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Chinese Automakers Seek Retaliatory Tariffs on EU Cars, State Media Reports

BEIJING, June 19 Reuters Chinese automakers have urged Beijing to hike tariffs on imported European gasolinepowered cars in retaliation for Brussels39; curbs on Chinese EV exports, the statebacked Global Times newspaper said on Wednesday. In a closeddoor meeting on Tuesday also attended by European car companies, China39;s auto industry called on the government to adopt […]
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AI Fever Drives Nvidias Rise to Worlds most Valuable Company

NEW YORK, June 18 Reuters Nvidia has become the worlds most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. Nvidia shares rose 3.5 on Tuesday, giving it a market value of about 3.34 trillion. That pushed the semiconductor bellwether past […]
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China Approves Autonomous Driving Startup Momentas US IPO

BEIJING, June 19 Reuters China39;s securities regulator said on Monday it has approved autonomous driving startup Momenta Global Limited39;s initial public offering IPO in the United States. Momenta plans to issue up to 63,352,856 ordinary shares and list on the Nasdaq Stock Market or the New York Stock Exchange, the regulator said in a statement. […]
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Indias Axis Bank Raises Stake in Max Life Insurance for 4.3M

BENGALURU, June 19 Reuters India39;s Axis Bank acquired additional equity shares of Max Life Insurance Company, a unit of Max Financial Services, for 3.36 billion rupees 4.32 million, the private lender said on Wednesday. The bank39;s board of directors approved the proposal to acquire Max Life shares, raising Axis entities39; total holding in the insurance firm […]
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