CHUEF News Today: Stay Updated with the Latest Chubu Electric Power Company, Incorporated News in Real Time
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Pentagon Adds BYD, Alibaba, Baidu to Military List, June 11
Pentagon designates BYD, Alibaba, and Baidu as Chinese military companies. Stocks fall 1-3.6% as U.S. restricts defense contracts with the firms.
SpaceX IPO Prices at $135 Per Share, Sets June 12 Nasdaq Debut
SpaceX IPO priced at $135 per share on June 11, raising $75 billion at $1.75 trillion valuation. Nasdaq debut scheduled for June 12 under ticker SPCX.
US Court Blocks Trump’s $100,000 H-1B Fee, Wins for Indian Workers
Federal court strikes down Trump’s $100,000 H-1B visa fee as unlawful. Judge rules president lacked authority to impose tax without Congress.
Bihar Withdraws ₹3,662 Crore From Contingency Fund for Pensions, June 11
Bihar cabinet withdraws ₹3,662 crore from contingency fund for social security pensions amid opposition concerns over fiscal management.
Vedanta Plans $5.2B Refinancing After Credit Upgrades, June 11
Vedanta Resources plans $5.2 billion refinancing of bonds and loans after S&P and Moody’s upgrades. Net debt fell to $4.9 billion as of March 2026.
HSBC Falls 3.6% as China Capital Controls Threaten Hong Kong Wealth Business, June 11
HSBC falls 3.6% as China tightens capital controls on Hong Kong offshore accounts, threatening wealth management business and mainland investor flows.
Agrola Closes All Swiss Hydrogen Stations by Year-End, June 10
Agrola closes three Swiss hydrogen stations by end of 2026 due to low demand, reflecting EV dominance in Europe’s clean transport strategy.
Hong Kong Charges 7 People, 2 Firms Over Wang Fuk Court Fire Deaths, June 11
Hong Kong police and ICAC charge 7 people and 2 companies with 25 offences including manslaughter over Wang Fuk Court fire that killed 168.
Ola Electric Surges 6.5% on Heavy Volume, June 11
Ola Electric stock rose 6.5% to ₹47.32 on June 10 with exceptional trading volume and 43% surge in delivery volume, despite weak fundamentals.