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Vietnamese EV maker Vinfast reports $550 million Q3 loss
Vietnamese EV maker Vinfast reports $550 million Q3 loss
by  AFP

Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales. VinFast last year reported a net loss of $2.39 billion, up 14.7 percent from 2022.

Hello Kitty owner plunges 17% on sharesale plan
Hello Kitty owner plunges 17% on sharesale plan
by  AFP

Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes. A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later.

Adani Group says it lost nearly $55 bn as US charges sparked rout
Adani Group says it lost nearly $55 bn as US charges sparked rout
by  AFP

India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud. The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.

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