Latest Corporate News
China Blocks Meta's $2 Billion Acquisition of AI Firm Manus
China's National Development and Reform Commission has blocked Meta's deal to acquire AI startup Manus, forcing the company to prepare to undo the transaction. Beijing's decision highlights escalating tensions over tech acquisitions amid US-China rivalry.
Meta aimed to bolster its AI capabilities, but regulators intervened post-deal completion.
CATL Shares Slump in Hong Kong After $5 Billion Share Placement
Battery giant CATL experienced a sharp decline in its Hong Kong-listed shares following a $5 billion share placement announcement. The move aims to fund expansion but spooked investors amid market volatility.
This comes as China pushes for supply-chain resilience in critical sectors.
Brent Crude Surges Above $110 as Trump Rejects Iran War-End Proposal
Oil prices rose sharply with Brent crude topping $110 a barrel after reports that President Trump is unhappy with Iran's proposal to end the war. Traders await a US response, boosting WTI to nearly $99 amid fading expectations for quick Strait reopening.
UBS sees growth resilience despite higher energy costs.
BYD and Geely Set to Report Earnings Amid Intensifying Domestic EV Rivalry
Chinese EV leaders BYD and Geely are due to release earnings reports soon, highlighting fierce competition in the domestic market. Investors watch for insights into sales growth and profitability amid global expansion efforts.
This follows Pony AI's updates on robotaxi plans.
Pony AI CEO Outlines Robotaxi Expansion and Iran War Impact
Pony AI CEO James Peng discussed optimistic robotaxi outlook and expansion plans despite geopolitical tensions. He addressed the impact of the Iran war on operations and supply chains.
The firm eyes growth in autonomous driving technology.
Stock Traders Shift Favor to Asia Over US Markets
Traders are increasingly favoring Asian equities over US stocks amid regional rallies and upcoming earnings. Sterling nears record highs as investors eye big US tech results.
Asian markets benefit from China policy shifts and BOJ decisions.
Korea Investment Management CEO Bullish on Korean Stocks Outlook
Korea Investment Management CEO Jaekyu Bae expressed positive views on Korean stocks amid global uncertainties. Focus remains on tech and export-driven growth.
This aligns with broader Asian market optimism.
Gestalt CEO Addresses Tech Trends at BofA Conference
Gestalt CEO Phoenix Peng spoke at the Bank of America Technology Conference on AI and market dynamics. Discussions covered supply-chain resilience and investment portfolios.
Emphasis on China's new strategies for critical tech.
CITIC CLSA Launches China Supply-Chain Resilience Portfolio
CITIC CLSA’s Shihao Li introduced a new portfolio focused on enhancing China's supply-chain resilience. Targets key sectors like batteries and EVs amid global disruptions.
Aims to mitigate risks from geopolitical events like the Iran conflict.
Mark Haefele of UBS Predicts Growth Despite Soaring Oil Prices
UBS Global Wealth Management's Mark Haefele forecasts sustained economic growth even with oil above $110. Higher prices from Iran tensions unlikely to derail recovery.
State Street's Cayla Seder eyes Fed rate decisions.