(Bloomberg) — For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co. Most Read from Bloomberg But now big-name investors who’ve made billions from these shares are taking money off the table, underscoring growing angst over the prospects for… Continue reading Legendary China Bets Unwind as Buffett, SoftBank Sell
Author: Yarhow_Finance Online News
Prosus Cuts Tencent Stake in Latest Pullback From Chinese Firms
(Bloomberg) — Naspers Ltd.’s Dutch unit Prosus NV continued its plan to cut back its stake in Tencent Holdings Ltd., the latest in a series of moves from early backers to unwind bets on Chinese companies. Most Read from Bloomberg Tencent shares worth $7.6 billion had earlier appeared in Hong Kong’s clearing and settlement system,… Continue reading Prosus Cuts Tencent Stake in Latest Pullback From Chinese Firms
Tesla Deliveries From China Factory Jump, but BYD Races Ahead in Country
Reuters Social media firms to testify at U.S. Senate Homeland Security hearing The U.S. Senate Homeland Security and Governmental Affairs Committee will hold a hearing Wednesday with Facebook parent Meta Platforms, Alphabet’s YouTube, Twitter and short video app TikTok on social media’s impact on homeland security. The panel led by Democratic Senator Gary Peters will… Continue reading Tesla Deliveries From China Factory Jump, but BYD Races Ahead in Country
Returns On Capital At Eaton (NYSE:ETN) Have Hit The Brakes
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and secondly, an increasing amount of capital employed. If you see this, it typically means it’s a company with a great business model… Continue reading Returns On Capital At Eaton (NYSE:ETN) Have Hit The Brakes
Eaton’s Positive Impact Solutions: Designed With a Purpose
Northampton, MA –News Direct– Eaton We use the six dimensions of our Positive Impact Framework to design solutions that deliver a range of sustainability benefits Countries around the world have committed to ambitious targets to reduce greenhouse gas emissions. According to the World Resources Institute, net-zero commitments have been made by one-fifth of the world’s… Continue reading Eaton’s Positive Impact Solutions: Designed With a Purpose
Honda Motor (HMC), Hanwa Partner for Battery Metals Sourcing
Honda Motor Company HMC recently announced that it has entered into a partnership with trading company Hanwa to facilitate stable procurement of battery materials, especially nickel, cobalt and lithium, essential components for EV batteries. Japan-based Hanwa’s strength in resource procurement is noteworthy, and a leverage of the same will be fruitful for Honda. But, instead… Continue reading Honda Motor (HMC), Hanwa Partner for Battery Metals Sourcing
Shares of NIO Are Slowly Shifting Gears to the Upside
Reuters A year on, El Salvador’s bitcoin experiment is stumbling A year after El Salvador adopted bitcoin as legal tender, the area where the world’s first cryptocurrency city was meant to be built – a circular metropolis powered by a volcano – is still dense jungle. President Nayib Bukele had promised that “Bitcoin City” would… Continue reading Shares of NIO Are Slowly Shifting Gears to the Upside
US STOCKS-Wall St steadies as growth stocks climb
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Energy stocks follow drop in oil * Apple to unveil new iPhone models * Nio slides after bigger Q2 loss * Indexes up: Dow 0.17%, S&P 0.21%, Nasdaq 0.34% (Updates with market open prices)… Continue reading US STOCKS-Wall St steadies as growth stocks climb
NIO Q2 FY 2022 Earnings Report Recap
The Telegraph Volkswagen drives into danger with €85bn Porsche sale Vladimir Putin, having assembled thousands of soldiers on Ukraine’s eastern borders, gave the order for them to advance west, triggering the most destructive European landwar of this century. On the same day, February 22, in Lower Saxony triumphant Volkswagen executives announced a float of Porsche… Continue reading NIO Q2 FY 2022 Earnings Report Recap
Honda to set up China venture with Dongfeng, Guangzhou Auto to procure EV batteries
TOKYO (Reuters) -Honda Motor Co said on Wednesday its Chinese unit will establish a joint venture with Dongfeng Motor Group and Guangzhou Automobile Group Co at the end of the month to procure batteries for fully electric vehicles. The automaker’s Chinese division has also agreed to strengthen its existing partnership with CATL, the world’s largest… Continue reading Honda to set up China venture with Dongfeng, Guangzhou Auto to procure EV batteries