Business
Analysis-BHP's proposed bid for Anglo American is a big bet on copper
By Siyi Liu and Mai Nguyen BEIJING/HANOI (Reuters) - BHP Group's proposed $39 billion buyout of Anglo American is a big bet on copper that could spark a scramble for mining assets as a bullish demand outlook and tight supply for a mineral crucial ...
Tech companies plug into India's smaller cities for talent
By Sai Ishwarbharath B and Haripriya Suresh MADURAI/BENGALURU (Reuters) - Indian engineer B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. After the pandemic, the 47-year-old moved to ...
China's largest auto show showcases all-electric future, local brands dominate
By Kevin Krolicki, Zoey Zhang, Sarah Wu and Qiaoyi Li BEIJING (Reuters) - China's largest auto show opened in Beijing on Thursday with the biggest names showing off their latest electric vehicles (EVs), underlining how the world's largest auto ...
Four South Korean budget airlines submit bids for Asiana cargo unit, media says
SEOUL (Reuters) - Four South Korean low-cost carriers remain in the race to buy Asiana Airlines' cargo business, South Korean media reported on Thursday. Jeju Air, Eastar Jet, Air Premia and Air Incheon submitted bids in the second round of bids ...
BHP Group makes $38.8 billion play for Anglo American, copper in focus
(Reuters) - BHP Group said it made an offer to buy London-listed miner Anglo American, valuing its share capital at 31.1 billion pounds ($38.84 billion), a deal that would create the world's biggest copper miner with around 10% of global output.
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range
BEIJING (Reuters) - Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron phosphate (LFP) battery with a driving range of more than 1,000 kilometres (621 miles) on a single charge. The Shenxing Plus is the world's ...
South African rand little changed before producer inflation data
JOHANNESBURG (Reuters) - The South African rand was little changed in early trade on Thursday, as traders looked ahead to the release of domestic producer inflation figures. At 0615 GMT, the rand traded at 19.1950 against the dollar, not far from ...
China's version of Neuralink unveiled at tech forum
BEIJING (Reuters) - A Chinese state-backed company on Thursday unveiled a brain chip similar to the technology developed by Elon Musk's startup Neuralink. The company, Beijing Xinzhida Neurotechnology, developed a brain-computer interface (BCI) ...
Meta shares plunge as prolonged AI spending plans unnerve investors
(Reuters) - Meta Platforms' shares plunged 14% in premarket trading on Thursday as the social media firm's comments around prolonged spending on artificial intelligence unnerved investors. The company's dour expense and revenue forecast on ...
Japan brokerage Daiwa's Q4 profit more than doubles as markets recover
TOKYO (Reuters) -Daiwa Securities Group, Japan's second largest brokerage and investment bank, reported on Thursday a 131% year-on-year jump in quarterly net profit, helped by a record strong results in its asset management, wholesale and retail ...