People shopping at a Chagee store in Shanghai, China, on Oct. 18, 2023. Costfoto | Nurphoto | Getty Images Shares of Chinese tea chain Chagee climbed 15% during its public market debut on Thursday, as the company plans a U.S. launch despite trade tensions between Washington and Beijing. The stock, which is trading on the…
The MSC Regulus container ship, operated by Mediterranean Shipping Co. (MSC), left, the Monte Verde container ship, operated by Hamburg Sud, centre, and the OOCL Germany container ship, operated by Orient Overseas Container Line Ltd., docked at the Port of Felixstowe Ltd., a subsidiary of CK Hutchison Holdings Ltd., in Felixstowe, U.K., on Thursday, June…
Hong Kong-based port operator CK Hutchison Holdings is reportedly delaying its sale of two ports on opposite sides of the Panama Canal to a U.S.-led consortium. The deal has not been called off, according to a report from the South China Morning Post. The transaction was initially expected to be signed on April 2, according…
Investors entered 2025 expecting a boom in mergers and acquisitions under a second Trump administration. Goldman Sachs doesn’t think that’s going to happen now, because of tariffs. The bank lowered its outlook for completed mergers and acquisitions volume to a 7% increase. Previously, Goldman expected M & A activity to explode by 25% compared with…
BANGKOK – Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China’s Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan’s Nissan and Honda to announce plans to join forces against a flood of ambitious competitors. Also known as Hon Hai Precision Industry, Foxconn has been snapping…
HONOLULU (Island News) – The Department of Emergency Management reported that an outage occurred for Honolulu’s 911 system on Sunday, November 17, 2024. Officials state that the system is currently down for customers using certain cell providers, including AT&T, Verizon and T-Mobile. The public is advised to contact 911 by using a landline phone. For…
The US billionaire real estate magnate Charles Cohen has lost control of his upmarket UK cinema chain after an escalating legal battle over unpaid debts. Curzon, the historic arthouse chain that has 16 venues across the UK, has been snapped up by the US private equity firm Fortress Investment Group. Terms of the deal were…
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Universal Music Group, home to stars including Taylor Swift, Billie Eilish and Drake, will move its primary stock exchange listing to the United States from the Netherlands following antisemitic attacks…