Vietnamese EV maker VinFast says job cuts won’t derail plans to start U.S. production
Vietnam’s EV maker VinFast said that its U.S. plant is still on track to start production in 2024 despite a reduction of its U.S. head count.
China’s biggest chipmaker SMIC posts record 2022 revenue but warns of a tough year ahead
China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead.
Indian regulator probes Adani’s links to investors as Modi’s office is briefed
The Securities and Exchange Board of India is investigating Adani Group’s links to some of the investors in the conglomerate’s withdrawn $2.5 billion share sale, two sources told Reuters.
Japanese yen jumps on report Kazuo Ueda will be next governor of the central bank
The Japanese yen pushed higher against both the euro and U.S. dollar after a Nikkei report said Kazuo Ueda would be the next Bank of Japan governor.
Adidas shares tank after company issues warning over unsold Yeezy stock
Adidas shares plummeted after the company said it could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell Yeezy stock.
Chinese IPOs are coming back to the U.S.
Chinese startups are raising millions of dollars in U.S. stock market listings again, after a dry spell in the once-hot market.
UK narrowly avoids recession in back half of 2022 despite December slump
The British economy showed no growth in the final quarter of 2022, but shrunk by 0.5% in December — more than expected by analysts.
Russia is expected to launch a new Ukraine offensive, but it faces a familiar obstacle: Mud
Ukraine’s frozen ground is expected to thaw soon, turning the war-torn nation’s fields and rural roads into a quagmire for troops and tanks.
K-pop stocks soar after agency behind BTS announced it would become its rival’s top shareholder
The K-pop agency behind BTS is set to become the largest shareholder of SM Entertainment.
First Abu Dhabi Bank says it is not currently evaluating offer for StanChart
News of the potential offer first came on Jan. 5, when FAB said it had considered a bid for London-listed Standard Chartered but was no longer doing so.
