Category: 1. Iran

SEOUL/MOSCOW, Dec 29 : South Korean automaker Hyundai is not in a position to repurchase its former manufacturing plant in Russia due to the continuing war in Ukraine, a source familiar with the matter told Reuters, as a buyback option appears…

Dec 29 : Britain’s ‌Octopus Energy said on Monday it will spin off its technology arm, Kraken, as an independent company valued at $8.65 billion, after a funding round led by U.S. investment firm D1 Capital Partners.

Kraken supplies energy…

SEOUL, Dec 29 : ‌South Korean e-commerce company Coupang announced on Monday a compensation deal worth 1.69 trillion won ($1.18 billion) to holders of 33.7 million accounts for a massive data leak that triggered a backlash from users and…

MOSCOW, Dec ‌29 : A joint venture controlled by Russian billionaire Vladimir Potanin has acquired a 25 per cent stake in IT infrastructure provider Selectel, one of the venture’s partners said on Monday, as Moscow seeks to boost development of…

Meta said on Monday (Dec 29) it would acquire Chinese-founded artificial intelligence ⁠startup Manus, as the technology giant accelerates efforts to integrate advanced AI across its platforms.

Financial terms of its transaction with Manus were…

TOKYO, ‌Dec 30 : Benchmark Japanese government bonds (JGBs) fell on Tuesday in the final trading day of a year that has seen the sharpest jump in yields in three decades on concerns about the nation’s finances.

The 10-year JGB yield rose 2 basis…

Dec 29 : ‌Oil prices settled more than $1 a barrel higher on Monday as Russia accused Ukraine of attacking President Vladimir Putin’s residence, while traders braced for potential supply disruptions in the Middle East due to rising tensions in…

NEW YORK, ‌Dec 29 : The yen strengthened on Monday in light holiday trading, on track for its fifth gain in six sessions as markets weighed the timing of additional interest rate hikes in Japan and the chances of intervention. 

Bank of Japan…

SEOUL, Dec 29 : South Korean battery material maker L&F said on Monday the value of its 2023 supply deal with Tesla has shrunk to $7,386 from an earlier projection of $2.9 billion, without providing reasons for the sharp cut.

L&F said in 2023 it…

HOUSTON, Dec ‌30 : Oil was steady after a choppy session on Tuesday as investors weighed dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.

Brent crude futures for February delivery,…