China has tried to control the latest Covid outbreak with frequent virus testing requirements. Pictured here is a nucleic acid testing site on May 25, 2022, in Beijing, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — Two investment banks cut their China GDP forecasts this week […]
Investment
NIO to Invest $32.8M in Shanghai Battery Labs & Cell Plant
Per an environmental assessment report, NIO Inc. NIO plans to invest RMB 218.5 million ($32.8 million) to build lithium-ion battery labs and a cell pilot production line in Shanghai. The plan consists of a research & development (R&D) project in Anting town, Shanghai, comprising 31 R&D labs partaking in lithium-ion […]
Alibaba Profits Lower, Rocked by Investment Losses, China Economy
China’s e-commerce and media giant Alibaba recorded lower profits in the 12 months to March 2022, following a year of turmoil for tech companies, a weakening Chinese economy, a COVID revival and Russia’s war in Ukraine.. Group revenues increased by 19% in the year to March, reaching $135 billion (RMB853 […]
Banks pick their favorite battery stocks and Goldman Sachs loves one
Goldman Sachs loves one EV stock for its battery innovation – and it also makes the bank’s conviction list of top buy-rated stocks. While HSBC named its favorite companies in energy storage, which is one of its “top conviction” themes. Chinese electric vehicle (EV) firm BYD is buy-rated by Goldman […]
Vanguard refuses to end new fossil fuel investments
The world’s second-largest asset manager Vanguard has refused to stop new investments in fossil fuel projects and end its support for coal, oil and gas production. Chief executive Tim Buckley said the group, which manages $8.1tn for more than 30mn investors and is the largest investor in coal companies globally, […]
US in ‘largest bubble of our lifetime,’ investment expert warns
Eddie Ghabour, the co-founder of Key Advisors Group LLC, warned on Wednesday that the U.S. is in the “largest bubble of our lifetime,” and it’s going to burst as the Federal Reserve is “going to suck liquidity out of the system.” Ghabour made the prediction on “Varney & Co.” one […]
Georgia to announce $7 bln Hyundai EV investment as Biden visits Seoul – sources
/cloudfront-us-east-2.images.arcpublishing.com/reuters/KAS2NKX4J5IWTJR7KQMU5SZZSM.jpg "Georgia to announce bln Hyundai EV investment as Biden visits Seoul – sources")
WASHINGTON/SEOUL, May 19 (Reuters) – Georgia Governor Brian Kemp will announce on Friday that Hyundai Motor Group is investing more than $7 billion in the state, an announcement coinciding with a visit by President Joe Biden to Seoul, sources told Reuters. The South Korean auto group, which houses Hyundai Motor […]
Investing Terms to Know Before You Invest: A Beginner’s Guide
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