BEIJING/SHANGHAI (Reuters) - Shares in Chinese electric vehicle maker Xpeng ( XPEV ) jumped on Wednesday driven by revenue growth from research and development services offered to Volkswagen as well as upbeat comments about its goals for gains in self-driving tech. Xpeng ( XPEV ), which deepened its partnership with VW in April to co-develop EV architecture, said that those...

LONDON, May 22 (Reuters) - Britain's banking and financial regulators said on Wednesday they had fined U.S. bank Citigroup ( C/PN ) more than 61.6 million pounds ($78.54 million) for failures in its trading systems and controls. The fine is one of the largest for controls breaches in the UK since the global financial crisis in 2008-2009. The Prudential Regulation...

May 22 (Reuters) - French Luxury group LVMH is to deepen its partnership with Alibaba ( BABA ) to leverage the firm's cloud and artificial intelligence capacities and boost its presence in China, it said on Wednesday. The reinforcement of our partnership will help us to further accelerate our omni-channel business growth, said Stephane Bianchi, group managing director of LVMH,...

LONDON (Reuters) - Britain's banking and financial regulators said on Wednesday they had fined U.S. bank Citigroup more than 61.6 million pounds ($78.54 million) for failures in its trading systems and controls. The fine is one of the largest for controls breaches in the UK since the global financial crisis in 2008-2009. The Prudential Regulation Authority said it fined Citigroup...