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Bloomberg Car tires helped make Thailand a $6 billion latex powerhouse. Now, the industry wants to plaster the plant material on faces and use it to stop coastal erosion in a makeover designed to keep more rubber profits at home. Thai rubber, which has traditionally ended up in foreign tires, gloves, and other manufactured products, is reeling from slowing car ...

Bloomberg Showa Denko KK, Japan’s No 3 diversified chemicals supplier, agreed to pay more than double its own market value to buy its bigger rival Hitachi Chemical Co, to scale up its lithium-ion battery and advanced materials businesses and keep pace with Chinese rivals. Tokyo-based Showa Denko offered as much as 964 billion yen ($8.8 billion) for all shares of ...

Bloomberg Japanese exports dropped for a 12th straight month in November, offering no clear indication yet of a pickup despite recent signs of green shoots in global manufacturing. The value of shipments overseas fell 7.9% in November from a year earlier, dragged down by sliding exports of cars and construction and mining equipment, data from the Ministry of Finance showed ...

Bloomberg A Chinese pipe maker endured a rollercoaster debut, finishing the day at a loss after almost doubling during its initial public offering in Hong Kong. Maike Tube Industry Holdings Ltd surged as much as 84% on Wednesday morning, before closing down 5.7%. It’s the latest example of a stock seeing wild swings in its Hong Kong debut. Snack Empire ...

Bloomberg NMC Health Plc said claims made by Carson Block’s Muddy Waters Capital LLC “appear principally unfounded,” after a report by the short seller sent shares tumbling the most on record. “NMC will review the assertions, insinuations and accusations made in the report, which appear principally unfounded, baseless and misleading, containing many errors of fact, and will respond in detail ...

Bloomberg Tata Sons Ltd suffered a shock defeat as an Indian court ordered it to reinstate the chairman it fired in 2016, a ruling that may paralyse the $110 billion conglomerate’s plan to revive growth by selling assets, finding new partners, and cutting costs. An appeals court on Wednesday said former chairman Cyrus Mistry was improperly ousted from the Tata ...

Bloomberg The US government is weighing new limits on sales of chips and other vital components to China’s Huawei Technologies Co, sparking another furious round of lobbying by technology firms. Industry associations representing US chipmakers, software companies and manufacturers have written to Secretary of Commerce Wilbur Ross in recent weeks arguing against the changes, according to copies obtained by Bloomberg ...

Bloomberg PSA Group and Fiat Chrysler Automobiles NV agreed to combine in a deal that will create the world’s fourth biggest auto manufacturer. The French and Italo-American carmakers signed a binding accord for a 50-50 merger of their businesses, they said on Wednesday. The combined company will be led by PSA Chief Executive Officer Carlos Tavares, with Fiat Chairman John ...

Bloomberg Tesla Inc is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans said, betting the move will lure buyers as the world’s biggest electric-vehicle market slows. Tesla aims to bring down costs by using more local components, allowing it to import fewer parts and avoid tariffs, the ...

Bloomberg Another Google employee added her name to a list of workers who say they were fired for legally advocating for labour rights inside the company. Kathryn Spiers, 21, said she was fired December 13 after she developed a notification that told colleagues they had the right to participate in labour organising when they visited the website of IRI Consultants, ...