Liquidity remains a concern for embattled Chinese property developers, which are struggling to emerge from a debt crackdown that started two years ago.
Philips slightly raises 2023 outlook after second-quarter core profit beat
Dutch health technology company Philips on Monday slightly raised its full-year targets after posting a bigger-than-expected jump in second-quarter core earnings.
Ryanair cautious about winter travel after quarterly profit soars
Ryanair on Monday struck a cautious tone about travel demand for the rest of the year and cut its passenger growth forecast due to Boeing delivery delays.
China has announced a slew of measures to bolster its economy. Here’s what we know so far
Chinese leaders have signaled in recent weeks they are likely to be judicious and targeted in their policy support.
Stellantis and Samsung SDI set plan to build second U.S. battery plant
In 2021, Stellantis planned to pump $35 billion into EV production and software globally through 2025. The second battery plant will support company’s goals.
Goldman Sachs expects ‘all time high’ oil demand to spur large deficits, boosting prices
Goldman Sachs forecasts “sizeable deficits” in the oil markets driving higher crude prices, especially as an “all time high” demand for the commodity looms.
Wall Street cut China’s GDP forecast many times this year. One bank adjusted 6 times
International investment firms have changed their China GDP forecasts nearly every month so far this year, with JPMorgan making six adjustments since January.
Apple supplier Foxconn’s failed India chip venture shows how tough it is for new players
Foxconn is best known as the main assembler of Apple’s iPhones. But in last couple of years, the Taiwanese firm has made a push into semiconductors.
Bank of America says Europe’s oil majors ‘are close to bottoming out’ — and names its top pick ahead of earnings
Bank of America believes Europe’s Big Oil stocks are close to bottoming out this week with its top pick expected to rise by 30% over the next 12 months.
These 5 stocks are on Goldman’s ‘conviction buy’ list — and it gives one more than 50% upside
A look at Goldman Sachs’ “conviction buy” stocks in recent weeks has revealed a number of names that its analysts say have serious potential.
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