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Tuesday, 18 November 2025, 10:48 am

    Reuters

    136 POSTS

    China carmaker BYD buys US firm Jabil’s mobility business for $2.2B

    Corporate Reuters Reuters -
    Electric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean division to buy its mobility business in China for 15.8 billion yuan ($2.17 billion).

    Asia’s worries over currency volatility get in the way of rate cuts

    Banking & Insurance Reuters Reuters -
    A spurt in the U.S. dollar and China's defense of the yuan are forcing Asian central banks to step up interventions in their weakening...

    China quietly recruits overseas chip talent as US tightens curbs

    Technology Reuters Reuters -
    For a decade until 2018, China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to U.S. interests and technological supremacy.
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    Chelsea Logistics swings to profit as turnaround gains steam

    Corporate 0
    Chelsea Logistics and Infrastructure Holdings Corp. has staged a full-scale financial comeback in 2025, riding on tighter cost controls and stronger demand across its shipping and logistics units. The company reversed last year’s loss, booking a P155 million net profit for the year ending September 30, 2025, as revenues climbed 15 percent to P6.876 billion.

    Citicore Renewable earnings shine on solar surge 

    Corporate 0
    Citicore Renewable Energy Corporation (CREC) powered up its earnings in the first nine months of 2025, posting a 28 percent jump in net income to P966 million on the back of rising electricity sales and a rapidly expanding solar portfolio.

    Vista Land net income rises as cost crumble

    Corporate 0
    Vista Land and Lifescapes Inc., a property development unit...

    4M power connections restored after typhoons

    Energy 0
    The Department of Energy (DOE) said Monday that electricity has been restored to around 4 million of the 4.8 million homes and businesses affected by Typhoons Tino and Uwan.
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    MerryMart margins rise as upgrades pinch sales

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    MerryMart Consumer Corp., a listed retailer, reported a modest uptick in earnings for the first nine months of 2025, as stronger margins and higher operating income helped offset weaker sales tied to store and systems upgrades ahead of a planned expansion push.
    Corporate

    Chelsea Logistics swings to profit as turnaround gains steam

    0
    Chelsea Logistics and Infrastructure Holdings Corp. has staged a full-scale financial comeback in 2025, riding on tighter cost controls and stronger demand across its shipping and logistics units. The company reversed last year’s loss, booking a P155 million net profit for the year ending September 30, 2025, as revenues climbed 15 percent to P6.876 billion.
    Corporate

    Citicore Renewable earnings shine on solar surge 

    0
    Citicore Renewable Energy Corporation (CREC) powered up its earnings in the first nine months of 2025, posting a 28 percent jump in net income to P966 million on the back of rising electricity sales and a rapidly expanding solar portfolio.
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