5 big analyst picks: Baidu upgraded to Overweight, Philip Morris rated as a Buy
Baidu upgraded at Morgan Stanley Morgan Stanley upgraded Baidu (NASDAQ:BIDU) to Overweight from Equalweight and raised its price target to…
Canadian pensions manager invests $400 million in Swedish battery maker Northvolt
(Reuters) – Canada’s Investment Management Corporation of Ontario (IMCO) has invested $400 million in battery producer Northvolt, which will help…
Sanofi says arbitration court rejects Boehringer’s Zantac claims
(Reuters) – Sanofi said on Tuesday that the International Chamber of Commerce rejected rival drugmaker Boehringer Ingelheim’s (BI) claims to…
JPMorgan invests in financial technology provider Cleareye.ai
(Reuters) – JPMorgan (NYSE:JPM) has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the…
Hyundai Motor to invest $85 billion by 2032 to accelerate EV plans
(Reuters) – South Korea’s Hyundai Motor Co said on Tuesday it plans to invest about 109.4 trillion won ($85.4 billion)…
Alibaba CEO and Chairman Zhang to step down to focus on cloud business
(Reuters) -Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus…
German shares lead falls in Europe as Lanxess plunges
(Reuters) – German stocks led the decline among European peers on Tuesday as shares of specialty chemicals maker Lanxess plunged…
Inside China’s underground market for high-end Nvidia AI chips
(Reuters) -Psst! Where can a Chinese buyer purchase top-end Nvidia (NASDAQ:NVDA) AI chips in the wake of U.S. sanctions? Visiting…
Italy’s TIM leaning towards KKR for talks over grid sale, sources say
(Reuters) – Telecom Italia (BIT:TLIT) (TIM) is leaning towards entering talks with KKR over the sale of its prized landline…
ECB hawks argue for more hikes even as Lane opens door to pause
(Reuters) – The European Central Bank should err on the side of further interest rate hikes as inflation could come…