Top U.S. asset managers BlackRock Inc and JPMorgan Chase & Co were divided in their support of climate-related proxy resolutions at corporate meetings this year, two analyses showed on Tuesday,…
Category: Business
China fines Luckin Coffee and linked firms a total of $9 million
China’s markets regulator said on Tuesday it has fined a group of 45 firms, including Luckin Coffee, a combined 61 million yuan ($8.98 million) for acts linked to Luckin’s falsification…
Baidu-backed Chinese EV startup WM Motor raises $1.5 billion
Baidu-backed BIDU.O Chinese electric vehicle (EV) startup WM Motor said on Tuesday it has raised 10 billion yuan ($1.47 billion) in its latest funding round. As enthusiasm builds for more…
Trump says aides rejected his request to adjust value of dollar
U.S. President Donald Trump on Monday said he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency…
Brazil’s Petrobras opens rebidding for refinery, but sources say keeping it not ruled out
Brazilian oil company Petrobras PETR4.SA said on Monday it will open another round of bidding for its Repar refinery in the state of Parana after receiving binding offers that were…
Huawei plans more cuts to jobs, investment in Australia
The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing…
Airbus unveils concepts for hydrogen-powered plane
Airbus has unveiled three visual concepts for “zero emission” airplanes to be powered by hydrogen. It is the planemaker’s latest effort to draw public attention to its “zero-emission” ambitions as…