Tesla cuts prices in China, Germany and around globe after US cuts
By Hyunjoo Jin, Ethan Wang and Christoph Steitz
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China state fund pours $41 billion into stock market in Q1, reports show
SHANGHAI (Reuters) – Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion in the first quarter in a bid to shore up the sliding stock market, funds\’ latest quarterly reports show.
China sovereign fund injected $41bn into ETFs in Q1 to prop up the stock market
In the first quarter, China\’s sovereign fund, Central Huijin Investment, made significant purchases of blue-chip stocks to support the country\’s faltering stock market, buying over 300 billion yuan ($41.42 billion) worth of exchange-traded funds (ETFs).
US-based Quanex to buy UK's Tyman in $976 million cash and share deal
(Reuters) -U.S.-based Quanex (NYSE:NX) Building Products will buy doors and windows supplier Tyman in a cash and share deal that values the British firm at about 788 million pounds ($976 million), the companies said on Monday.
Earnings call: Netflix to cease quarterly membership and ARM reporting in 2025
Netflix Inc. (NASDAQ:NFLX) announced in its Q1 2024 Earnings Interview that it will discontinue the reporting of quarterly membership and average revenue per member (ARM) data starting in 2025. This shift is due to the evolving nature of the company\’s revenue model, which now encompasses advertising and additional member features.
Loss-making Warner Bros Discovery's CEO pay rises to $50 million in 2023
(Reuters) – Warner Bros Discovery (NASDAQ:WBD) CEO David Zaslav\’s annual compensation rose nearly 27% to $49.7 million in 2023, a filing with the Securities and Exchange Commission (SEC) showed on Friday.
Musk, Tesla & more: Ancillary companies that will benefit most from EV space
Pankaj Murarka discusses Tesla\’s entry into India, emphasizing its impact on the luxury electric vehicle market, global vendors, auto ancillary companies, and the growth of the Indian passenger vehicle market.
Vietnam continues support for bank engulfed in massive fraud, central bank says
HANOI (Reuters) – Vietnam\’s central bank said on Friday it had continued providing support to Saigon Joint Stock Commercial Bank (SCB), which it put under special supervision in October 2022 after a run on its deposits.
TSMC's shares slide nearly 7% in Taipei on global chip outlook concerns
TAIPEI (Reuters) -TSMC\’s Taipei-listed shares tumbled 6.7% on Friday following the company\’s first-quarter earnings report in which it dialled back its expectations for chip sector growth and did not revise up its capital spending plans, contrary to expectations.