Shareholders of U.S. Steel (U.S. Steel) as expected approved the acquisition offer proposed by Nippon Steel (Nippon Steel), which has a transaction amount of up […]
Category: Business
Exxon Mobil expects profit to fall in Q1
-US oil major Exxon Mobil expects first-quarter earnings to be lower than in the fourth quarter of last year, mainly due to lower oil and […]
Battle for proxy ends with Disney fending off Peltz
The battle for control of US entertainment giant Disney has ended with chief executive Robert Iger fending off a bid by activist investor Nelson Peltz.With […]
The union rejects Nippon Steel's proposal and does not support the purchase of United States Steel
The United Steelworkers (USW) said it had received a letter from Nippon Steel promising not to lay off employees until September 2026 after a successful […]
The founder of FTX, Sam Bankman-Fried, was sentenced to 25 years in prison.
The founder and CEO of the cryptocurrency trading platform FTX, Sam Bankman-Fried, was arrested on charges of fraud, conspiracy to defraud, and money laundering. After […]
SHEIN's net profit reportedly doubled to more than $2 billion last year
The Financial Times of the UK quoted insiders as reporting that the net profit of Chinese clothing e-commerce platform SHEIN (Xiyin) in 2023 increased by […]
Retail sales in Japan rose 4.6% in February, beating expectations
Retail sales in Japan rose 4.6% year-on-year in February, higher than the market's expected 3%. In addition, industrial production in February fell by 0.1% month-on-month, […]
South Korea plans to set up a supply chain fund to support the localization of urea
The South Korean government held a meeting to implement the pilot projects of the eight major industry supply chains. According to Yonhap News Agency, the […]
Panasonic sell autos business to Apollo Global
Panasonic of Japan sells its auto business subsidiary PAS to a fund managed by US private equity firm Apollo. Apollo said the price is equivalent […]
The US revises export restrictions on Chinese chips
The US revises export restrictions on Chinese chips, including laptops with advanced chipsThe US Department of Commerce revised and updated on Friday the export restriction […]