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Hyundai Motor, LG Energy Solution launch Indonesia's 1st EV battery plant

The plant is part of a commitment by Hyundai Motor and LGES to invest up to $9.8 billion in Southeast Asia's largest economy to develop an EV supply chain

Exports of Chinese rare earth metals to jump ahead of new regulations

China will also establish a information system to track circulation of rare earth products

Apple poised to get OpenAI board observer role as part of AI pact: Report

The move comes after Apple's announcement to bring OpenAI's ChaGPT to its devices and integrating its new "Apple Intelligence" technology across its suite of apps, including virtual assistant Siri

Asian stocks rise on expectations of rate cuts, yen stays near 38-year lows

The US is back on a disinflationary path, Powell said on Tuesday, although he cautioned that policymakers need more data

China's services activity growth hits 8-month low, shows Caixin PMI

Business confidence levels eased to the lowest level since March 2020 with concerns about the global economy and rising competition

Skydance reaches new merger deal to buy controlling stake in Paramount

The news sent Paramount shares up 9 per cent in after-hours trading

Japan's 1st new banknotes in 20 years use holograms to defeat counterfeits

The notes use printed patterns to generate holograms of the portraits facing different directions, depending on the angle of view

President Biden, Democratic allies raise $264 million in second quarter

The Democratic president's re-election effort has $240 million in cash on hand, the campaign said

Meta to end ban on the word 'shaheed' on oversight board's recommendations

The company has been criticized for years over its handling of content involving the West Asia

Tesla's quarterly deliveries beat estimates on incentives; shares rally

Shares of the world's most valuable automaker rallied more than 10% on Tuesday, hitting the highest level in nearly six months

US job openings up in May; layoffs picked up amid slowing economic activity

Data for April was revised lower to show 7.919 million unfilled positions instead of the previously reported 8.059 million

Zerodha expects end of zero brokerage business model after new fee rules

The new fee structure, which kicks in from October, has a significant impact on brokers, traders and investors, Nithin Kamath, CEO and co-founder of Zerodha, said on social media platform X

Fed needs more evidence of falling inflation before cutting rates: Powell

Data for May showed the Fed's preferred measure of inflation did not increase at all that month, while the 12-month rate of price increases has ebbed to 2.6%

JD.com among possible bidders for British parcel company Evri: Report

JD.com is through to the second stage of bidding after submitting a non-binding offer last month, the people said

Pfizer, Moderna Covid vaccine patents battle to continue after UK ruling

Moderna had argued Pfizer and BioNTech copied mRNA advances it had pioneered and patented well before the Covid-19 pandemic began in late 2019

Ukraine eyes debt deal before deadline, seeks to add GDP warrants: Report

The war-torn country also intends to include GDP warrants as part of its effort to restructure some $20 billion of international bonds, said the sources

ArcelorMittal decides against shutting its South African steel plant

It expects to report a headline half-year loss per share between 0.96 rand and 1.04 rand, compared with a headline loss of 0.40 rand per share in the same period last year

US treasury yields boost dollar, leave Japan's yen dazed at 38-year low

On Tuesday, the yield on the 10-year note was down 2 basis points on the day at 4.4554%, around its highest since the start of the month

Shell to pause construction work at Dutch biofuels project as market sags

It is rare for companies to suspend development of projects underway. Rival BP last week said it is pausing two biofuel projects in Germany and the United States

Sri Lanka to save $5 billion after bilateral debt rework: Wickremesinghe

The cash-strapped South Asian country inked deals with China and other creditor nations to restructure about $10 billion