Shares of China’s CMOC jump after announcing acquisition of Lumina Gold

BEIJING (Reuters) -Shares of China’s CMOC Group jumped on Tuesday, after the miner said it would acquire Canada-listed Lumina Gold for C$581 million ($420.7 million) in an all-cash deal. The acquisition will enable CMOC gain access to the flagship asset of Lumina Gold’s Cangrejos gold project, with total mineral reserves of 659 million tons, located …

Shares of China’s CMOC jump after announcing acquisition of Lumina Gold Read More »

LG, Samsung sue Indian government over electronic-waste pricing policy

By Aditya Kalra NEW DELHI (Reuters) -South Korea’s LG and Samsung have sued India’s government to quash a policy which increases payouts to electronic-waste recyclers, court filings show, joining other major companies in contesting the country’s environmental rules citing business impact. The lawsuits, set to be heard on Tuesday with other challenges, mark an escalation …

LG, Samsung sue Indian government over electronic-waste pricing policy Read More »

UK self-driving startup Wayve sets up Japan testing and development centre

TOKYO (Reuters) -British self-driving technology startup Wayve said on Tuesday it has established a new testing and development centre in Japan, its first expansion into an Asian market. Wayve said the new centre will allow it to speed up the development of AI-powered driving software in collaboration with automakers and support testing and developing of …

UK self-driving startup Wayve sets up Japan testing and development centre Read More »

Nomura to buy Macquarie’s US, European asset management units for $1.8 billion

By Anton Bridge and Roushni Nair (Reuters) -Nomura is acquiring Macquarie Group’s U.S. and European public asset management businesses for $1.8 billion, marking the Japanese investment bank’s most ambitious expansion abroad since its failed purchase of Lehman Brothers’ assets. Japan’s largest investment bank and brokerage will take over the management of the publicly traded assets, …

Nomura to buy Macquarie’s US, European asset management units for $1.8 billion Read More »

Thai PM says trade talks with US postponed

BANGKOK (Reuters) – Prime Minister Paetongtarn Shinawatra said on Tuesday Thai-U.S. trade negotiations have been postponed from April 23. Paetongarn gave no reason for the postponement. (Reporting by Panarat Thepgumpanat and Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Martin Petty)

South Korea acting president sees US trade talks leading to beneficial solution

SEOUL (Reuters) -South Korea’s acting President Han Duck-soo said during a Cabinet meeting on Tuesday that he expects trade talks this week with the United States to pave the way toward a mutually beneficial solution. Finance Minister Choi Sang-mok and Industry Minister Ahn Duk-geun will attend a joint meeting with U.S. Treasury Secretary Scott Bessent …

South Korea acting president sees US trade talks leading to beneficial solution Read More »

China arrests former senior anti-graft official for suspected bribes

BEIJING (Reuters) -China has arrested a former senior anti-graft official on suspicion of taking bribes as the country continues its crackdown on corruption, state news agency Xinhua said on Tuesday. Li Gang previously headed the discipline inspection and supervision team of the Chinese Communist Party’s organization department, which functions as the human resources arm that …

China arrests former senior anti-graft official for suspected bribes Read More »