Elliott takes $1 billion stake in Anglo American as miner faces takeover interest
Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC.
Manufacturing asian news
Vietnam parliament chief, Vuong Dinh Hue, quits over ‘violations’ in latest leadership upheaval
The chairman of Vietnam’s parliament Vuong Dinh Hue has resigned over his “violations and shortcomings”, its government said on Friday, in a new sign of political turbulence just weeks after the high-profile dismissal of the country’s president.
Toyota invest $1.4 billion to bolster EV output in U.S.
TOKYO -- Toyota Motor announced Friday that it will invest $1.4 billion to start production of electric vehicles at its factory in the U.S. state of Indiana in 2026, increasing its EV capacity in North America.
India 'confident' new EV policy measures will allow more foreign players to enter market
India is confident that its new electric vehicle policy measures will open up the market to more global players, said the country's secretary of the Department of Promotion of Industry and Internal Trade.
Tesla’s India electric vehicle plans on track despite Elon Musk postponing Modi meeting
But days before Musk’s much-anticipated visit to India, he backed out.
Apple moves closer to China despite supply chain shifts
TAIPEI -- Apple is deepening its ties with China even as it further expands production in Southeast Asia and India, highlighting the balancing act the iPhone maker is striking between politics and business.
Intel shares fall after providing weak forecast for the current quarter
Intel reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, but came up light in sales. Intel gave a weak forecast for the current quarter.
Honda Commits to E.V.s With Big Investment in Canada
Honda Motor on Thursday said it and several suppliers would invest $11 billion to build batteries and electric cars in Ontario, a significant commitment from a company that has been slow to embrace the technology.