Renault to sell 5% tranche of Nissan stake
Nissan said in a separate statement that the move was “in line with Nissan’s commitment to enhancing shareholder returns and capital efficiency”.
UK to probe Unilever’s environmental claims as part of greenwashing crackdown
The CMA had launched a wider probe in January, joining regulators across the United States and Europe as they crack down on potentially false environmental, social and governance-related (ESG) claims made by companies.
China’s Xi arrives in Vietnam, looking to strengthen ties
Despite close economic ties, Vietnam and China have been at odds over boundaries in the South China Sea and have a millennia-long history of conflict.
CNBC Daily Open: A new AI gem
Broadcom shares popped 9% after Citi resumed coverage on the semiconductor maker, rating it a “buy.”
TikTok and GoTo team up in Indonesia, threatening Southeast Asia’s e-commerce giant
Shopee may face “greater pressure” from the combined forces of GoTo and TikTok in Indonesia, analysts said.
Malaysia PM aims to rebuild trust with major cabinet reshuffle
PM Ibrahim reshuffled his cabinet, making changes including the posts of foreign, defense and energy ministers and the return of a second finance minister.
U.S.-Chinese military hotline hasn’t been restored a month after Biden-Xi summit
Last month, Biden declared the resumption of contacts a signature achievement. U.S. military officials say Chinese colleagues haven’t been taking their calls.
BlackRock and China-led AIIB among backers of $800 million Asia-focused infrastructure fund
Investor interest in the last few years largely stems from a desire for stable returns at a time of high inflation and heightened volatility in public markets.
India overtakes Hong Kong to become the world’s seventh largest stock market
India has been a standout market this year in the Asia-Pacific region, while Hong Kong is the worst performer among the region’s major equity markets.
Michael Milken says the Fed won’t move too early and risk massive inflation like the 1970s
The famed investor expects the central bank will be sure to tamp out inflation before starting to lower rates so as to avoid a repeat of the 1970s.
