Eurasia

Seven & I Holdings Co., Ltd. (OTC:SVNDF) (OTC:SVNDY) is contemplating a potential listing of Ito-Yokado as it seeks to separate it from its more lucrative 7-Eleven franchise. The company plans to create a globally integrated CVS management structure, including Japan and North America, with a...

Lloyds Banking Group plc (NYSE:LYG) is reportedly restructuring its risk management division after an internal review. The restructuring will result in the reduction of about 175 roles that are facing redundancy, including about 150 in risk, as per Bloomberg, which cited a person familiar...

Bayerische Motoren Werke AG (OTC:BMWYY) BMW Group delivered 594,671 vehicles to customers (+1.1% Y/Y) in the first quarter of this year.  BMW Group BEV delivered 82,700 fully-electric BMW, MINI, and Rolls-Royce vehicles (+ 27.9% Y/Y) in the first three months of the year,...

Volkswagen AG (OTC:VWAGY) reported a 3% year-on-year increase in first-quarter FY24 deliveries to 2.10 million vehicles. The growth was driven by an 8% increase in China, a 14% jump in South America, and a 5% climb in North America. Deliveries of vehicles with combustion engines...

Chinese automaker XPeng Inc (NYSE:XPEV) is expanding its footprint through a dealer partnership with Sime Darby Motors in Hong Kong. Under the partnership, XPeng will be able to bring its latest smart EVs to local consumers in the Hong Kong market with branded showrooms and...

HSBC Holdings plc’s (NYSE:HSBC) wholly-owned subsidiary, HSBC Latin America B.V., inked a binding agreement to sell its business in Argentina to Grupo Financiero Galicia (NASDAQ:GGAL). As per the terms, Galicia will acquire all of the bank’s Argentina business...

Blackstone Inc. (NYSE:BX) and L’Occitane’s owner Reinold Geiger are reportedly close to privatizing the skin-care company. If the deal takes place, it will potentially terminate L’Occitane’s 14-year run on Hong Kong’s stock exchange, Bloomberg ...

BP p.l.c. (NYSE:BP) shares are trading higher after the company reported a trading update for the first quarter of 2024. The British oil major expects upstream production to be higher than the prior quarter, with production projected to be higher in oil production & operations...

Spirit Airlines, Inc. (NYSE:SAVE)has reached an agreement with Airbus SE (OTC:EADSY) to defer all aircraft on order that are scheduled to be delivered in the second quarter of 2025 through the end of 2026 to 2030-2031. The agreement is expected to improve Spirit’s...

Shares of U Power (NASDAQ:UCAR) are shooting higher after the company announced a commercial roll out of its battery-swapping and sharing model. The battery-swapping and sharing model for two-wheeled and light four-wheeled electric vehicles (EVs) is expected to make a commercial...

Ferrari NV (NYSE:RACE) has unveiled E-Cells Lab, a research center for electrochemistry within the University of Bologna. The laboratory, set up under the university’s scientific direction, aims to build knowledge of the materials, and the chemical and physical properties, of lithium cells....

Toyota Motor Corp (NYSE:TM) and Daihatsu Motor Co., Ltd have decided to reform the overseas business structure of both companies. Toyota plans to make Daihatsu a mobility company centered on mini vehicles going forward. The Emerging-market Compact Car Company, which spanned...

TotalEnergies SE (NYSE:TTE) disclosed the acquisition of the 20% stake held by Lewis Energy Group in the Dorado leases operated by EOG Resources, Inc.(NYSE:EOG) (80%) in the Eagle Ford shale gas domain. This move is expected to increase TotalEnergies’ natural gas production...

Blank check company JVSPAC Acquisition Corporation (NASDAQ:JVSA) has entered into a merger agreement with the Singapore-headquartered subsidiary of Philippine-listed investment company DoubleDragon Corporation, Hotel101 Global Pte. Ltd. and affiliates. Hotel101 is a hotel prop-tech...

McDonald’s Corp (NYSE:MCD) is set to take over its chain of restaurants in Israel from its operator, Alonyal Ltd.  Alonyal took up the McDonald’s franchise more than 30 years ago and has about 225 restaurants with about 5,000 employees. Upon completion of the...