Hong Kong IPO market shows signs of recovery, says EY
On June 21, 2024, Hong Kong Exchanges and Clearing celebrated its 24th listing anniversary, amid growing optimism about the future of the city’s IPO market. In an interview with CNBC,…
Powell Highlights Progress on Inflation, But Calls for More Assurance Before Lowering Rates
Federal Reserve Chairman Jerome Powell on Tuesday expressed satisfaction with the progress made over the past year in tackling inflation, but stressed that more confidence was needed before considering a…
Morgan Stanley says this stock could consolidate China’s electric vehicle sector
Shares of Chinese electric car makers started the new year on a downtrend, facing stiff competition and ongoing price wars that are eroding automakers’ profitability amid weak overall market sentiment.…
Starbucks’ Strategy to Improve Customer and Barista Experience
Starbucks locations across the country are rolling out new measures to streamline drink ordering and reduce wait times. The revamp comes as the coffee chain anticipates a surge in mobile…
U.S. auto sales expected to slow in second half of 2024
Cars are parked in the parking lot of a Chevrolet dealership in Chicago, Illinois, on June 20, 2024. A cyberattack on CDK Global, a software provider that helps dealers manage…
Chinese electric vehicle pioneer backs European investment amid trade tensions
Wan Gang, the visionary behind the surge in electric vehicles in China, sees European collaboration as a promising way forward. HEFEI, China — Wan Gang, widely recognized as the architect…
Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders increase bets for August cut
General view of the Bank of England building in London. LONDON – The Bank of England announced its decision to keep interest rates steady at its June meeting, but described…
Cisco’s Bright Outlook for China EV Joint Venture Expansion
General view of the Bank of England building in London. LONDON – The Bank of England announced its decision to keep interest rates stable at its June meeting, but described…