EVs gain as China extends tax breaks
Shares of Chinese electric vehicle companies Nio (NYSE:NIO), Li Auto (NASDAQ:LI) and Xpeng (NYSE:XPEV) are up by nearly 3% in…
India’s mid and small cap stocks risk abrupt corrections, warn analysts
(Reuters) – A roaring rally in mid- and small-cap stocks listed on Indian bourses could see abrupt corrections, as many…
Paris air show: ‘Progress’ in supply chain as jet orders rack up
(Reuters) – Jet engine maker Pratt & Whitney flagged “solid progress” in the aerospace supply chain on Wednesday, addressing a…
Strong relations between BMW and China a ‘win-win’ -CEO
(Reuters) – BMW’s strong ties with China are a “win-win” as the car industry shifts towards greener, more connected vehicles,…
Amazon is a core AI beneficiary – Jefferies
Jefferies analysts hiked the price target on Amazon (NASDAQ:AMZN) shares to $150 from the prior $135 per share after the…
Tesla stock downgraded at Barclays after a ‘too sharp’ rally
Barclays analysts downgraded Tesla (NASDAQ:TSLA) shares to Equal Weight from Overweight as they believe the recent sharp run-up in shares…
German carmakers challenged over Xinjiang due diligence in rights group complaint
(Reuters) – Germany’s top carmakers have been accused by a Berlin-based human rights group of not showing they have carried…
Brazil’s Embraer returns to China with deal for freight conversions
(Reuters) – Brazilian planemaker Embraer is returning to China with a deal to convert passenger jets into freight aircraft with…
Thyssenkrupp should consider industrial players in sale of defense division – IG Metall
(Reuters) – Thyssenkrupp (ETR:TKAG) should explore a sale of its warship division to peers, in addition to private equity players…
Jeffrey Epstein got $300 million in US Virgin Islands tax incentives, JPMorgan says
(Reuters) – JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and…