
SK Nexilis, Toyota Tsusho Join Forces to Set Up Joint Venture for Battery Materials Business
Aug 01, 2023 10:38 am UTC| Business Technology Economy
SK Nexilis Co., Ltd. and Toyota Tsusho Corporation have forged an alliance to form a joint venture business for the supply of copper foil to the United States. The JV will be shipping the battery materials to the factories...

Cresco, Columbia Care Cannabis Business Operators Scrap $2B Merger Deal
Aug 01, 2023 10:38 am UTC| Business Economy
Cresco Labs Inc. and Columbia Care are cannabis and medical marijuana companies that have previously announced their merger through an acquisition deal. In March 2022, they agreed to a transaction that would have created...

Deutsche Bank Formally Re-Enters the Korean Debt Capital Market Five Years After Exit
Aug 01, 2023 10:16 am UTC| Business Economy
Deutsche Bank AG, a German investment bank and financial services firm, announced its return to the debt capital market (DCM) segment in South Korea. The company confirmed its re-entry to the local business on Monday, July...

Western Digital Posts Q1 Loss Amid Cloud Demand Slump; Plans Production Cutback
Aug 01, 2023 10:15 am UTC| Economy Technology Business
Western Digital Corp, the renowned memory chipmaker, faces a troubling first quarter, projecting larger-than-expected losses and underperforming revenue. This downturn, primarily attributed to weak cloud business demand,...

Exxon Mobil Seeks Lithium Supply Deals with Tesla, Ford, Volkswagen Amid EV Boom
Aug 01, 2023 09:49 am UTC| Economy Investing Business
Exxon Mobil, an oil industry leader, is reportedly discussing with automakers Tesla, Ford, and Volkswagen to supply lithium for electric vehicle batteries. The talks, still in preliminary stages, reveal Exxons swift push...

Aug 01, 2023 09:17 am UTC| Business Economy
CJ CheilJedang Corporation has sold its shares in Sichuan Jixiangju Food, a Chinese food production company, for KRW300 billion or about $235.8 million. The South Korean firm said on Monday, July 31, that it has unloaded...

SEC Requested Coinbase to Limit Trading to Bitcoin Only, Preceding Lawsuit: CEO Armstrong Reveals
Aug 01, 2023 09:10 am UTC| Economy Digital Currency Law Business
The U.S. Securities and Exchange Commission (SEC) reportedly asked Coinbase, a leading cryptocurrency platform, to suspend all cryptocurrency trading except bitcoin, ahead of a lawsuit in June, according to CEO Brian...