An hour ago Biggest risers: Siemens Energy rises 7%, Alstom falls 10% Siemens Energy shares rose more than 7% in early trading after the company secured 7.5 billion euros ($8.15). billion) in project-related state guarantees from the federal government. The German economy ministry said late Tuesday that it had granted the backstop as part of … [Read more…]
3 hours ago Chinese EV Inventories Rise; Keep an eye on Xpeng’s quarterly results Hong Kong-listed shares of Chinese electric vehicle makers jumped in early afternoon trading. Shares of BYD, Nio, Xpeng and Li Auto rose between 2.47% and 6.11%. The markets in Asia rose across the board following positive economic data from China. A … [Read more…]
More than three-quarters of 3,000 shoppers recently surveyed by Bain & Co plan to spend less during this year’s Singles’ Day or maintain their spending at 2022 levels, according to the US consultancy’s report published on Tuesday. 03:19 Singles’ Day: The world’s largest online shopping event takes place amid the slowdown in China’s economy Singles’ … [Read more…]
BANGKOK (AP) — China’s Press and Publication Administration has approved 105 new online games and said it fully supports the industry after proposed restrictions last week led to massive losses for investors in major game makers. The National Press and Publication Administration released a statement on its social media account WeChat on Monday saying the … [Read more…]