Samvardhana Motherson Intl to acquire 11% stake in Israel’s REE Automotive for $15 mn

Samvardhana Motherson Intl to acquire 11% stake in Israel’s REE Automotive for  mn

Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd (SAMIL) via its wholly-owned subsidiary MSSL Consolidated Inc will subscribe up to 36,39,010 Class A ordinary shares of REE Automotive Ltd. At a … Read more

Markets fall with Japan stocks in bear territory; Berkshire’s cash hoard at record high

Markets fall with Japan stocks in bear territory; Berkshire’s cash hoard at record high

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Nasdaq in correction territory; Berkshire’s cash holdings reach record high

Nasdaq in correction territory; Berkshire’s cash holdings reach record high

Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Wall Street sinks, Tesla slumps

Wall Street sinks, Tesla slumps

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

Wall Street sinks, Ford slumps

Wall Street sinks, Ford slumps

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more