MTPIX

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 …

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Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Crypto lender BlockFi files for bankruptcy, cites FTX exposure Filing follows weeks after FTX collapse FTX listed as BlockFi’s No.2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest industry casualty after the firm was hurt …

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Exclusive: Tesla reads revamped Model 3 with project ‘Highland’ -sources

Exclusive: Tesla reads revamped Model 3 with project ‘Highland’ -sources Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the five-year -old electric sedan. One focus …

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Elon Musk says Twitter’s verified service with colors to start next week

Elon Musk says Twitter’s verified service with colors to start next week Nov 25 (Reuters) – Twitter Inc is planning to roll out its verified service next Friday with different colored checks for individuals, companies and governments, after a botched initial launch led to a surge in users impersonating celebrities and brands on the platform. …

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Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone …

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Foxconn apologises for pay-related error at China iPhone plant after worker unrest

Foxconn apologises for pay-related error at China iPhone plant after worker unrest Foxconn says it is working with staff to resolve disputes Major iPhone factory rocked by protests over pay, terms Apple says it has team on the ground in Zhengzhou TAIPEI/SHANGHAI, Nov 24 (Reuters) – Foxconn (2317.TW) said on Thursday a pay-related “technical error” …

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Russia revives Soviet-era Moskvich brand with Chinese model

Russia revives Soviet-era Moskvich brand with Chinese model This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 23 (Reuters) – After a two-decade hiatus, Russia on Wednesday launched production of the Moskvich car brand at a plant near Moscow given up by the French carmaker …

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Sony to expand Chinese game incubator in Microsoft head-to-head

Sony to expand Chinese game incubator in Microsoft head-to-head HONG KONG, Nov 23 (Reuters) – Sony Group Corp (6758.T) said it plans to expand a program to identify and incubate Chinese-made games, in a race with Microsoft Corp (MSFT.O) to tap China’s gaming market. The program will invest more than 1 million yuan ($140,080) in …

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Stick-wielding men smash surveillance cameras at China iPhone plant

Stick-wielding men smash surveillance cameras at China iPhone plant SHANGHAI, Nov 23 (Reuters) – Men wielding sticks smashed surveillance cameras and windows at a massive campus owned by Apple (AAPL.O) supplier Foxconn (2317.TW) in the Chinese city of Zhengzhou, scenes broadcast live on the Kuaishou short video platform showed on Wednesday. Hundreds of workers protested …

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