Shares in Chinese battery giant CATL soared more than 18 percent on its Hong Kong debut Tuesday after raising US$4.6 billion in the world’s biggest initial public offering this year.A global leader in the sector, CATL produces more than a third of all electric vehicle (EV) batteries sold worldwide.The firm has been buoyed by a …
Chinese battery giant CATL soars more than 18% on Hong Kong debut Read More »
Asian markets rose Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows.The rally tracked advances on Wall Street, where the initial selloff sparked by Moody’s removal of Washington’s triple-A grade soon gave way to a push back into beaten-down equities …
Asian markets rebound to track Wall St up as China cuts rates Read More »
India’s plans to massively expand coal-based steel and iron production threaten global efforts to reduce the sector’s carbon emissions, a key contributor to climate change, a report said Tuesday.The sector accounts for 11 percent of global carbon dioxide emissions, and India aims to double production by 2030.Switching from coal-dependent blast furnaces to electric arc furnaces …
India steel plans threaten global emissions goals: report Read More »
Wall Street stocks finished a meandering session higher Monday, shrugging off Moody’s downgrade of US sovereign debt, which could balloon further.Yields of US Treasury bonds spiked early in the day in a dynamic that revived talk of the “Sell America” narrative that unsettled markets in early April following President Donald Trump’s sweeping tariff announcements.But US …
US stocks edge higher while dollar dips after Moody’s downgrade Read More »
Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm’s founder said on Monday.Xiaomi, which sells goods from smartphones to vacuum cleaners and EVs, is one of China’s most prominent consumer electronics firms.”Chips are the underlying core track for Xiaomi to break through in cutting-edge technology, so …
Nvidia boss Jensen Huang announced plans for Taiwan’s first “AI supercomputer”, as he showcased on Monday the company’s latest advances in artificial intelligence.Global chip giants have gathered in Taiwan for the island’s top tech expo, Computex, as the sector grapples with the impact of US tariffs and disrupted supply chains.Huang said Nvidia would work with …
Nvidia unveils plan for Taiwan’s first ‘AI supercomputer’ Read More »
Asian stocks fell with the dollar Monday after Moody’s removed the United States’ last gold standard sovereign bond rating, citing the growing debt pile that it warned could balloon further.The move dealt a blow to markets, which had enjoyed a healthy run-up last week after Washington and China hammered out a deal to temporarily slash …
Asian markets drop after US loses last triple-A credit rating Read More »
Factory output in China grew at a faster rate than expected last month, official data showed Monday, weathering a brutal trade war with Washington.Industrial production in the export powerhouse grew 6.1 percent on-year in April, according to figures published by the National Bureau of Statistics (NBS).The reading was higher than the 5.7 percent forecast in …
China factory output beats forecasts, weathering tariffs Read More »
Wall Street stocks rose again Friday, adding to weekly gains fueled by deescalation of the China-US trade war and hopes for additional international trade deals.Equity markets have enjoyed one of their best weeks since US President Donald Trump’s “Liberation Day” tariff bazooka last month caused indices to slump.FHN Financial’s Chris Low also pointed to a …
US stocks add to weekly gains amid trade deal optimism Read More »
Fri, 16 May 2025 12:11:02 GMT
