Category: Business
Nvidia targets automakers’ 2024 models with driver-assistance hardware system
Nvidia Corp (NVDA.O) on Tuesday said it was partnering with a range of self-driving sensor companies, including lidar firm Luminar Technologies (LAZR.O), to put together a system that automakers can use for driver safety...
APEC ministers call for recovery support, curbs on fishing, farm, fuel subsidies
Pacific Rim trade and foreign ministers on Tuesday pledged to sustain the recovery from the coronavirus pandemic while pursuing talks to curb subsidies for fisheries and agriculture at a forthcoming World Trade Organization meeting....
EV maker Rivian prices IPO above range to raise over $11.9 bln
Amazon-backed electric vehicle (EV) maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise more than $11.93 billion, the company said on Tuesday. The...
Volkswagen plans farewell to legendary Santana model in China
Volkswagen plans to stop making Santana cars in China, bidding farewell after over three decades to its first Chinese-made model that became a symbol of the country’s rising middle class and helped fuel the...
Smartphone maker Xiaomi switches China playbook with eye toward EV showrooms
Chinese smartphone maker Xiaomi Corp (1810.HK) is revamping its playbook in its home country by opening thousands of new stores to spur domestic sales growth in a highly competitive market, and provide a channel...
Tycoon Richard Li’s FWD considers shifting US IPO to Hong Kong
Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct knowledge of the...
Australia’s banks in mortgage book reshape as rate hikes loom
Australian banks are offering lower variable-rate home loans even as funding costs rise in an attempt to lure customers away from fixed-rate mortgages and benefit from eventual increases in the overnight cash rate, analysts...