Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma.
China’s Industry Ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, according to a document published on Friday.
China’s industry ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, a move that will help the U.S. firm’s push into the world’s biggest auto market. Two variants of Tesla Model 3 vehicles are listed on a recommendation list for China’s generous subsidies for new energy vehicles (NEV), according to a post on the website of China’s Ministry of Industry and Information Technology. It was not immediately clear how much of a subsidy the vehicles would receive. …read more […]
(Bloomberg Opinion) — For many anti-Brexit centrists in the U.K., it makes no sense that Jo Swinson’s Liberal Democrats are doing so poorly in the polls. If you’re unhappy about Britain quitting the European Union under Boris Johnson and you’re unexcited by the Labour Party’s quasi-Marxist economic experiments, then who else do you give your vote to on Dec. 12?The center has been abandoned by Johnson’s Conservatives and Jeremy Corbyn’s Labour; unfortunately, the Lib Dems have failed to fill it, not least because of their uncharacteristically radical (and undemocratic) promise to scrap Brexit altogether — without another referendum.For a time …read more […]
A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.
Insurance group Phoenix Group Holdings on Friday announced its biggest-ever deal, as it agreed to buy the British unit of Swiss Re AG for 3.2 billion pounds ($4.1 billion) in cash and shares
Italy’s Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said in an interview on Friday.
Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorbike onboard a new plane, state news agency Antara cited the transport minister as saying.
Today we are going to look at Winox Holdings Limited (HKG:6838) to see whether it might be an attractive investment… …read more […]
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma.
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma. SoftBank owns 26% of China’s Alibaba with its origin in a $5 million investment in 2000, and the stake is now worth more than the Japanese firm’s market capitalization. Son on Friday said the decision to invest in Alibaba was driven by gut feeling. …read more […]
U.S. job growth likely accelerated in November as former striking workers returned to General Motors’ payrolls, which would confirm that the economy remained on a moderate expansion path despite a prolonged manufacturing slump.
Four people died in a shootout following the theft of a United Parcel Service Inc truck and an attempted jewelry store robbery in a Miami suburb, the FBI and police said late on Thursday. The incident began with an attempted robbery of a jewelry store in the Miami suburb of Coral Gables, in the city’s famed “Miracle Mile” shopping district about 4:15 p.m. The shop owner confronted the robbers with a gun. …read more […]
(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The European Central Bank is done with cutting interest rates despite persistent downside risks to growth, according to a Bloomberg survey of economists.With officials increasingly concerned about the impact of negative rates and President Christine Lagarde about to announce a strategic review, most respondents said monetary policy is on autopilot for the next two years. That’s a turnaround from the previous survey which predicted more easing in June. Economists now see the next move as a rate …read more […]
(Bloomberg) — Goldman Sachs Group Inc. was among the many Wall Street banks that missed out on underwriting Alibaba Group Holding Ltd.’s Hong Kong share sale. Now, its analysts are showering China’s largest company with compliments.Goldman stock analysts just initiated coverage of the shares with a buy rating, predicting they can rally another 31% in the city over the next year. Reasons include its “experienced senior” management team and reach in China’s digital economy.Alibaba can capture nearly a third of China’s retail payments this year, analysts led by Piyush Mubayi wrote in the report. It also has the potential to …read more […]
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