Didi Prepares U.S. Delisting, Hong Kong Share Debut
(Bloomberg) — Didi Global Inc. has begun preparations to delist in the U.S. and will start work on a Hong Kong share sale, the company announced on its Weibo (NASDAQ:WB)…
FAST Acquisition refuses to terminate SPAC merger with Fertitta Entertainment
(Reuters) – FAST Acquisition Corp, a blank-check firm, refused to end its merger with Fertitta Entertainment, owned by billionaire Tilman Fertitta, saying the termination initiated by Fertitta is invalid. Fertitta…
Toyota says all Europe sales will be zero-emission cars by 2035
TOKYO (Reuters) – Toyota Motor (NYSE:TM) Corp said all new vehicle sales in Western Europe will be zero-emission models by 2035, as the world’s biggest automaker complies with tighter emission…
China-listed firms rush to divest property businesses amid sector crackdown
SHANGHAI (Reuters) – China-listed companies are increasingly divesting real estate businesses amid stricter regulatory scrutiny of the industry, according to filings and state media, in a year dominated by headlines…
Exclusive-Toyota turns to Chinese tech to reach its electric holy grail
By Norihiko Shirouzu BEIJING (Reuters) – Toyota Motor (NYSE:TM) Corp will launch an all-electric small sedan in China late next year, having turned to local partner BYD for key technology…
Kaisa Default Risks Rise After Swap Rejected: Evergrande Update
(Bloomberg) — Kaisa Group Holdings Ltd. failed to win bondholder approval for a $400 million debt swap designed to avert default, in a development that could spur contagion risk just…
To fight Omicron, Biden sets new travel rules and adds free COVID tests
By Jeff Mason WASHINGTON (Reuters) – President Joe Biden on Thursday laid out his strategy to fight the Omicron and Delta coronavirus variants over the winter, including free and insurer-funded…
Asian Stocks Down as Fed Reinforces Quicker Asset Tapering Message
By Gina Lee Investing.com – Asia Pacific stocks were mostly down on Friday morning, with investors continuing to evaluate the risks from the new omicron COVID-19 variant. U.S. Treasury yields…
Didi Global to start work on delisting from New York, to pursue listing in Hong Kong
SHANGHAI (Reuters) – Chinese ride-hailing giant Didi Global will delist from the New York stock exchange and pursue a listing in Hong Kong, it said on Friday, after it ran…