(Bloomberg) -- South Korean conglomerate SK Group is investing $1.5 billion in U.S. fuel-cell maker Plug Power (NASDAQ:PLUG) Inc. to boost the use of hydrogen as an alternative energy source in Asia. The companies are forming a joint venture to provide hydrogen fuel-cell systems, fueling stations and electrolyzers in South...
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KUALA LUMPUR (Reuters) - The board of directors of Malaysian firm Top Glove Corp, the world's largest maker of medical grade gloves, has failed egregiously in protecting its workers from COVID-19, U.S. investor BlackRock (NYSE:BLK) said, calling for its removal. The comments from the world's biggest asset manager come after Top Glove saw an extensive coronavirus outbreak among its workers late...
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By Imani Moise NEW YORK (Reuters) - Asian stocks perked up on Thursday as investors remained confident that violence in Washington would not disrupt a legitimate transition to a new presidency or derail political support for a U.S. economic recovery. Wall Street had given up early gains on Wednesday after supporters of President Donald Trump stormed the legislative building, disrupting the congressional...
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By Matthew Green LONDON (Reuters) - Banks have provided $1.7 trillion of finance to 40 companies in the plastics supply chain without imposing any requirements to tackle plastic pollution pouring into the world's rivers and oceans, according to a report published on Thursday. With European and U.S. banks increasingly spurning the most polluting fossil fuel projects to help slow climate change, campaigners...
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By David Shepardson and Diane Bartz WASHINGTON (Reuters) - The head of a major U.S. business group that represents 14,000 companies including Exxon Mobil Corp (NYSE:XOM), Pfizer Inc (NYSE:PFE) and Toyota Motor Corp urged senior U.S. officials to consider removing President Donald Trump from office after supporters of the outgoing president stormed the U.S. Capitol. National Association of...
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TOKYO (Reuters) - Fujifilm Holdings Corp said on Wednesday it will invest $2 billion to establish new large-scale cell culture production site in the United States. The new plant will help accelerate growth of the Japanese company's biopharmaceutical contract development and manufacturing business (CDMO), Fujifilm said in a release. The new site will be built near an existing Fujifilm site with production...
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By Svea Herbst-Bayliss BOSTON (Reuters) - Some investors including William Ackman and Glenn Welling, who push corporations to perform better, posted record-breaking returns in 2020 when activist investors generally backed off demands during a year marked by wild and unexpected business conditions. Ackman's publicly traded Pershing Square (NYSE:SQ) Holdings fund rose 70.2%, marking the best-ever return at his 16-year-old firm Pershing Square...
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By Joshua Franklin and Anirban Sen (Reuters) -Roblox Corp said on Wednesday it aims to go public through a direct listing, instead of an initial public offering (IPO) as originally planned, and has raised new funding in a deal that values the U.S. gaming platform at nearly $30 billion. In a statement, Roblox said it had raised around $520 million in...
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FRANKFURT (Reuters) - Sales of battery-electric vehicles in Germany increased three-fold to more than 194,000 units in 2020, the country's road-traffic regulator said on Wednesday, citing the appeal of a more diversified product offering and of more reliable technology. "E-mobility has become a mainstream feature of the mobile society," the president of German regulator KBA, Richard Damm, said in a statement. Since...
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By Humeyra Pamuk and Alexandra Alper WASHINGTON (Reuters) - The U.S. State Department plans to release as soon as Wednesday a fact sheet urging U.S. investors to comply with an executive order banning investments in alleged Chinese military companies, according to three people familiar with the matter and a copy of the document seen by Reuters. The executive order, released by...
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