MUMBAISYDNEY, June 14 Reuters South Korea39;s Hyundai Motor is looking to sell a stake of up to 17.5 in the planned initial public offering of its India unit to raise up to 3 billion, three sources familiar with the matter said, in what could be India39;s biggest ever IPO. Hyundai is expected to file papers for […]

SHANGHAI, June 14 Reuters China approved its first exchangetraded funds ETFs investing in Saudi Arabia equities on Friday, fund managers told Reuters, as Beijing expands ties with the Middle East amid rising tensions with the West. The products, managed by China39;s HuataiPinebridge Investments and Southern Asset Management separately, will track Hong Konglisted CSOP Saudi Arabia […]

BERLIN, June 14 Reuters BMW39;s allelectric Mini made in China is set to be hit by the highest EV tariff of 38.1 under the EU39;s provisional plans, a source familiar with the matter said on Friday, a potential terminal blow for the midrange car39;s sales prospects. Mass production of the roughly 35,000euro 37,345 vehicle, produced by […]

June 14 Reuters U.S. oil refiner Phillips 66 said on Friday it would sell its 25 stake in the Rockies Express Pipeline REX for about 1.28 billion, including debt, to a subsidiary of Tallgrass Energy. This sale is an important step in our commitment to deliver over 3 billion in asset divestitures, Phillips 66 CEO Mark […]

JAKARTA, June 14 Reuters China39;s ByteDance will lay off staff at its Indonesian unit following a deal where it bought a local ecommerce firm and combined it with its TikTok operation, a spokesperson said on Friday. ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there […]