Eurozone June production grows three times more than expected
Euro zone industrial production in June grew three times more than expected, data showed on Friday, mainly thanks to a jump in the output of…
Category: Business
Funds begin parking sanction-hit Russian assets in ‘side pockets’
Some of the world’s biggest money managers are talking to investors and regulators about stripping Russian assets from their funds, helping them unlock billions of…
Hong Kong’s Q2 GDP shrinks 1.3% y/y
Hong Kong’s economy contracted by 1.3% in the second quarter from the same period a year earlier, government data showed on Friday, following a weak…
U.S. stock market: Is it a bull, a bear, or a bull in a bear?
The U.S. stock market’s rebound in recent weeks has analysts and investors questioning whether 2022’s deep downturn has ended, but how to spot an expiring…
Mercedes Benz becomes first partner of CATL’s new Hungary battery plant
Mercedes-Benzis the first carmaker to receive cells from a new 7.34 billion euro ($7.56 billion) battery factoryChina’s CATL (300750.SZ) plans to build in Hungary, it…
Malaysia’s Tenaga plans $1 billion IPO for its power business
Malaysian electricity utility Tenaga Nasional Bhd (TENA.KL) plans to begin the process next year for a potential $1 billion listing of its power generation business,…
Flutter’s shares soar on further rapid U.S. growth
Flutter said on Friday it is seeing no sign of cash-strapped customers betting less and gave another positive update on its rapidly growing U.S. business,…