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Xiaomi Corporation, commonly known as Xiaomi and registered as Xiaomi Inc., is a Chinese designer an
  • by India will entice manufacturers with a pilot project for electronics repair.
  • May 31, 2023
India will entice manufacturers with a pilot project for electronics repair.

This week, India will launch a pilot initiative to develop itself as a hub for electronics repair by loosening onerous import-export rule, a move that may entice tech giants like Flex (FLEX.O) to grow such operations in the nation.

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Hyundai Motor Company, often abbreviated to Hyundai Motors and commonly known as Hyundai, is a South
  • by $4.3 billion EV battery plant will be built in the United States by Hyundai Motor Group and LG Energy
  • May 26, 2023
$4.3 billion EV battery plant will be built in the United States by Hyundai Motor Group and LG Energy

The electric vehicle (EV) battery facility will be built in the United States with a combined investment of $4.3 billion from LG Energy Solution (373220.KS) and Hyundai Motor Group of South Korea.

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Banking

Millennium bcp's profit nearly triple in Portugal.

The largest publicly traded bank in Portugal, Millennium bcp (BCP.LS), reported on Monday that stringent cost controls and rising interest rates were to blame for a 90.5% increase in first-quarter consolidated net profit.

Westpac sees a profit increase, but abandons its cost-cutting goal as inflation increases

Australia's Westpac Banking Corp (WBC.AX) on Monday dropped a cost-cutting goal, blaming inflation, but after easily exceeding first-half profit projections, investors drove the stock higher.

As rate increases hurt margins, Australia's ANZ looks beyond housing.

As profits from its institutional arm surpassed those from its home lending division on Friday, Australian lender ANZ Banking Group Ltd (ANZ.AX) announced that it was expanding beyond the competitive residential mortgage market.

First Republic Bank's assets will be sold to JP Morgan after a U.S. regulator seizes it.

In what is the third significant U.S. bank failure in two months, the California Department of Financial Protection and Innovation (DFPI) said on Monday that it had closed First Republic Bank (FRC.N) and reached an agreement to sell its assets to JPMorgan Chase & Co (JPM.N) and National Association.

Deutsche Bank will pay $511 million to acquire institutional brokerage Numis.

As the German company strengthens ties with the UK corporate customer segment, Numis Corp (NUM.L), a London-based institutional stockbroker and corporate advisor, stated on Friday that it will be acquired by it for around 410 million pounds ($511.2 million).