ASIA

Toll-road operator Salik jumps 20% on market debut

DUBAI, Sept 29 (Reuters) – Dubai toll-road operator Salik (SALIK.DU) rose 20% above its listing price on its market debut on Thursday in a sign that investors still have appetite for local flotations despite skittish global markets. The company, which has 3.6 million vehicles registered on its system, raised 3,735 billion dirhams ($1.02 billion) by …

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Vietnam tech firm FPT produces country’s first semiconductor chips

HANOI, Sept 28 (Reuters) – FPT Semiconductor, a unit of Vietnam’s leading tech company FPT (FPT.HM), launched its first line of semiconductor chips used in medical devices on Wednesday, part of the company’s efforts to enter the competitive global industry. The company said in a statement it aims to supply 25 million chips globally by …

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Tata Motors launches $10,000 electric car in India to further its lead

NEW DELHI, Sept 28 (Reuters) – Tata Motors (TAMO.NS) launched India’s lowest priced electric car at a little over $10,000 on Wednesday as the country’s only electric vehicle (EV) maker looks to draw in more buyers. Tata leads India’s EV market, helped by government subsidies and high tariffs on imports. Its move comes as domestic …

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Stocks pull off 2020 lows, Bank of England steps in to calm UK bond market

Stocks pare some losses, UK gilts roar higher Bank of England says will step into the bond market Sterling whips higher in volatile trading LONDON, Sept 28 (Reuters) – Global equities pulled off two-year lows on Wednesday, after the Bank of England said it would step into the bond market to stem a damaging rise …

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Saudi NEOM’s tech unit rebrands, invests $1 bln in 2022 -CEO

RIYADH, Sept 27 (Reuters) – NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday. Joseph Bradley said the company is also changing its name to Tonomus as NEOM …

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Apple says it will make some of its iPhone 14 in India | Business and Economy News

Apple has asked manufacturers to shift production from China amid geopolitical tensions and pandemic restrictions. Apple Inc will make some of its iPhone 14s in India, the company has said, as manufacturers shift production from China amid geopolitical tensions and pandemic restrictions that have disrupted supply chains for many industries. “The new iPhone 14 lineup …

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Qatar Investment Authority launches new market making initiative

An electronic board displaying data is seen at the Doha Stock Exchange in Doha, Qatar January 6, 2021. REUTERS/Ibraheem Al Omari/File Photo Register now for FREE unlimited access to Reuters.com Register DUBAI, Sept 27 (Reuters) – The Qatar Investment Authority (QIA) tweeted on Tuesday that it launched a new market making initiative to boost liquidity …

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