Industrial & Commercial Bank of China Ltd. is trading near a record low valuation, with its shares down 11% so far this year in Hong Kong due to rising concerns over margins and asset quality ahead of its first-half results due today.
Russian President Vladimir Putin’s plan to travel to China demonstrates a confidence that his authority is stronger than ever after the death of mercenary leader Yevgeny Prigozhin, said investor and long-time Russia watcher Bill Browder.
Dollar bulls have history on their side going into September as the currency has strengthened during that month for six years in a row.
The head-scratching rally in VinFast Auto Ltd. shares came to a sudden halt on Tuesday, erasing $83 billion of market value.
Florida Senator Rick Scott says he will seek a vote on replenishing the depleted federal disaster relief fund next week as his state’s Gulf Coast is on track to get pummeled by Hurricane Idalia.
Iron ore giant Vale SA is considering developing industrial complexes in the US and Brazil as part of a push to produce greener steel, a spokesman said Tuesday.
China Airlines Ltd. is choosing between Boeing Co.’s yet-to-be certified 777X and the largest variant of Airbus SE’s A350 as it looks to retire existing long-haul jets, its president Kao Shing-Hwang said.
Robinhood Markets Inc. is no longer doing crypto business with market maker Jump Trading, according to the publication CoinDesk, citing a person familiar with the matter.
Citigroup Inc. will pay $2.9 million to settle Securities and Exchange Commission allegations that the bank’s broker had flawed processes in its accounting in underwriting of securities offerings.
President Joe Biden is promoting administration veteran Daniel Hornung to a role as deputy director at the National Economic Council, according to the White House.
