(Reuters) - German truck maker Daimler Truck and Sweden's Volvo intend to form a joint venture to develop a software-defined vehicle platform and dedicated truck operating system, the two companies said on Friday. The new company would be a 50/50 joint venture, with the deal expected to close by the first quarter of 2025, according to a preliminary non-binding agreement....

04:23 AM EDT, 05/17/2024 (MT Newswires) -- RF Acquisition Corp II (RFAI) said it priced its initial public offering of 10 million units at $10 per unit. The company also granted the underwriters a 45-day option to buy up to an additional 1.5 million units at the IPO price to cover possible over-allotments. The units will be listed on the...

(Updates to market close) By Summer Zhen HONG KONG, May 17 (Reuters) - China and Hong Kong stocks ended on a buoyant note on Friday as traders cheered Beijing's sweeping steps to stabilise the crisis-hit property sector. Led by homebuilders, most sectors advanced in the noon session after China announced a raft of measures spanning from allowing local governments to...

04:39 AM EDT, 05/17/2024 (MT Newswires) -- Tesla (TSLA) seeks to build a data center in China to power its cars' self-driving capabilities, Reuters reported Friday, citing unnamed people with knowledge of the matter. According to the sources, the EV maker wants a China data center to develop artificial intelligence algorithms for autonomous vehicles. Such a data center would require...