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Business

BlackRock, JPMorgan climate votes at odds as new rules loom

By holyinnocentschurchwoorg October 4, 2020September 28, 2020

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,…

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Business

China fines Luckin Coffee and linked firms a total of $9 million

By holyinnocentschurchwoorg October 3, 2020September 28, 2020

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…

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Business

Baidu-backed Chinese EV startup WM Motor raises $1.5 billion

By holyinnocentschurchwoorg October 2, 2020September 28, 2020

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…

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Business

Trump says aides rejected his request to adjust value of dollar

By holyinnocentschurchwoorg October 1, 2020September 28, 2020

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…

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Business

Brazil’s Petrobras opens rebidding for refinery, but sources say keeping it not ruled out

By holyinnocentschurchwoorg September 30, 2020September 28, 2020

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…

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Business

Huawei plans more cuts to jobs, investment in Australia

By holyinnocentschurchwoorg September 29, 2020September 28, 2020

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…

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Business

Airbus unveils concepts for hydrogen-powered plane

By holyinnocentschurchwoorg September 28, 2020September 28, 2020

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…

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