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Tesla sold 32,968 China-made vehicles in July
US electric vehicle maker Tesla Inc sold 32,968 China-made vehicles in July, including 24,347 for export, the China Passenger Car Association (CPCA) said on Tuesday.
10 August 2021, 18:00 PM
InterContinental Hotels profits from travel rebound
InterContinental Hotels Group on Tuesday announced a return to first-half profits as vaccination rollouts and the lifting of lockdowns boosted travel demand.
10 August 2021, 18:00 PM
New Zealand plans border reopening amid labour shortage
Under pressure from businesses and public sectors facing a worker shortage that policymakers fear will fuel inflation, New Zealand Prime Minister Jacinda Ardern is due to unveil plans this week to reopen the country’s borders.
9 August 2021, 18:00 PM
How sustainable are sovereign wealth funds?
Risks don’t come much longer term than climate change, so you might expect sovereign wealth funds to be all over it, as investment giants with decades in their sights.
9 August 2021, 18:00 PM
Equity firms revise China strategy amid crackdown
Private equity firms are rethinking their strategies in China as a widening regulatory crackdown on some of the country’s hottest sectors forces investors to scout for bets in other industries that they hope will be less vulnerable to sudden policy changes.
9 August 2021, 18:00 PM
Oil drops 3pc on China Covid curbs, stronger dollar
Oil prices fell more than 3 per cent on Monday, extending last week’s steep losses on the back of a rising US dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could halt a global recovery in fuel demand.
9 August 2021, 18:00 PM
China’s factory price growth quickens
China’s factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding to strains on an economy losing recovery momentum as businesses struggle with high raw material costs.
9 August 2021, 18:00 PM
US Senate advances infrastructure bill towards passage
The US Senate voted to advance a $1 trillion infrastructure package on Saturday but remained on a slow path toward passage with two Republicans openly opposing behind-the-scenes efforts to wrap up work on one of President Joe Biden’s top priorities.
8 August 2021, 18:00 PM
Amid sexual assault allegation, Alibaba launches probe
Chinese e-commerce giant Alibaba Group Holding Ltd said on Sunday it has suspended several staff following an employee’s allegations on the company’s intranet that she was sexually assaulted by her boss and a client.
8 August 2021, 18:00 PM
Exxon suspended from climate advocacy group it helped form
Exxon Mobil Corp was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change, the CLC said on Friday.
8 August 2021, 18:00 PM
Saudi Aramco profit soars on demand recovery
Energy giant Saudi Aramco’s second quarter profits for 2021 have bounced back to pre-pandemic levels due to higher oil prices, nearly quadrupling compared to the same period last year.
8 August 2021, 18:00 PM
ECB must tighten rules to counter inflation
The European Central Bank must tighten monetary policy if it needs to counter inflationary pressures and cannot be put off from doing so by the financing costs of euro zone states, ECB policymaker Jens Weidmann told the Welt am Sonntag newspaper.
8 August 2021, 18:00 PM
Bank bonuses rise as profits rebound
Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the Covid-19 pandemic and rebounding bank profits.
8 August 2021, 18:00 PM
JPMorgan mandates masks for employees in US offices
JPMorgan Chase & Co employees in the United States will be required to wear masks in public indoor settings and in common areas within its offices regardless of their vaccination status, the bank told staff in a memo on Friday.
8 August 2021, 18:00 PM
Huawei revenue plunges further in ‘challenging times’
Chinese telecoms giant Huawei’s second-quarter revenue plunged 38 percent, according to figures released Friday, with smartphone sales suffering from US sanctions and the offloading of its budget brand Honor.
7 August 2021, 18:00 PM
Berkshire Hathaway recovers from Covid woes
Warren Buffett’s Berkshire Hathaway Inc on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue.
7 August 2021, 18:00 PM
RBI holds rates but raises inflation forecast
The Reserve Bank of India held rates at record lows on Friday, but it raised its inflation forecast and said it would normalise liquidity conditions in a signal that policymakers could be edging closer to tapering pandemic-induced stimulus.
7 August 2021, 18:00 PM
Investors wary on Washington, balancing debt ceiling
The economic boost from an expected $1 trillion infrastructure bill working its way through the US Senate has helped push Wall Street stocks near record levels, but some investors are concerned that the next two months in Washington could be rocky.
7 August 2021, 18:00 PM
Amazon orders all US employees to mask up at work
Amazon will require all of its US employees to wear a mask at work regardless of their vaccination status.
7 August 2021, 18:00 PM
Millions of Brits to face energy price hike
Energy prices for millions of Britons are expected to rocket from October after the energy regulator said it would increase its cap on the most widely used tariffs by about 12-13 per cent, due to soaring global gas prices.
7 August 2021, 18:00 PM