HONG KONG/SHANGHAI (Reuters) - China International Capital Corp ( CNICF ) is cutting the base pay of onshore investment bankers by as much as 25%, three sources said, in a major effort to reduce costs amid volatile markets and Beijing's austerity drive. Some of the impacted dealmakers were notified on Friday about the cuts, said the sources, who have knowledge...

April 28 (Reuters) - Elliott Management Corp has built a large stake in Japanese trading house Sumitomo Corp ( SSUMF ), Bloomberg News reported on Sunday, citing a person familiar with the matter. The size of the activist group's investment is around several tens of billions of yen, according to the report. ...

SEOUL, April 28 (Reuters) - Hyundai Motor ( HYMTF ) and Kia Corp ( KIMTF ) on Sunday said the companies have signed a memorandum of understanding (MOU) with Baidu Inc ( BIDU ) to develop technologies for connected cars. ...

SHANGHAI (Reuters) - Tesla CEO Elon Musk was on a flight heading to Beijing on Sunday to kick off a surprise trip in the electric vehicle maker's second-biggest market, according to two people with knowledge of the matter. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and...