Finance

Elon Musk Sells Nearly US$4bn In Tesla Stock

Tesla chief Elon Musk sold nearly US$4 billion worth of shares in the electric car company, SEC filings showed, more tha... Read more

Factory Gate Prices See First Fall In Nearly 2 Years

China's factory gate prices for October dropped for the first time since December 2020, as falling global commodity pric... Read more

US Markets Climb Ahead Of Midterms, Inflation Data

US stocks rose for a third straight session on Tuesday as the US midterm elections dominated attention ahead of key econ... Read more

China Shows Off Sleek New Jet At Major Airshow

A scaled-down version of the nation's biggest air show, showcasing the domestically-produced C919 passenger jet, opened ... Read more

China's Super-rich Getting Less Wealthy

China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing... Read more

US Markets Finish Up Ahead Of Key Midterm Elections

US stocks ended sharply higher on Monday as investors focused on Tuesday's midterm elections that will determine control... Read more

China Exports Fall In October, First Drop Since 2020

The nation's exports shrank in October, the first such decline since mid-2020, customs authorities said on Monday, as a ... Read more

Apple Says IPhone Production Hit By Plant Lockdown

Apple said Covid restrictions have "temporarily impacted" production at the world's largest iPhone factory in central Ch... Read more

US Stocks End Higher After Strong Jobs Report

Wall Street stocks finished a volatile day sharply higher Friday following good jobs data that was seen as keeping the p... Read more

Twitter Sacks Half Of Its Work Force

Twitter sacked half of its 7,500-strong staff on Friday as new owner Elon Musk launched his major overhaul of the troubl... Read more

US Stocks Close Lower For Fourth Session In A Row

US stocks closed lower for a fourth consecutive session on Thursday as economic data did little to alter expectations th... Read more

Bank Of England Raises Rates, Predicts Recession

The Bank of England raised interest rates by the most since 1989 on Thursday but warned investors that the risk of Brita... Read more

Rate Hike And Powell Comments Send Stocks Tumbling

US stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome Powell shattered initial optimism over a F... Read more

Fed Delivers Another Steep Rate Hike, More To Come

The Federal Reserve delivered another steep interest rate increase on Wednesday, as expected, with its move to cool red-... Read more

HSBC Chief Has 'total Confidence' In Hong Kong

HSBC chief executive Noel Quinn on Wednesday said he has "total confidence" in Hong Kong, which he thinks will remain a ... Read more