent; Tencent shares are recovering HONG KONG (Reuters) – China’s … Read more

Third Point unveils nearly $1 billion stake in Disney, pushes for changes

Aug 15 (Reuters) – Hedge fund Third Point on Monday unveiled a nearly $1 billion stake in The Walt Disney Company. (DIS.N) She said she plans to push the media company to make a series of changes, from breaking up cable sports channel ESPN to buying back shares and adding new board members. Billionaire investor … Read more

NYSE writedowns suggest Beijing may be willing to compromise on US review dispute analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, US, June 14, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register HONG KONG (Reuters) – The move to delist five Chinese state-owned companies from the New York Stock Exchange (NYSE) suggests Beijing may be … Read more

China unexpectedly lowered two key rates, withdrawing cash from the banking system

A picture of the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China on September 28, 2018. REUTERS/Jason Lee Register now to get free unlimited access to Reuters.com Register SHANGHAI (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and pulled some … Read more

With Alibaba stakes cut, SoftBank’s Son calms down on Chinese technology

A journalist raises her hand to ask a question to Japanese SoftBank Group Corp. CEO Masayoshi Son during a press conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo Register now to get free unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – SoftBank Group Corp. (9984.T) The decision to sell Alibaba Group … Read more

Five Chinese state-owned companies should be delisted from the New York Stock Exchange

SHANGHAI/HONG KONG (Reuters) – Five Chinese state-owned companies including China Life Insurance Co. (601628.SS) And the giant oil company Sinopec (600028.SS) On Friday, he said they would remove their names from the New York Stock Exchange, amid rising diplomatic and economic tensions with the United States. Companies that also include China Aluminum Corporation (Shalco) (601600.SS)PetroChina … Read more

South Korea’s Yoon pardons Jay Y Lee from Samsung over the ‘economic crisis’

A descendant of Samsung spent 18 months in prison for bribery South Korea says leaders need help to overcome economic crisis Samsung may increase investment with pardon the analysts SEOUL (Reuters) – South Korean President Yoon Seok-yeol has pardoned Samsung Electronics. (005930.KS) Vice Chairman Jay Y. Lee on Friday, with the South Korean Ministry of … Read more