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China's Geely Sweetens Bid to Take EV Maker Zeekr Private

China's Geely Sweetens Bid to Take EV Maker Zeekr Private

Bloomberg5 days ago
Geely Automobile Holdings Ltd. sweetened its offer to take premium electric car maker Zeekr Intelligent Technology Holding Ltd. private, a deal that helps billionaire Li Shufu streamline his sprawling business empire.
Geely said in a filing to the Hong Kong exchange on Tuesday that the two sides had entered into a merger agreement. Under the pact, Geely would buy all the stock in the US-listed firm that it doesn't yet own for $2.687, or $26.87 per American depositary share.
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More results needed from PM's China trip: Liberals
More results needed from PM's China trip: Liberals

Yahoo

time13 minutes ago

  • Yahoo

More results needed from PM's China trip: Liberals

Voters should have expected more tangible outcomes from the prime minister's trip to China, the opposition says. But a senior government minister said the six-day visit by Anthony Albanese had helped to stabilise the relationship with Australia's largest trading partner. The prime minister landed in Australia on Friday after visiting Shanghai, Beijing and Chengdu during the official visit, which included a one-on-one meeting with Chinese President Xi Jinping. While Mr Albanese said the visit would strengthen ties between the two countries, deputy opposition leader Ted O'Brien said the trip should have been complemented with visits to nearby Asian allies. "When you have six days in a country, I think it is fair for the Australian people to expect more from it," he told Sky News on Sunday. "By spending six days there, not going to Japan, not going to South Korea, I think it has accentuated the problem we have with an imbalanced foreign policy." But Attorney-General Michelle Rowland said criticism of the prime ministerial visit was "extraordinary", given work was needed to be done to repair ties with China after trade sanctions on Australian exports were lifted. "China is our single biggest trading partner. Our resources sector relies on that relationship," she told Sky News. "We will always act in the national interest, and often we will disagree, but this is important from the perspective of our trade and of stabilising that relationship, which, quite frankly, had broken down." China imposed an estimated $20 billion worth of trade impediments against Australian products such as wine, lobster and beef following a breakdown in ties between the two countries at the start of the COVID pandemic. Access to the Chinese market has recently opened up to large numbers of exports. "This is about creating jobs and extra trade opportunities for Australia, and it's important that we maintain this vital relationship," Ms Rowland said. Mr O'Brien said while he was not criticising the prime minister for going overseas on the foreign visit, the outcomes did not meet expectations. "We are supportive of economic diplomacy. It's absolutely key, but Australia deserves nothing less than tangible outcomes, especially when you spend a week in country," he said.

Smart Reads of the Week: Dividend Hike Watch, CPF Stock Picks, and Growth Opportunities
Smart Reads of the Week: Dividend Hike Watch, CPF Stock Picks, and Growth Opportunities

Yahoo

time20 minutes ago

  • Yahoo

Smart Reads of the Week: Dividend Hike Watch, CPF Stock Picks, and Growth Opportunities

This week, we highlight a range of opportunities for income and growth investors. As earnings season nears, several blue-chip stocks are poised to raise dividends. We also showcase five Singapore companies tapping into a S$5 billion opportunity, and explore CPF's 70th anniversary with stocks that may complement your retirement strategy. For those investing long-term, a decade-old investment in OCBC has paid off handsomely. We also uncover under-the-radar names creating quiet value, beginner-friendly REITs, and a guide to what you should do when your stock hits an all-time high. Finally, growth seekers won't want to miss five promising US cybersecurity stocks with strong upside potential. Here are this week's top articles: The S$5 Billion Opportunity: 5 Singapore Stocks Tipped for GrowthThese companies are poised to benefit from structural tailwinds and a multi-billion-dollar investment wave. Earnings Preview: 4 Singapore Blue-Chip Stocks Well-Positioned to Increase Their DividendsAs the earnings season approaches, these blue-chips may soon announce dividend hikes. 3 Under-the-Radar Singapore Stocks Unlocking Value for InvestorsQuietly delivering returns, these three companies could add long-term value to your portfolio. 4 Singapore REITs That Are Perfect for a Beginner Investor's PortfolioJust starting out? These REITs offer a blend of stability and reliable income. Bought OCBC's Shares 10 Years Ago? Here's How Much You Will Have NowA decade-long investment in OCBC shares has proven rewarding — here's how much you'd have today. CPF Turns 70 This Year: 7 Singapore Stocks to ConsiderAs CPF marks its 70th anniversary, these income-generating stocks could be a great fit for long-term investors. Your Stock's Share Price Hits an All-Time High: Is It Time to Sell?We explore how to approach a stock that's hit record highs — and why it's not always time to cash out. 5 Promising US Cybersecurity Stocks for Your Growth PortfolioCybersecurity is booming — and these five stocks could offer strong growth in the years ahead. Here's the best way to spend 5 minutes each week: Smart Reads. It gives you a fast, focused investing roundup so you don't waste hours scrolling through the news. We handpick the best stories, ideas, and market updates that matter. Whether it's dividend gems, capital growth plays, or key market shifts, you get them all in one email for free. Click here to join our community in Smart Reads, your smartest 15-minute read of the week. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! The post Smart Reads of the Week: Dividend Hike Watch, CPF Stock Picks, and Growth Opportunities appeared first on The Smart Investor. Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información

Japan's Voters Head to Polls With Ishiba's Premiership at Stake
Japan's Voters Head to Polls With Ishiba's Premiership at Stake

Bloomberg

time2 hours ago

  • Bloomberg

Japan's Voters Head to Polls With Ishiba's Premiership at Stake

Japan's voters will deliver a verdict on Prime Minister Shigeru Ishiba's 10 months in office on Sunday, in an upper house election that takes place amid simmering discontent over inflation and unresolved negotiations with the US on tariffs. The ruling Liberal Democratic Party and its junior coalition partner Komeito are battling the opposition for 125 spots in the 248-member chamber. Ishiba is aiming to win 50 of those seats to retain an overall majority, a goal that would still mean the coalition losing as many as 16 seats.

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