(Reuters) -BlackRock, the world’s biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors to get exposure to the cryptocurrency, as the asset class comes under intense regulatory scrutiny. BlackRock’s iShares Bitcoin Trust will use Coinbase Custody as its custodian, according to a filing with the U.S. Securities and …
BlackRock files for bitcoin ETF in push into crypto Read More »
BENGALURU (Reuters) -India’s Reliance Industries is in talks with foreign-currency loan lenders to raise up to $2 billion to fund the expansion of its oil-to-telecom conglomerate, Bloomberg News reported on Thursday, citing sources. Reliance, led by billionaire Mukesh Ambani, plans to use India’s dedicated external commercial borrowing route to secure the loan, the report said. …
India’s Reliance to raise up to $2 billion to fund expansion -Bloomberg News Read More »
WASHINGTON (Reuters) – U.S. National Security Advisor Jake Sullivan and his Indian counterpart discussed steps to advance the two countries’ strategic technology and defense partnership during a visit by Sullivan to New Delhi this week, the White House said on Thursday. The two also discussed preparations for an upcoming visit by Indian Prime Minister Narendra …
US, India discussed advancing defense ties during Biden aide’s visit -White House Read More »
(This June 14 story has been corrected to say that the Mirage 2000s first flew in the 1980s, not 1967, in paragraph 5) JAKARTA (Reuters) – Indonesia confirmed on Wednesday it had bought 12 Mirage 2000-5 fighter jets previously used by Qatar, defending the nearly $800 million deal as a fast way to upgrade the …
Indonesia confirms buying used fighter jets for $800 million after deal criticised Read More »
By Abhirup Roy SAN FRANCISCO (Reuters) – Nikola’s top shareholder and founder, Trevor Milton, on Thursday urged investors to vote against the electric truck maker’s proposal to increase the number of shares it is allowed to issue and called for a change in leadership. Nikola said Milton’s social media post “misstates the facts,” adding in …
Nikola founder urges vote against critical share proposal Read More »
BEIJING (Reuters) – China will speed up the process to allow private firms to access infrastructure of major national scientific research projects and will encourage private businesses to participate in key supply chain projects, a state planner spokesperson said on Friday. Private fixed-asset investment shrank 0.1% in the first five months of the year, a …
China encourages private firms to participate in key supply chain projects Read More »
HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng Inc on Thursday expanded its self-driving capability to Beijing as part of the automaker’s expanded launch of City NGP (Navigation Guided Pilot) across the mainland. City NGP is now available in Guangzhou, Shenzhen, Shanghai and Beijing, with plans to expand it to dozens of cities within …
China’s Xpeng expands self-driving capability to Beijing, eyes wider expansion Read More »
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major shopping festival after the pandemic, offering steep discounts to entice frugal consumers in more worrying signs for an economy struggling to build momentum. The 618 festival, named after the founding date of JD.com but embraced …
Chinese e-commerce giants entice cautious consumers with steep mid-year discounts Read More »
(Reuters) – An oppressive heat wave settled over a wide swath of the U.S. South on Thursday, bringing record-breaking temperatures that topped 100 degrees Fahrenheit (38 Celsius) in many spots and creating dangerously hot conditions from Texas to Florida. At midday, more than 35 million people in southern Texas, Louisiana and Florida were under excessive …
Brutal heat wave to scorch US South through holiday weekend Read More »
TOKYO (Reuters) -Nissan Motor’s Chief Operating Officer Ashwani Gupta will leave the Japanese automaker later this month to pursue other opportunities after helping to steer a turnaround plan aimed at streamlining operations, the company said on Friday. Nissan plans to announce a new executive line-up on June 27, coinciding with his departure, it said in …
Nissan operations chief Gupta, once seen as CEO candidate, to leave company Read More »
