SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd has signed a cooperation agreement with the government of Hangzhou,…
Carlyle buys majority stake in India’s VLCC for $300 million – sources
BENGALURU (Reuters) -Private-equity firm Carlyle Group has acquired a majority stake in Indian beauty care and wellness solutions provider VLCC…
Uniper CEO to resign due to government takeover
BERLIN (Reuters) – Uniper Chief Executive Klaus-Dieter Maubach plans to resign this year due to the nationalisation of the embattled…
Renault and PUNCH Torino join forces on low-emission diesel engines
PARIS (Reuters) -Renault will team up with propulsion systems and electronics developper PUNCH Torino on 4-cylinder diesel engines for light…
Dalio’s Bridgewater cements rank in 2022 as top foreign hedge fund in China
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – Bridgewater has doubled its fund assets in China to more…
Mercedes-Benz sells 2.05 million passenger cars in 2022
BERLIN (Reuters) -Mercedes-Benz delivered 2.05 million passenger cars in 2022, the company said on Tuesday, down 1% on the previous…
China passenger vehicle sales rise in Dec, Tesla sales slump 41% – data
SHANGHAI (Reuters) – China’s passenger car sales rose 2.4% in December as consumers rushed to make use of a subsidy…
Asian companies see earnings upgrades by analysts over the past month
(Reuters) – Analysts raised 2023 earnings estimates for Asian companies over the past month, contrasting with the raft of earnings…
UK recession to limit 2023 growth in food retail sales to 5% – NielsenIQ
By James Davey LONDON (Reuters) – Weak confidence around personal finances and a squeeze on disposable income will hold back…
Fixed income returns in India set to surge in 2023, prompt higher investments – analysts
(This Jan. 9 story has been corrected to fix AUM of Nuvama Wealth Management in the fourth paragraph after the…