Vietnam’s VinFast recalls first batch of EVs bound for US due to safety risk

Vietnam’s VinFast recalls first batch of EVs bound for US due to safety risk

HANOI, May 25 (Reuters) – Vietnamese electric vehicle (EV) maker VinFast said it was recalling all the first batches of vehicles it shipped to the United States last year following a warning safety certificates issued by the American authorities. The move came after the US National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s … Read more

Citigroup to spin off its Mexican operations through an IPO

Citigroup to spin off its Mexican operations through an IPO

Citigroup on Wednesday announced plans to pursue an initial public offering from its Mexican company, Banamex, formalizing a long-telegraphed spinoff. The bank expects to complete the separation in the second half of 2024, with a public offering likely to follow in 2025, it said. Jane Fraser, CEO of Citigroup Inc., during an interview for an … Read more

Japanese Mizuho expands into US banking with $550m deal with Greenhill

Japanese Mizuho expands into US banking with 0m deal with Greenhill

May 22 (Reuters) – Mizuho Financial Group Inc is to buy U.S. mergers and acquisitions advisory firm Greenhill & Co Inc for $550 million including debt, the companies said on Monday. as Japan’s third-largest lender eyes a bigger share of the world’s largest investment banking fee pool. Greenhill shares more than doubled to close at … Read more