(Reuters) – Hayman Capital Management L.P. founder Kyle Bass’s failed bet against the Hong Kong dollar got cash linked to former U.S. President Donald Trump’s adviser Steve Bannon, Bloomberg News reported on Wednesday. The details were laid out by the U.S. Securities and Exchange Commission in an enforcement action against […]
Investing
By Nick Carey and Tina Bellon LONDON (Reuters) -European and U.S. cities planning to phase out combustion engines over the next 15 years first need to plug a charging gap for millions of residents who park their cars on the street. For while electric vehicle (EVs) sales are soaring in […]
Kathy Hutchins / Shutterstock.com Often controversial and always entertaining, self-made billionaire Mark Cuban is not shy in his opinions, especially when it comes to money — and that’s good news for budding investors. Mark Cuban, after all, is rich and famous. He owns a jet and a basketball team. He’s […]
(Reuters) – Manufacturing giant Emerson Electric Co is in talks to merge its software assets with industrial software company Aspen Technology Inc, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. Emerson is discussing a deal to combine its software assets with Aspen Tech and gain majority […]
CASA GRANDE, Ariz. (Reuters) – U.S. startup Lucid Group Inc said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium models have stagnated. The California-based Lucid began production of its […]
FILE PHOTO: The mascot, the so-called Spirit of Ecstasy or Emily, is pictured on a Rolls Royce car displayed at the headquarters of Chabe, Chauffeured Cars Services, in Nanterre near Paris, France, July 2, 2020.REUTERS/Gonzalo Fuentes/File PhotoReuters BERLIN (Reuters) – Rolls-Royce will produce only electric cars by 2030, the luxury […]
BEIJING/HONG KONG (Reuters) -China’s central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system, the clearest sign yet the authorities could move to contain contagion risks from ailing developer China Evergrande. Once the epitome of an era of helter-skelter […]
HONG KONG (Reuters) -Shares of China Evergrande’s electric car unit plunged as much as 26% on Monday after it warned it faced an uncertain future unless it got a swift injection of cash and after it said it will not proceed with plans to issue RMB shares. The warning by […]
By Nick Carey and Giulio Piovaccari OXFORD (Reuters) – Speed has always been paramount for supercar makers, and now they’re in the race of their lives to go electric before climate policy cuts their combustion engines. That’s why the likes of Ferrari and Mercedes-Benz are turning to startups such as […]
MEXICO CITY (Reuters) – Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond its home market. Kavak’s chief executive, Carlos Garcia, told Reuters […]