Sony Q2 gaming profit tumbles 50% on higher costs

BENGALURU, Nov 1 (Reuters) - Alphabet Inc’sGoogle is pausing its policy that requires app developers to use its Google Play billing system for buying digital goods and services in India, following a ruling by the country’s antitrust body.

Google pauses enforcement of in-house billing system in India on antitrust directive

Oct 31 (Reuters) - Billionaire Elon Musk said on Monday he would be the chief executive officer of Twitter, the social company he recently acquired for $44 billion.

Elon Musk says he will be Twitter CEO

Tesla will showcase its entire "S3XY" family of vehicles at the China International Import Expo on November 5. The post Tesla to present Model S Plaid and Model X Plaid in China appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla to present Model S Plaid and Model X Plaid in China

Oct 28 (Reuters) -

* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD FILES FOR U.S. IPO OF 5 MILLION ORDINARY SHARES – SEC FILING
* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD - EXPECT THE OFFERING PRICE TO BE BETWEEN $4.00 AND $5.00 PER ORDINARY SHARE
* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD - HAVE APPLIED TO LIST ORDINARY SHARES ON NASDAQ CAPITAL MARKET UNDER SYMBOL “MGIH.”
* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD SAYS NETWORK 1 FINANCIAL SECURITIES, INC IS UNDERWRITER TO IPO

Millennium Group International Holdings Ltd Files For U.S. IPO Of 5 Million Ordinary Shares – SEC Filing

Investors who stuck it out for Musk's Twitter deal set to reap rewards

Oct 28 (Reuters) -

* FAST-FASHION JUGGERNAUT SHEIN’S SALES CLOSE IN ON ZARA, H&M - WSJ
* ONLINE RETAILER SHEIN IS ON TRACK TO GENERATE REVENUE OF $24 BILLION THIS YEAR -WSJ Source text: https://tinyurl.com/r9uj9a75 Further company coverage: [ ]
((reuters.briefs@thomsonreuters.com;))

Fast-Fashion Juggernaut Shein’S Sales Close In On Zara, H&amp;M - WSJ

Oct 26 (Reuters) - Chijet Motor Co has agreed to go public in the United States through a merger with a blank-check company that values the Chinese automaker at $1.6 billion, the companies said on Wednesday.

Chinese automaker Chijet plans U.S. listing via $1.6 billion blank-check deal

Oct 25 (Reuters) - Apple Incis cutting back production of iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro due to lukewarm demand, market research firm TrendForce said Tuesday.

Apple is cutting back production of iPhone 14 Plus due to weak demand - TrendForce

Microsoft powers up search for Chinese gaming hits in race against Sony

Analyst: Wolfspeed Stock Could Jump 50% or More

The US remains Tesla's largest market, contributing 47.73 percent of revenue in the third quarter. The post Tesla sees 24% of Q3 revenue come from China appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla sees 24% of Q3 revenue come from China

Last Wednesday, if you somehow had a premonition that the Consumer Price Index (CPI) was NOT going to show signs of cooling but instead surprise to the upside to bring core CPI to its highest annual pace in four decades, you would have expected markets to tumble on Thursday.And you would have been right until about 11 a.m.

Uncertainty Is the Name of the Financials Markets Game

Oct 20 (Reuters) -

* INSTACART IS LIKELY TO POSTPONE ITS PLANS TO GO PUBLIC IN 2022 - SOURCE

Instacart Is Likely To Postpone Its Plans To Go Public In 2022 - Source

Oct 20 (Reuters) -

* INTERNAL MEMO FROM TWITTER SENT AROUND TONIGHT SAYS "NO PLANS FOR ANY COMPANY-WIDE LAYOFFS." - BLOOMBERG NEWS REPORTER TWEET Source text: https://bit.ly/3SlkGkn
((Reuters.Briefs@thomsonreuters.com;))

Internal Memo From Twitter Sent Around Tonight Says &#34;No Plans For Any Company-Wide Layoffs&#34; - Bloomberg News Reporter Tweet

Netflix targets global TV ad market as next business to disrupt

The battery production center is BMW's third in the world and its first outside Germany. The post BMW to expand its battery production facility in China, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.

BMW to expand its battery production facility in China, report says

BEIJING, Oct 14 (Reuters) - China’s consumer prices in September rose at the fastest pace since April 2020, mainly driven by food prices, limiting the scope for more central bank easing to prop up a faltering economy hit by COVID-19 restrictions and a property sector slump.

China's Sept CPI rises at fastest pace since April 2020

Oct 13 (Reuters) - McDonald's Corp:
* MCDONALD'S RAISES QUARTERLY CASH DIVIDEND BY 10%
* MCDONALD'S PROPOSES QTRLY CASH DIVIDEND $1.52 PER SHARE OF COMMON STOCK

McDonald's Raises Quarterly Cash Dividend By 10%

A Chinese consumer who pre-ordered the Model S Plaid received a notice from Tesla to make the final payment in order to prepare for delivery. The post Tesla readies for Model S Plaid delivery in China appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla readies for Model S Plaid delivery in China

Oct 12 (Reuters) - Elon Musk’s SpaceX is set to seek a permit for Starlink services in India under its Starlink brand, the Economic Times reported on Wednesday, citing people with knowledge of the matter. The company will also seek statutory approvals from the government for landing rights and market access, the report said.

SpaceX to seek permit for Starlink services in India - Economic Times

LONDON, Oct 11 (Reuters) - Emerging market stocks hit their lowest level since the initial COVID-19 selloff in April 2020 on Tuesday as a wider downturn in risk assets continued.
MSCI’s benchmark EM index (.MSICEF) fell to 866.41 points in a third day of falls. The index is on track for a near-30% tumble year-to-date, its worst year since the 2008 global financial crisis.

Emerging market stocks hit lowest since April 2020, on track for 30% annual drop

Vehicles produced at Tesla factories are typically used for export at the beginning of the quarter and for local deliveries at the end of the quarter. The post Tesla delivers 77,613 vehicles in China in Sept, second highest on record appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla delivers 77,613 vehicles in China in Sept, second highest on record

Amazon.com to invest over 1 bln euros in European electric van, truck fleet

Tesla's China-made sales hit record following Shanghai factory upgrade

(Repeats story first published on Friday.)

Wall St Week Ahead-Stay sidelined or scoop up stocks? Investors weigh choice as market slides

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple & Amazon.

Top Wall Street analysts pick these stocks as the market grows increasingly uncertain

NIO's chip team is developing high-level self-driving chips and LiDAR chips, with self-driving chips likely to start being used in production vehicles as early as around 2024, according to local media. The post NIO working on self-driving and LiDAR chips with team size of nearly 300, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO working on self-driving and LiDAR chips with team size of nearly 300, report says

SAO PAULO, Oct 7 (Reuters) - The Brazilian unit of power company China Three Gorges is expected to file this month for an IPO aiming to raise $1 billion, three sources with knowledge of the matter said.

Brazilian unit of China Three Gorges to file for $1 billion IPO this month- sources

SYDNEY, Oct 7 (Reuters) - Australian software mogul Mike Cannon-Brookes was named chairman on Friday of clean energy start-up Sun Cable, which is seeking to secure funds for a proposed A$30 billion-plus ($19.3 billion-plus) solar power export project.

Australian tech billionaire to chair $20 bln solar power export project

Oct 4 (Reuters) - Emerson Electric Cois in talks with U.S. buyout firm Blackstone Incto sell a part of its commercial and residential solution business assets, Bloomberg News reported on Tuesday citing people familiar with the matter.

Blackstone in talks to buy Emerson's assets for up to $10 bln - Bloomberg News

品玩 9 月 30 日讯，据交通运输部消息，9 月 30 日，交通运输新业态协同监管部际联席会议办公室对满帮集团、货拉拉、滴滴货运、快狗打车 4 家互联网道路货运平台公司进行了约谈。约谈指出，近期通过网民留言、群众来电来信等渠道发现，部分平台公司依然存在多重收费、压价竞争、拖欠货车司机运费等问题，损害了货车司机合法权益。同时，为落实好第 189 次国常会会议精神，切实保持运输价格相对稳定，让广大货车司机享受通行费减免的红利，对 4 家平台公司提出了相关要求。各平台公司表示，将按照约谈要求，举一反三，认真履行企业主体责任，扎实整改，畅通货车司机投诉举报渠道，有效解决拖欠运费等突出问题，坚决杜绝恶意压价竞争，切实保障货车司机合法权益，确保货车司机享受通行费减免的政策红利，着力维护行业安全稳定发展大局。

交通运输部约谈满帮集团、货拉拉、滴滴货运、快狗打车，要求不得恶意压价竞争

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) bought another 5.99 million shares of Occidental Petroleum Corp (OXY.N) , boosting its stake to 20.9% after the oil company’s shares lost about a fifth of their value in less than a month.

Buffett's Berkshire Hathaway buys 5.99 mln more Occidental shares

Door slams on Fed 'put' as market pain takes back seat to inflation fight

Toyota to start selling small electric sedan in China by year-end - sources

Soaring energy costs are an obstacle to NIO's rollout of battery swap stations in Europe, and slower-than-expected planning approvals are also hindering the rollout. The post Energy crisis slowing NIO's expansion in Europe, says William Li appeared first on CnEVPost. For more articles, please visit CnEVPost.

Energy crisis slowing NIO's expansion in Europe, says William Li

Sept 27 (Reuters) -

* TIKTOK OWNER BYTEDANCE APPROVES US$3 BILLION SHARE BUY-BACK - SCMP Source text - https://bit.ly/3dP5OMU Further company coverage: [ ]
((Reuters.Briefs@thomsonreuters.com;))

Tiktok Owner ByteDance Approves $3 Bln Share Buy-Back - SCMP

(Repeats SCHEDULED COLUMN originally published on Sept 23, no changes)

Wall St Week Ahead-Investors wonder when vicious sell-off in U.S. stocks will end

SHANGHAI, Sept 21 (Reuters) - Chinese electric-car startup Niois looking to grab a share of Europe’s growing market for electric vehicles by rolling out a battery leasing and swapping network to cut costs for users, its president told Reuters.

China's Nio takes on BMW, Mercedes in home market with flexible battery plan

Sept 20 (Reuters) -
* BOEING TO CUT ABOUT 150 FINANCE JOBS IN THE U.S.- WSJ Source text : https://on.wsj.com/3qRA8JJ

Boeing To Cut About 150 Finance Jobs In The U.S.- WSJ

Sept 15 (Reuters) - Parazero Technologies Ltd:
* PARAZERO TECHNOLOGIES LTD SEES U.S. IPO OF 3.04 MILLION UNITS PRICED BETWEEN $5.20 AND $7.20 PER UNIT - SEC FILING Further company coverage:

Parazero Technologies Sees U.S. IPO Of 3.04 Million Units Priced Between $5.20 And $7.20 Per Unit - SEC Filing

Sept 15 (Reuters) - Tencent Music Entertainment Group

Tencent Music Entertainment Says Dealings In Class A Ordinary Shares On HKSE Expected To Start On Sept 21

AIG unit Corebridge raises $1.68 bln in year's largest IPO

WASHINGTON, Sept 12 (Reuters) - The chair of the Senate Judiciary Committee and the top Republican on Monday said they had invited here

U.S. Senate panel invites Twitter CEO to testify, seeks whistleblower answers

WASHINGTON (AP) — President Joe Biden is launching a new initiative to encourage biotech production and research in the U.S., the latest move by the White House to boost domestic industry.

Biden to announce new support for US biotech production

FRANKFURT, Sept 9 (Reuters) - Chinese battery manufacturer SVOLT Energy Technology on Friday unveiled plans to build an additional cell assembly in Germany to supply electric vehicles, picking the state of Brandenburg - also home to Tesla’sgigafactory - as a location.

China's SVOLT picks same German state as Tesla for second battery cell plant

品玩 9 月 9 日讯，据界面新闻援引路透社，三位知情人士和一封内部电子邮件透露，冬海集团旗下的电子商务部门周四告诉员工，它将关闭智利、哥伦比亚和墨西哥的本地业务，并完全退出阿根廷市场。知情人士表示，这家总部位于新加坡的公司将在前三个市场保留跨境业务，但将削减在这些国家的大部分团队。一封内部电子邮件显示，Shopee 首席执行官 Chris Feng 写信给员工称，“鉴于当前宏观经济不确定性加剧”，该公司需要 “将资源集中在核心业务上”，并决定专注于 Shopee 墨西哥、哥伦比亚和智利的跨境业务。另一位消息人士表示，冬海集团领导层已向 Shopee 负责人发出内部指令，要求其在 2023 年前在东南亚主要市场实现盈利。

Shopee 或将退出阿根廷市场

Tesla triples deliveries of China-made cars after upgrade in Shanghai plant

SHANGHAI, Sept 8 (Reuters) - U.S. electric vehicle maker Teslasold 76,965 China-made cars in August, including 42,463 for export, the China Passenger Car Association (CPCA) said on Thursday. Overall passenger car sales in August in China totalled 1.9 million, up 28.9% from a year earlier, the CPCA said.

Tesla sold 76,965 China-made vehicles in August -CPCA

With the exception of the entry-level Model Y, which has a wait time of 1-4 weeks, Tesla has further reduced the expected delivery dates for all of its models in China by 6 weeks. The post Tesla further cuts wait times for nearly all models in China by 6 weeks appeared first on CnEVPost. For more articles, please visit CnEVPost.