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Reuters exclusively revealed that Chinese electric vehicle maker Zhejiang Leapmotor Technology has shelved a plan to raise $1.5 billion through an initial public offering in Hong Kong because of lukewarm investor interest. Bankers and advisers had hoped a deal of the size planned by Leapmotor, which would have been Hong Kong’s largest IPO so far […]

Reuters reported that Tencent-backed Indian music streaming app Gaana has switched to a paid subscription model to avoid closing down after failing to secure fresh funds or find a buyer. Gaana, also backed by India’s Times Internet, said in the email that talks with a potential acquirer had “fallen through,” without naming the other party. […]

Reuters was first to report that the Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools. The move would expand the reach of the limits and could subject other U.S. companies producing similar technology to the restrictions.  The post Reuters reveals Biden […]

Reuters revealed that the yen may be near 24-year lows, but Japan’s central bank is not even close to trying to support it with higher interest rates. The government — especially the Ministry of Finance — has repeatedly and strongly expressed dissatisfaction with this year’s falls in the yen, which on Sept. 7 dropped as […]

Reuters was first to report that an international standards body approved the creation of a merchant code for gun retailers following pressure from activists who say it will help track suspicious weapons purchases. It will allow financial institutions to use new tools to detect and report suspicious activity associated with gun trafficking and mass shootings. […]

Reuters exclusively revealed that products made with forced labour or those imported into the 27-country European Union (EU) will be banned under draft rules, according to an EU document seen by Reuters. In a move driven by EU lawmakers concerned about human rights in the Chinese province of Xinjiang, the EU executive will announce its […]

Reuters exclusively reported that the blank-check acquisition firm Digital World Acquisition Corp failed to muster enough shareholder support for a proposal to extend its life by one year so it can complete a merger with former U.S. President Donald Trump’s social media company. At stake is a $1.3 billion cash infusion that Trump Media & […]

Reuters exclusively reported that U.S. life sciences company Illumina is in talks with European Union (EU) antitrust regulators to divest Grail ahead of an expected EU veto of its $7.1 billion acquisition of the biotechnology company. The European Commission confirmed the Reuters story the next day and blocked the deal because remedies offered by Illumina did […]

Reuters exclusively reported Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower. The measures could include reducing or even scrapping investment and export guarantees for China and no longer promoting trade fairs and manager training there. Loans […]

Reuters provided insight into how a consortium led by China’s Hollysys Automation Technologies management plans to take the U.S.-listed automation and control system maker private in a deal that would value the firm at $1.8 billion. The management team, led by Founder and Chief Executive Officer Wang Changli, has won endorsement for the deal from […]