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By Selena Li HONG KONG (Reuters) – Europe’s largest asset manager Amundi has garnered more than $11 billion of assets from Chinese investors since it became the first foreign-controlled joint venture (JV) to launch operations in the country 15 months ago. Huihua Wealth Management, 55% owned by Amundi and the rest by a unit of… More

By Olzhas Auyezov ALMATY (Reuters) – Kazakh President Kassym-Jomart Tokayev said on Friday that constitutional order had mostly been restored in the Central Asian country hit by unrest this week, his office quoted him as saying in a statement. The Kazakh interior ministry said in a separate statement that 26 “armed criminals” had been “liquidated”… More

(Reuters) -Chip firm Advanced Micro Devices (NASDAQ:AMD) will acquire about $2.1 billion of silicon wafers from GlobalFoundries from 2022 through 2025 in an amended agreement, according to a regulatory filing on Thursday. AMD had agreed to buy $1.6 billion worth of chips between 2022 and 2024, according to a filing with the U.S. Securities and… More

SHANGHAI (Reuters) – A Chinese self-regulatory body overseeing the interbank market will support debt issuance by qualified developers to fund acquisitions of real estate projects and finance completion of unfinished buildings, the official Securities Times reported on Friday. The National Association of Financial Market Institutional Investors (NAFMII) held a meeting with Chinese developers on Friday… More

SHANGHAI (Reuters) – Chinese regulators have asked top executives of ride hailing giant Didi Global Inc to devise a plan to delist from U.S. bourses on data security fears, Bloomberg News reported. China’s tech watchdog wants the management to take the company off the New York Stock Exchange on concerns about leakage of sensitive data,… More

By Heekyong Yang SEOUL (Reuters) – General Motors Co (NYSE:GM) will launch 10 electric vehicles (EVs) for the South Korean market by 2025, but has no plans yet to manufacture EVs in the country, Steven Kiefer, the head of GM’s international operations said on Friday. The No.1 U.S. automaker, which warned last year that persistent… More

By Alun John HONG KONG (Reuters) – Asian shares and U.S. stock futures slipped on Friday, as Amazon (NASDAQ:AMZN) and Apple quarterly earnings bucked a recent strong trend and growth and inflation fears continued to weigh. Investors, particularly in bond and currency markets, are also worried about varied responses by central banks worldwide to rising… More

(Reuters) – Australia’s corporate regulator commenced civil proceedings against a unit of Insurance Australia Group on Friday, for failing to pass on discounts worth A$60 million ($44.51 million) to nearly 600,000 customers. The Australian Securities and Investments Commission (ASIC) alleged that Insurance Australia Limited (IAL) – the home, motor and landlord insurance arm of IAG… More

Upstart Holdings (NASDAQ:UPST) is a relatively young company in the tech space, founded in 2012 by former Google (NASDAQ:GOOGL) employees. Upstart provides a leading, cloud-based AI lending platform. The company’s platform essentially assesses consumer demand for high-quality loans and connects it to its network of AI-enabled bank partners. Such partners include First National Bank of… More

Williams-Sonoma, Inc. (NYSE:WSM) is an omnichannel specialty retailer offering a broad range of home goods, such as cooking, dining, and entertaining products. The company is on the right side of inflation. Recently, the home goods retailer hiked its dividend by 20% to 0.71 per share. This could help protect investor income from inflation, which has… More

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba (NYSE:BABA) Group Holding Ltd said on Sunday it has suspended several staff following an employee’s allegations on the company’s intranet that she was sexually assaulted by her boss and a client. The woman’s account, published via an eleven-page PDF that went on to circulate widely online, prompted a… More

By Alun John and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings on Monday reported forecast-beating first-half pretax profit that more than doubled from a weak performance last year when it made huge provisions for pandemic-related bad loans. Encouraged by an economic rebound in Hong Kong and Britain, its two biggest markets, HSBC reinstated dividend payments… More

BENGALURU (Reuters) – Amazon.com Inc (NASDAQ:AMZN)’s India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources. Shares of Mumbai-headquartered Inox jumped as much as 14.3% to 346.20 rupees in early trade after… More

By Anshuman Daga and Scott Murdoch SINGAPORE (Reuters) – Indonesian e-commerce firm Bukalapak has raised $1.5 billion in its initial public offering, the country’s largest issue, after pricing it at the top of an indicated price range, three sources familiar with the matter said on Wednesday. The IPO by Indonesia’s fourth-biggest e-commerce company, which is… More