US will have golden share in Nippon Steel’s takeover of US Steel, lawmaker says
The logo of Nippon Steel Corporation is displayed at the company headquarters in Tokyo, Japan in this photo taken by Kyodo May 1, 2019. Mandatory credit Kyodo/via REUTERS TOKYO/WASHINGTON, (Reuters) – The U.S. government will have veto power over key decisions relating to U.S. Steel (X.N), as part of a deal with Nippon Steel (5401.T), that […]
Asian shares, U.S. dollar climb on rosy data, tech optimism
A woman walks past a stock quotation board at a brokerage in Tokyo, Japan, April 7, 2025. REUTERS TOKYO, May 28 (Reuters) – Asian shares continued a rally from Wall Street and the dollar held gains on Wednesday on promising economic signs in the United States and speculation of strong tech earnings. Markets welcomed what […]
Jio BlackRock gets approval to start mutual fund business in India
People stand next to a logo of Jio Financial Services ahead of its listing ceremony at the Bombay Stock Exchange in Mumbai, India, August 21, 2023. REUTERS MUMBAI, May 27 (Reuters) – Billionaire Mukesh Ambani-led Reliance Group and U.S.-based BlackRock (BLK.N), have received approval from India’s markets regulator to start operations for their mutual fund business, […]
India approves stealth fighter programme amid tensions with Pakistan
Visitors stand next to a prototype of the Advanced Medium Combat Aircraft (AMCA), India’s most advanced stealth fighter jet, at the “Aero India 2025” air show at Yelahanka air base in Bengaluru, India, February 11, 2025. REUTERS NEW DELHI, May 27 (Reuters) – India’s defence minister has approved a framework for building the country’s most […]
IndiGo co-founder sells $1.36 billion of airline’s shares, term sheet shows
An IndiGo airlines passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International airport in Mumbai, India, May 29, 2023. REUTERS SYDNEY, May 27 (Reuters) – The co-founder of Indian airline IndiGo, Rakesh Gangwal, sold a 5.7% stake in the low-cost carrier through a block deal worth about $1.36 billion, a term sheet showed on […]
Southwest Airlines ends free baggage policy, to charge $35 for first bag
A Southwest commercial airliner takes off from Las Vegas International Airport in Las Vegas, Nevada, U.S., February 8, 2024. REUTERS May 27 (Reuters) – Southwest Airlines on Tuesday said it will charge $35 for one checked bag and $45 for the second, except for certain elite customers, bringing an end to the airline’s free luggage […]
Sony to make case for finance arm spin-off in latest corporate transformation
The Sony logo is displayed outside the company’s headquarters in Tokyo, Japan February 16, 2023. REUTERS TOKYO, May 27 Reuters) – Sony (6758.T), will on Thursday lay out the growth strategy for its financial arm set for a spin-off that has been welcomed by investors as marking the latest chapter in the company’s transformation. The Japanese […]
Tesla misses out on European EV growth as Model Y fails to revive sales
The logo of Tesla is seen on a Tesla car in Brussels, Belgium April 24, 2025. REUTERS May 27 (Reuters) – Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving […]
Exclusive: Toyota to move some GR Corolla production to Britain, sources say
Toyota logo is placed on the vehicle at the 41st Thailand International Motor Expo, in Bangkok, Thailand, November 29, 2024. REUTERS TOKYO, May 27 (Reuters) – Toyota is moving some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North […]
Help wanted: Europe’s defence companies scramble for workers as business booms
A worker produces a turbine engine component at PBS company, in Velka Bites, Czech Republic, May 6, 2025. REUTERS A worker produces a turbine engine component at PBS company, in Velka Bites, Czech Republic, May 6, 2025. REUTERS A worker produces a turbine engine component at PBS company, in Velka Bites, Czech Republic, […]