Stuff that matters
Japanese electric motor company Nidec Corp (6594.T) Chief Operating Officer Jun Seki intends to step down from the position and leave the company, the Nikkei newspaper reported on Thursday. The report comes as the company struggles to find a successor Read more
South Korea will seek cooperation with the European Union over the U.S. Inflation Reduction Act that excludes electric vehicles (EVs) assembled outside of North America from tax credits in the United States, the country’s industry ministry said on Thursday. U.S. Read more
BP (BP.L) said on Wednesday it has shut some of its units affected by an electrical fire at its 430,000 barrel-per-day Whiting refinery in Indiana. The fire has been extinguished and it is determining when the affected units will be Read more
The Shanghai Stock Exchange said subscription and redemption in 67 exchange-traded funds (ETFs) would be halted on Thursday due to a trading suspension in Hong Kong triggered by a typhoon. The business suspension in the ETFs, which invest fully or Read more
Royal Bank of Canada (RBC) (RY.TO) on Wednesday missed analyst estimates for third-quarter profit, while National Bank of Canada did slightly better than expected, as the former’s capital markets business weighed on earnings while the latter’s helped lift them. Canadian Read more
The U.S. Senate Judiciary committee will hold a hearing on Sept. 13 with Twitter Inc’s (TWTR.N) former security chief Peiter “Mudge” Zatko to discuss allegations from his whistleblower complaint that the social media company misled regulators. Zatko, who accused Twitter Read more
Qantas Airways Ltd (QAN.AX) plans to run a competition between aircraft manufacturers to replace its ageing fleet of 28 Airbus SE (AIR.PA) A330 planes in the next 12 to 18 months, its chief financial officer said on Thursday. “We will Read more