Kyle Bass’s Failed Hong Kong Short Got Bannon-Linked Cash – Bloomberg News | Investing News
(Reuters) – Hayman Capital Management L.P. founder Kyle Bass’s failed bet against the Hong Kong dollar got cash linked to former U.S. President Donald Trump’s adviser Steve Bannon, Bloomberg News reported on Wednesday. The details were…
Rocking Down to Electric Avenue? Good Luck Charging Your Car | Investing News
By Nick Carey and Tina Bellon LONDON (Reuters) -European and U.S. cities planning to phase out combustion engines over the next 15 years first need to plug a charging gap for millions of residents who park their cars on the street. For while electric…
Mark Cuban’s Top Investing Advice
Kathy Hutchins / Shutterstock.com Often controversial and always entertaining, self-made billionaire Mark Cuban is not shy in his opinions, especially when it comes to money — and that’s good news for budding investors. Mark Cuban, after all, is rich and…
Emerson Electric Working on Deal With Software Firm Aspen Tech – Bloomberg News | Investing News
(Reuters) – Manufacturing giant Emerson Electric Co is in talks to merge its software assets with industrial software company Aspen Technology Inc, Bloomberg News reported on Wednesday, citing people with knowledge of the matter. Emerson is…
Lucid to Start Deliveries of Electric Cars With Range Exceeding Tesla’s in October | Investing News
CASA GRANDE, Ariz. (Reuters) – U.S. startup Lucid Group Inc said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October, posing a major challenge to the market leader whose sales of premium…
Luxury Carmaker Rolls-Royce to Switch to All Electric Range by 2030 | Investing News
FILE PHOTO: The mascot, the so-called Spirit of Ecstasy or Emily, is pictured on a Rolls Royce car displayed at the headquarters of Chabe, Chauffeured Cars Services, in Nanterre near Paris, France, July 2, 2020.REUTERS/Gonzalo Fuentes/File PhotoReuters…
PBOC Promises to Protect Consumers as Evergrande Teeters | Investing News
BEIJING/HONG KONG (Reuters) -China’s central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system, the clearest sign yet the authorities could move to contain contagion risks from…
China Evergrande’s Electric Car Unit’s Shares Tumble 26% After Warning | Investing News
HONG KONG (Reuters) -Shares of China Evergrande’s electric car unit plunged as much as 26% on Monday after it warned it faced an uncertain future unless it got a swift injection of cash and after it said it will not proceed with plans to issue RMB…
Electric Supercars Need to Lose Weight, Power up and Cool Down | Investing News
By Nick Carey and Giulio Piovaccari OXFORD (Reuters) – Speed has always been paramount for supercar makers, and now they’re in the race of their lives to go electric before climate policy cuts their combustion engines. That’s why the…
Exclusive-Mexico’s Kavak Says New Funds Make It Second-Most Valuable LatAm Startup | Investing News
MEXICO CITY (Reuters) – Mexican used-car platform Kavak said it has more than doubled its valuation to $8.7 billion based on its latest funding round, making it the second-most valuable startup in Latin America as it eyes further expansion beyond…