Lotus Technology, the technology arm of sports car brand Lotus, said on Wednesday it had completed a fundraising that valued the business at nearly $4.5 billion. The unit, part of…
Category: Business
China Evergrande mulls asset transfer to property unit for debt payment
China Evergrande Group (3333.HK) said on Wednesday it was considering transferring some assets to its property unit to settle some of the unit's debt payments. In July, the company revealed…
Nomura appoints Willcox as head of wholesale division, Ashley steps down
Nomura Holdings Corp (8604.T) on Wednesday appointed Christopher Willcox as head of its wholesale division and executive officer, effective October 1. Willcox replaces Steven Ashley who has been appointed chairman…
Uniper: Unipro has book value of up to $2.2 billion
Unipro (UPRO.MM), the Russian utility that majority owner Uniper (UN01.DE) is seeking to sell, still has a book value of between 1.7 billion to 2.2 billion euros ($1.7-$2.2 billion), Uniper…
India’s air safety watchdog extends restriction on SpiceJet
India's air safety watchdog on Wednesday said it was extending a restriction on Indian budget carrier SpiceJet Ltd's (SPJT.NS) flight departures until Oct. 29. The airline will be allowed to…
Take-Two says hacker accessed 2K Games’ help desk
Take-Two Interactive Software Inc said on Wednesday that a hacker had gained access to the help desk platform of its unit 2K Games and sent a malicious link to certain…
Amazon drives renewable energy push with 71 new projects
Amazon.com Inc (AMZN.O) said on Wednesday it would add 2.7 gigawatts of clean energy capacity through several new projects as it seeks to use 100% renewable energy across its business…