Edition:
International

Ankit Ajmera

China's ride-hailing giant Didi sets stage for mega New York float

Jun 11 2021

Didi Chuxing, China's biggest ride-hailing firm, on Thursday made public the filing for its long-anticipated U.S. stock market listing, setting the stage for what is expected to be the world's biggest initial public offering this year. | Video

Developer officially cancels Keystone XL pipeline project blocked by Biden

Jun 09 2021

A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday.

Electric truck maker Lordstown warns of going concern risk; shares tank

Jun 09 2021

(Reuters) -U.S. electric truck maker Lordstown Motors Corp said on Tuesday there was "substantial doubt" about its ability to continue as a going concern in the next year because of problems funding the production of its vehicle, causing its shares to plummet.

SEC letters claim Tesla failed to oversee Musk's tweets - WSJ

Jun 02 2021

U.S. securities watchdog told Tesla Inc last year that Chief Executive Officer Elon Musk's use of Twitter had twice violated a settlement requiring his tweets to be preapproved by company lawyers, the Wall Street Journal reported on Tuesday.

Wall St sees chance of higher bid for Kansas City Southern from Canadian Pacific

May 14 2021

(Reuters) -Wall Street is expecting Canadian Pacific to raise its offer for Kansas City Southern even at the cost of more debt to win the bidding war with larger Canadian railroad rival Canadian National.

U.S. auto part makers brace for a bumpy ride as chip shortage to intensify

May 07 2021

(Reuters) -U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding in a partial recovery of lost sales.

U.S. auto part makers brace for a bumpy ride as chip shortage to intensify

May 07 2021

May 7 U.S. auto parts suppliers warned of more production cuts at major automakers as a global semiconductor chip shortage worsens before easing in the second half of the year and aiding in a partial recovery of lost sales.

Aptiv CEO: Electric vehicle demand is accelerating

May 06 2021

(Reuters) -Auto technology supplier Aptiv Plc on Thursday reported better-than-expected quarterly profits, and Chief Executive Kevin Clark said the company will benefit from a surge in new electric vehicle projects at major auto manufacturers.

Low depreciation, higher rates give U.S. car rental firms rare perfect script

May 04 2021

When Rob Ferretti of car rental firm Gothamdreamcars looked up the selling price for a 2018 Mercedes-Benz G-Class SUV, part of his luxury 25-vehicle fleet, he was elated it could fetch over $130,000 - nearly the same price paid three years ago.

Boeing halts 737 MAX deliveries due to electrical issues, shares fall

Apr 28 2021

(Reuters) -Boeing Co on Wednesday confirmed a halt on 737 MAX deliveries after electrical problems re-grounded part of the fleet, and voiced concerns over a surging pandemic in India and U.S.-China political tensions. | Video

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