Meituan Joins AI Race by Buying Co-Founder’s Months-Old Firm
Meituan is buying a co-founder’s generative AI startup for almost $234 million, a deal that gets the food-delivery
2023-06-30 08:51
Workers at key Boeing supplier vote to end strike
Spirit AeroSystems, a key supplier to Boeing, is set to reopen next week after members of the International Association of Machinists voted Thursday to ratify a tentative labor agreement and end a week-long strike.
2023-06-30 08:51
Oil Heads for First Back-to-Back Quarterly Decline Since 2019
Oil was on track for its first back-to-back quarterly loss since 2019 as persistent concerns over the demand
2023-06-30 08:48
Tokyo Inflation Speeds Up Again as Japan Production Sputters
Inflation in Tokyo re-accelerated for the second time in three months in June, an outcome that supports expectations
2023-06-30 08:18
KKR sweetens Circor offer again in bidding war with Arcline
Circor International said on Thursday that KKR & Co had raised its offer for the industrial machinery maker
2023-06-30 07:59
New Mexico regulators fine oil producer $40 million for burning off vast amounts of natural gas
New Mexico oilfield and air quality regulators announced unprecedented fines against a Texas-based oil and natural gas producer on accusations that the company flouted local pollution reporting and control requirements as it burned off vast amounts of natural gas
2023-06-30 07:51
Western Global Founder Buys Debt in Bid to Keep Airline Afloat
Western Global Airlines LLC founder and Chief Executive Officer Jim Neff bought the cargo airline’s deeply distressed secured
2023-06-30 07:50
Wanda Faces Key Payment Test as Bond Setback May Revive Concerns
Dalian Wanda Group Co., one of China’s largest private conglomerates, is set to face its biggest bond-repayment test
2023-06-30 07:28
South Korea May factory output unexpectedly jumps
SEOUL South Korea's factory production unexpectedly jumped in May, official data showed on Friday, while retail sales also
2023-06-30 07:27
UK Business Confidence Rebounds to a 13-Month High, Lloyds Says
UK business confidence rose to a 13-month high in June as firms shrugged off another Bank of England
2023-06-30 07:24
China’s Economic Woes Are Multiplying — and Xi Jinping Has No Easy Fix
It was meant to be the year China’s economy, unshackled from the world’s strictest Covid-19 controls, roared back
2023-06-30 07:24
Analysis-Threat of 'down rounds' spur private credit funds in Asia
By Yantoultra Ngui SINGAPORE From India to Singapore, Asia is seeing a boom in private credit funds looking
2023-06-30 07:21