US Business

Ready to taper or waiting for more data? Recent Fed officials' comments

18h53 The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track.. . .  Full story

Analytics firm Amplitude valued at $5 bln as shares jump in Nasdaq debut

18h39 Shares of Amplitude Inc opened nearly 43% above their reference price in Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark Capital-backed analytics company.. . .  Full story

Wall St tumbles on weak consumer sentiment, rising bond yields

18h29 The S&P 500 and the Nasdaq headed for their worst day in four months on Tuesday as weak consumer confidence data deepened concerns over slowing economic growth, while a surge in Treasury yields hit. . .  Full story

HeidelbergCement buys 45% of construction software firm Command Alkon

18h26 HeidelbergCement, the world's second-largest cement maker, said on Tuesday it has taken a 45% stake in U.S.-based Command Alkon, which provides software and technology needed to manage construction materials' supply chains.. . .  Full story

Ford asks U.S. salaried employees to disclose COVID-19 vaccination status

18h10 Ford Motor Co on Tuesday became the second Detroit automaker to ask U.S. salaried employees to reveal their vaccination status against COVID-19 in a bid to comply with wider federal guidelines.. . .  Full story

U.S. consumer confidence hits seven-month low; goods trade deficit widens

17h54 U.S. consumer confidence fell to a seven-month low in September as a relentless rise in COVID-19 cases deepened concerns about the economy's near-term prospects, fitting in with expectations for a slowdown in growth in the. . .  Full story

Canada's second-largest pension fund says first to exit oil assets

17h35 Canada's No. 2 pension fund, Caisse de depot et placement du Quebec, said Tuesday it will shed all of its oil production assets, valued at C$3.9 billion ($3.08 billion), by the end of 2022. . .  Full story

Yields continue climb as uncertainty sidelines bulls

16h48 U.S. Treasuries extended their sell-off into a fourth day on Tuesday with the 10-year yield reaching a level last seen in mid-June, while inflation expectations rose. The benchmark 10-year yield,. . .  Full story

U.S. new vehicle retail sales set to fall 25% in Sept - data

16h15 U.S. retail sales of new vehicles are expected to fall nearly a quarter in September, hurt by depleting inventories, even as consumer spending remains strong, consultants J.D. Power and LMC Automotive said in a. . .  Full story

U.S. consumer confidence falls again in September to lowest since February

16h13 U.S. consumer confidence unexpectedly weakened in September as soaring COVID-19 infections deepened concerns about the economy's near-term prospects.. . .  Full story

Toronto stock retreats as technology, mining shares drag

15h56 Canada's main stock index retreated on Tuesday, as technology stocks tracked a slide in the U.S. tech-heavy Nasdaq, while a 1% drop in gold prices weighed on miners.. . .  Full story

Siemens, AES-backed Fluence files for U.S. IPO

15h54 Fluence Energy Inc, an energy storage technology company backed by industry giants Siemens AG and AES Corp, on Tuesday filed regulatory paperwork for an initial public offering in the United States.. . .  Full story

OPEC forecasts oil demand rebound before post-2035 plateau

15h47 Oil demand will grow sharply in the next few years as economies recover from the pandemic, OPEC forecast on Tuesday, adding that the world needs to keep investing in production to avert a crunch. . .  Full story

GM's commercial EV unit to expand vehicle lineup, add Verizon as customer

15h00 General Motors Co said on Tuesday its BrightDrop electric commercial vehicle business will add a second delivery van to its lineup in 2023 and has agreed to supply that vehicle to Verizon Communications Inc.. . .  Full story

U.S. goods trade deficit increases in August

14h37 The U.S. trade deficit in goods increased in August amid a rise in imports as businesses replenished depleted inventories, suggesting trade could again be a drag on economic growth in the third quarter.. . .  Full story

Hiring for holiday season in tightening U.S. labor market

14h27 Retailers, restaurants and providers of delivery services are scrambling to hire and retain workers ahead of the all-important holiday season as they wrestle with a tight U.S. labor market. While. . .  Full story

Fed's Bullard: More aggressive Fed stance best to ensure longer expansion

14h20 The Federal Reserve should let its roughly $8 trillion balance sheet shrink next year as soon as it winds down a bond purchase program, St. Louis Federal Reserve president James Bullard said, cautioning high. . .  Full story

WHO chief expects collaboration of China, others on virus origins follow-up

14h00 The head of the World Health Organization said on Tuesday that he expected all countries, including China, to collaborate in the second phase of a probe into the origins of the coronavirus after an. . .  Full story

Recruiting platform Gem raises fresh capital at over $1 bln valuation

14h00 Recruiting software maker Gem raised $100 million in a funding round led by investment firm ICONIQ Capital, lifting its valuation to $1.2 billion.. . .  Full story

Pandemic brings forward predictions for peak oil demand

13h52 The COVID-19 pandemic this year has dented oil consumption and brought forward forecasts by energy majors, producers and analysts for when the world's demand for oil may peak.. . .  Full story

China energy crunch triggers shutdowns, pleas for more coal

13h39 China faces mounting pressure to ramp up coal imports and ensure supplies to keep lights on, factories open and water flowing as a severe power crunch roils the northeastern industrial heartland.. . .  Full story

Lilly to cut price of Lispro insulin injection by 40% from Jan. 1

13h27 Eli Lilly and Co will lower the list price of its Insulin Lispro Injection in the United States by 40% from Jan. 1, the drugmaker said on Tuesday.. . .  Full story

Saudi Arabia's SIIG and Petrochem plan merger through share exchange

13h26 Saudi Industrial Investment Group (SIIG) and the National Petrochemical Company (Petrochem) have signed a non-binding agreement on a proposed merger, they said on Tuesday.. . .  Full story

India expects tech cos will not use encryption as 'excuse'- official says

13h13 India expects that technology companies will not use encryption as an excuse to hold up investigations and will play their part in bringing criminals to justice, the top government official in India's technology ministry said. . .  Full story

Corn eases from 4-week top on U.S. harvest pace; wheat rises

13h13 Chicago corn slid on Tuesday, easing from a four-week high scaled in the previous session, as a rapid U.S. harvest put pressure on prices. Wheat edged higher after falling in. . .  Full story

Advent-owned Olaplex raises IPO price range, now aims for $12.3 bln valuation

13h04 Hair products maker Olaplex Holdings Inc, owned by private equity firm Advent International, increased the price range for its U.S. initial public offering and is now seeking a valuation of up to $12.3 billion,. . .  Full story

APPEC-Asian LNG prices set to spike more this winter on low inventories

13h00 Asian spot liquefied natural gas (LNG) prices are set to spike further this winter and may break previous records set last winter as inventory levels remain low and producers are yet to ramp up supply,. . .  Full story

U.S. Democratic lawmakers urge Biden not to reduce biofuel mandates

13h00 A group of U.S. Democratic lawmakers called on President Joe Biden to halt a plan to slash the amount of biofuels that oil refiners must blend into their fuel, according to a letter dated. . .  Full story

U.S. SEC cracks down a second time on SPAC equity accounting treatment - sources

13h00 Expanding its crackdown on the SPAC sector, the U.S. Securities and Exchange Commission has told top auditors of blank-check acquisition companies to account more strictly for public shares in these shells, according to multiple industry. . .  Full story

U.S. Commerce chief to push investment in domestic economy

13h00 U.S. Commerce Secretary Gina Raimondo plans to outline her vision for U.S. investment in its domestic economy and doing more to compete with China, in a speech on Tuesday.. . .  Full story

Asia Distillates-Jet fuel cash differentials weaken on lacklustre demand

12h44 Asia's jet fuel cash differentials flipped back to a narrow premium on Tuesday amid muted buying interests in the physical market, while near-term outlook for the aviation fuel remained clouded as airlines continued. . .  Full story

Founder of Chinese car maker Geely launches smartphone venture

12h34 A new venture from the founder of Chinese automaker Zhejiang Geely Holding will aim to release its first smartphone by 2023 and sell 3 million units in its first year, according to a memo. . .  Full story

Carbon-offset crude trade to take time to develop - execs

11h36 More producers and refiners are looking at ways to offset carbon emissions of their crude oil exports to meet future global demand for low-carbon raw materials, although such trades will require time to develop. . .  Full story

Tallgrass to track, measure emissions on U.S. interstate natgas pipeline

11h00 Tallgrass Energy Partners will begin monitoring emissions, including methane and other greenhouse gases, on its Rockies Express Pipeline, making it the first U.S. company to measure and certify the environmental impact of operations on an. . .  Full story

AutoStore seeks to raise $315 mln in one of Norway's largest IPOs

10h05 SoftBank-backed robotics firm AutoStore said on Tuesday it was seeking to raise $315 million by listing on the Oslo Bourse for an initial public offering (IPO) at a valuation that could make it Norway's largest. . .  Full story

Temasek-backed Vertex expects at least $400 mln in new S.E.Asia/India fund

10h01 Venture capital firm Vertex Ventures, which is backed by Singapore state investor Temasek , expects to raise at least $400 million next year for a new fund focusing on Southeast Asia and India, a. . .  Full story

Ten-year JGB yield hits highest in nearly four months, tracks U.S. peers

09h58 Japan's 10-year government bond yield hit its highest in nearly four months, tracking U.S. Treasury yields higher, while weak demand at a 40-year debt auction weighed on bond prices.. . .  Full story

Lack of investment, more demand to drive oil price volatility -industry execs

07h46 A lack of investment in new oil and gas supplies, amid a shift in focus to cleaner fuels, is likely to drive price volatility in the next decade as demand for traditional energy sources. . .  Full story

Boeing and GAMECO to set up two 767 freighter conversion lines in China

06h57 Boeing Co and Guangzhou Aircraft Maintenance Engineering Co Ltd (GAMECO) will establish two 767 freighter-conversion lines next year, company executives said on Tuesday, citing high air cargo demand.. . .  Full story

Ford, SK to invest $11.4 bln to add electric F-150 plant, three battery factories

04h08 Ford Motor Co and its Korean battery partner SK Innovation will invest $11.4 billion to build an electric F-150 assembly plant and three battery plants in the United States, accelerating the U.S. automaker's push into. . .  Full story

Gaming company Kepler raises $120 mln from China's NetEase

04h00 Kepler Interactive, a game publisher co-owned and run by developers, on Tuesday said it got $120 million in funding from Chinese gaming firm NetEase Inc .. . .  Full story

Competition, chips, AI on table at first U.S.-EU trade and tech meet

03h47 The United States and the European Union hope to discuss chip shortages, artificial intelligence (AI) and tech competition issues during the first Trade and Tech Council (TTC) meeting this week, senior U.S. administration officials said. . .  Full story

Goldman cuts China GDP growth forecast on energy supply crunch

02h27 Goldman Sachs has cut China's economic growth forecast for 2021 to 7.8%, from 8.2%, as energy shortages and deep industrial output cuts add "significant downside pressures", it said in a note on Tuesday.. . .  Full story

Morgan Stanley Asia veteran Christianson retires - memo

02h27 Morgan Stanley's Asia Pacific co-chief executive Wei Sun Christianson will retire from the bank after nearly two decades at the end of 2021, according to a memo reviewed by Reuters.. . .  Full story

CME hog futures surge on bullish USDA data; cattle futures sag

01h26 Chicago Mercantile Exchange (CME) lean hog futures soared on Monday, with the most-active December contract rising its daily limit after a quarterly U.S. Department of Agriculture report showed a smaller-than-expected U.S. hog herd.. . .  Full story

New York hospitals fire, suspend staff who refuse COVID vaccine

01h08 New York hospitals on Monday began firing or suspending healthcare workers for defying a state order to get the COVID-19 vaccine, and resulting staff shortages prompted some hospitals to postpone elective surgeries or curtail services.. . .  Full story

U.S. appeals court rules New York City can order teachers, staff to get COVID vaccine

01h03 A federal appeals court on Monday ruled that New York City can order all teachers and staff to get the COVID-19 vaccine, reversing a previous decision that had put the mandate on hold. (Reporting by. . .  Full story

Aurora Cannabis revenue falls short of expectations on lower pot demand

01h02 Aurora Cannabis Inc on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders.. . .  Full story

Fed resignations don't blunt calls for broader ethics changes

00h52 U.S. consumer and public interest groups on Monday kept up the pressure on Federal Reserve Chair Jerome Powell to impose stricter ethics rules on Fed officials, after two Fed bank presidents resigned because of controversial. . .  Full story

Alternative asset manager P10 files for U.S. IPO

00h04 P10 Inc, the holding company of investment firm P10 Holdings Inc, on Monday filed for an IPO in the United States, becoming the latest alternative asset manager exploring a public listing as shares of. . .  Full story

Shift to EVs means huge 'reskilling' job for Europe - report

00h01 The shift to electric vehicles will force huge changes in the auto industry and require EU backing for 'reskilling' programs to help workers prepare for a zero-emission future, according to a report published on Tuesday.. . .  Full story

Canada seeks to attract U.S. frequent flyers with perks on Air Canada

00h00 Canada is trying to use the lure of travel perks to convince America's frequent-flying elite to fly north on Air Canada, as the country steps up efforts to revive crucial traffic from the United. . .  Full story

U.S. environment agency urged by 21 states to toughen vehicle emissions rewrite

27/09 A group of 21 state attorneys general, the District of Columbia, and several major U.S. cities urged the Biden administration to finalize significantly stricter vehicle emissions rules than it has proposed.. . .  Full story

Fed will allow labor markets to 'run their course': Bostic

27/09 Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank's commitment to making sure every American who wants a job can have one.. . .  Full story

GM backs vehicle emissions reductions goals in EPA proposal

27/09 General Motors supports the emission reduction goals in the proposed rewrite of vehicle standards through 2026 issued by the U.S. Environmental Protection Agency last month, according to written comments the automaker filed with the EPA. . .  Full story

Fed's Powell: Reopening economic bottlenecks could be "more enduring"

27/09 The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove "more enduring than anticipated," and the Federal Reserve would move against unchecked inflation if needed, Fed Chair Jerome. . .  Full story

UFC-owner Endeavor to buy sports betting firm OpenBet for $1.2 bln

27/09 Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship, will buy sports betting firm OpenBet from Scientific Games Corp for $1.2 billion in cash and stock, the companies said on Monday.. . .  Full story

Toronto market rises as energy shares reach 3-month high

27/09 Canada's main stock index rose on Monday as a rally in oil prices lifted the energy sector to the highest level in nearly three months, while financials gained ground as bond yields rose.. . .  Full story

PennEast becomes the latest to scuttle a natural gas pipeline project

27/09 PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due to legal and regulatory. . .  Full story

New York hospitals face staff shortages as vaccine mandate kicks in

27/09 New York hospitals were preparing to fire thousands of healthcare workers for not complying with a COVID-19 vaccine mandate taking effect on Monday, with some in the upstate region curtailing services to cope with staff. . .  Full story

Aurora Cannabis posts smaller core loss on higher pot demand, cost cuts

27/09 Aurora Cannabis Inc, reported a smaller fourth-quarter core loss on Monday, as the pot producer benefited from aggressive cost-cut measures and higher demand for cannabis and related products.. . .  Full story

Warburg, Ontario Teachers consider sale of Chisholm Energy -sources

27/09 Warburg Pincus and the Ontario Teachers' Pension Plan (OTPP) are exploring a sale of Chisholm Energy, an oil and gas exploration and production company focused on the Permian basin, people familiar with the matter. . .  Full story

Brazil's Abitrigo says millers won't buy GMO wheat from Argentina

27/09 Brazilian domestic flour millers are threatening to stop buying wheat from Argentina if Brazil commercially approves GMO wheat imports from the neighboring country, Rubens Barbosa, head of the Brazilian Wheat Industry Association (Abitrigo), said on. . .  Full story

Tech pulls Nasdaq, S&P 500 down as Treasury yields rise

27/09 The S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter's final week.. . .  Full story

Fed's Kaplan to leave job Oct. 8, citing trading activities

27/09 Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any "distraction" to the central bank related to his personal investment activities.. . .  Full story

Citigroup appoints former U.S. Treasury official as general counsel - memo

27/09 Citigroup Inc has named former U.S. Treasury official Brent McIntosh as its new general counsel and corporate secretary, Chief Executive Officer Jane Fraser wrote in a memo to employees on Monday.. . .  Full story

Restaurant chain Portillo's reveals revenue jump in IPO filing

27/09 Portillo's Inc, a restaurant chain known for its Chicago-style hot dogs, on Monday made public its filing for a U.S. stock market listing, revealing a nearly 19% jump in revenue for the two quarters. . .  Full story

CAA to buy rival ICM Partners in merger of major Hollywood talent agencies

27/09 Creative Artists Agency (CAA) said on Monday it would buy rival ICM Partners, in a deal that will merge two major Hollywood talent agencies.. . .  Full story

Israeli PM says Iran has crossed nuclear 'red lines'; Tehran calls it 'full of lies'

27/09 Israeli Prime Minister Naftali Bennett said on Monday that Iran had crossed "all red lines" in its nuclear program and vowed that Israel would not allow Tehran to acquire a nuclear weapon.. . .  Full story

Corn futures up 2% on firm cash markets; soy firm, wheat choppy

27/09 U.S. corn futures rose about 2% on Monday, rallying from early declines on support from tight domestic cash markets and spillover strength from crude oil futures, analysts said.. . .  Full story

Fed's highest priority is to get people back to work: Kashkari

27/09 The Federal Reserve's "highest priority" is to make sure millions of Americans now out of a job can get back to work, Minneapolis Federal Reserve Bank President Neel Kashkari said in a speech taped. . .  Full story

Canada's clean energy lobby groups call for changes to draft Clean Fuel Standard

27/09 One of Canada's flagship pieces of climate regulation has run into criticism from clean fuel lobby groups as Prime Minister Justin Trudeau prepares to start his third term in office https://www.reuters.com/world/americas/clock-starts-ticking-canadas-trudeau-after-bid-majority-fails-2021-09-21, with. . .  Full story

Fed officials: Bond taper still hinges on continued job growth

27/09 U.S. Federal Reserve officials including one influential board member on Monday tied reduction in the Fed's monthly bond purchases to continued job growth, with a September employment report now a potential trigger for the central. . .  Full story

Facebook invests $50 mln to build the 'metaverse' in responsible manner

27/09 Facebook Inc will invest $50 million to partner with organizations to responsibly build the so-called metaverse https://www.reuters.com/technology/facebook-sets-up-new-team-work-metaverse-2021-07-26 - a digital world where people can use different devices to move and communicate in a virtual environ. . .  Full story

Fed's Brainard: U.S. still "a bit short" of jobs mark for bond taper

27/09 U.S. employment is "still a bit short of the mark" for the Federal Reserve to begin reducing its monthly bond purchases, Fed Governor Lael Brainard said on Monday in remarks highlighting the risk that. . .  Full story

Telefonica to migrate systems onto cloud in deal with Oracle

27/09 Spain's Telefonica signed a multi-year deal with cloud-service provider Oracle to migrate most of its database systems to the cloud, the firms said on Monday, in preparation for the use of 5G and the Internet. . .  Full story

Fed's Evans sees 2.4% inflation in 2024, 'gentle incline' in rates

27/09 Chicago Federal Reserve Bank President Charles Evans on Monday said he expects inflation to rise to 2.4% by 2024 but interest rates to be only on a "gentle incline" upward, a view that contrasts. . .  Full story

Strong U.S. business spending on equipment seen underpinning GDP growth in Q3

27/09 New orders and shipments of key U.S.-made capital goods increased solidly in August amid strong demand for computers and electronic products, keeping business spending on equipment on track for another quarter of robust growth.. . .  Full story

Ferrari, parent Exor clinch alliance with former Apple designer Jony Ive

27/09 Italian luxury car maker Ferrari and its parent company Exor, the holding vehicle of the Agnelli family, are joining forces with with Jony Ive, the creative mind behind many of Apple's iconic products, and. . .  Full story

UN development arm launches disaster insurance programme

27/09 The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural catastrophes, it said on Monday.. . .  Full story

VW to pay $1.5 million to settle New Hampshire, Montana diesel claims

27/09 Volkswagen AG on Monday said it has agreed to pay $1.5 million to settle environmental claims with the states of New Hampshire and Montana over updates of emissions software arising from the 2015 diesel. . .  Full story

France's Roquette warns of price rise in plant-based food market

27/09 A global surge in pea prices linked to low supplies and growing demand for plant protein will inevitably need to be passed on to customers, including makers of alternative food such as meat-free burgers,. . .  Full story

EV maker Polestar strikes $20-bln deal with Gores Guggenheim SPAC

27/09 Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20. . .  Full story

Bahrain abolishes NOGA, oil ministry to take over functions

27/09 Bahrain's king issued a royal decree on Monday abolishing the National Oil and Gas Authority (NOGA), with all its functions to be undertaken by the oil ministry, the state-run Bahrain News Agency said.. . .  Full story

Fed's Evans sees taper close, expects rate hike in 2023

27/09 The U.S. economy will soon meet the Federal Reserve's bar for beginning to reduce its bond purchase program, Chicago Fed President Charles Evans said on Monday, but it will be late 2023 before an. . .  Full story

Blackstone to sell The Cosmopolitan resort and casino for $5.65 billion

27/09 Blackstone Inc said on Monday it would sell its The Cosmopolitan of Las Vegas resort and casino for $5.65 billion.. . .  Full story

Fed's Evans sees U.S. unemployment heading below 4% before long

27/09 Chicago Federal Reserve Bank President Charles Evans on Monday said he expects U.S. unemployment to fall below 4% "before too long," but even a drop to 3.5% would likely not be enough to drive. . .  Full story

Let's reform not ruin the WTO, EU trade chief urges U.S.

27/09 The United States needs to work with the European Union to reform the World Trade Organization rather than let it decline through neglect, the EU trade chief said on Monday,. . .  Full story

U.S. core capital goods orders rise solidly in August

27/09 New orders for key U.S.-made capital goods increased solidly in August, keeping business spending on equipment on track for another quarter of strong growth.. . .  Full story

NordicTrack-owner iFIT targets valuation of nearly $7 bln in U.S. IPO

27/09 IFIT Health & Fitness Inc is looking to raise as much as $646.15 million through an initial public offering in the U.S., valuing the owner of the NordicTrack fitness brand at $6.61 billion, according. . .  Full story

Asia Distillates-Gasoil cash premiums rise, cracks gain further

27/09 Asia's cash premiums for 10 ppm inched higher on Monday, holding close to a multi-month high touched last week, buoyed by tighter regional supplies and expectations for a gradual recovery in demand in. . .  Full story

What happens when the U.S. federal government shuts down?

27/09 Washington is racing to avert a partial government shutdown that could lead to furloughs for hundreds of thousands of federal workers in the middle of a national health crisis.. . .  Full story

AI navigation startup Phiar lands ex-Google manager, funding from Telenav

27/09 Phiar, a startup aiming to enhance in-car navigation systems by overlaying directions on real-time video, announced on Monday that Google's head of Android automotive platforms joined as chief executive and State Farm Ventures led a. . .  Full story

Israel's Bennett meets UAE, Bahrain ministers ahead of UN address

27/09 Israeli Prime Minister Naftali Bennett met senior ministers from the United Arab Emirates and Bahrain in New York on Sunday, his office said, ahead of an address to the United Nations in which he. . .  Full story

Vitol CEO roots for WTI crude to be added in dated Brent benchmark

27/09 The head of world's largest independent oil trader Vitol said on Monday that the company would prefer U.S. West Texas Intermediate (WTI) Midland crude to be added to the North Sea dated Brent benchmark. . .  Full story

Messaging platform Signal 'fully back up', resolves hosting outage

27/09 Encrypted instant messaging platform Signal said on Monday it had fully resolved issues, after multiple users were affected by a hosting outage.. . .  Full story

Some Apple, Tesla suppliers suspend production in China amid power pinch

27/09 Several Apple Inc and Tesla Inc suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption policies, putting supply chains at risk in the peak season. . .  Full story

HSBC shares climb in Hong Kong as release of Huawei exec seen easing tensions

27/09 Hong Kong-listed shares of HSBC rose by the most in four months on Monday as the release of an executive at telecoms company Huawei fuelled hopes the global bank would benefit from an easing. . .  Full story

China's CNOOC seeks to raise $5.4 bln on Shanghai bourse to fund projects

27/09 China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several. . .  Full story

China's green car credit system to be replaced as country pursues carbon neutrality

27/09 China may replace its green car credit system with a new policy focusing more broadly on reducing carbon emissions, industry executives say.. . .  Full story