Fortescue Iron Ore Chief Hick Exits as China Woes Hit Profit
Fortescue Metals Group Ltd. joined iron-ore mining peers in posting lower profits due to China’s economic downturn, and
2023-08-28 12:51
Electric Cars Pass a Crucial Tipping Point in 23 Countries
Convincing everyone to adopt a new technology can be a slog at first. The humble microwave oven, for
2023-08-28 12:45
China-Dependent Japan Stocks Plunge on Boycott Over Wastewater
Shares of Japanese companies that are especially reliant on China demand plunged after users online in Asia’s biggest
2023-08-28 12:24
Veteran Citigroup Banker Gidney to Retire After Almost 30 Years
Citigroup Inc.’s vice chairman of banking, capital markets & advisory for Australia, Jon Gidney, is leaving the firm
2023-08-28 12:20
China’s Economic Slump Continues to Batter Old Economy Steel and Coal Sectors
China’s slump is battering its commodities sector, with profits from coal mining to metals production continuing to decline
2023-08-28 11:17
BYD’s iPad-Making Arm Pays $2.2 Billion for Jabil China Unit
The electronics arm of electric-vehicle maker BYD Co. agreed to buy Jabil Inc.’s manufacturing business in China for
2023-08-28 10:57
Stake Sale, IPO Plans in Focus for Ambani’s Annual Speech
When Asia’s richest man Mukesh Ambani addresses shareholders on Monday, investors expect the billionaire to divulge more details
2023-08-28 10:20
Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push
Argentina’s Economy Ministry announced measures to improve government workers’ salaries and funnel money toward retirees and poorer families,
2023-08-28 09:49
Oil Edges Higher as China Stimulus Moves Offset Demand Concern
Oil rose for a third day after China announced measures to boost its stock and property markets, helping
2023-08-28 09:26
Didi Sells Smart Car Arm to China’s Xpeng for $744 Million
Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for HK$5.84 billion
2023-08-28 09:24
Offshore Yuan Seen Tumbling to New Low Against Dollar in China Selloff
Global investors have little confidence that China will succeed in shoring up its financial markets, predicting that mounting
2023-08-28 08:58
Fortescue’s Iron Ore CEO Resigns After Less Than Six Months
Fortescue Metals Group Ltd. said the company’s chief executive officer of its iron ore division, Fiona Hick, had
2023-08-28 08:55