Tesla (TSLA) is hiking prices across a number of regions on the first day of its second quarter. In the US, Tesla hiked prices of its popular Model Y SUV across all three trim levels by $1,000. Tesla did the same in China, with the Model Y Long Range version rising by 5,000 yuan ($675)
Tada Images/Shutterstock For PropertyGuru’s real estate news roundup, the Industrial and Commercial Bank of China pledges its support to stabilize China’s property market. In other headlines, banks invested USD41 billion in Vietnam’s real estate market in 2023, while an entire village in Western Australia that’s up for sale is priced less than a derelict home
(Bloomberg) — China’s home sales slump dragged on in March, signaling a much-hoped turnaround for the sector isn’t in sight yet. Most Read from Bloomberg The value of new home sales from the 100 biggest real estate companies slid about 46% from a year earlier to 358 billion yuan ($49.6 billion), following a 60% decline
This roundup will be published monthly. It is meant to highlight some of the most notable funding rounds of the month and is not intended to be comprehensive. Several major fundraising announcements in the payer/employer space were announced this month. Here is a list of some of the biggest funding rounds: HiLabs raises $39 million
“Everyone, from the top brass to people like us in middle ranks, earn less than before,” said a credit manager with Bank of China, one of the country’s “big four” state-owned banks, lamenting the loss of the staggering bonuses that she used to bag in the industry’s heyday. China’s financial sector is always beholden to
The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed
Starbucks (SBUX) is looking to find its footing amid a sea of rising global competition. Shares of the coffee chain are struggling as the company is being hit on multiple fronts, including a pullback in occasional visits in the US, cautious consumers in China, and increasing investments in coffee from players big and small. The
Even though Chinese leaders openly court international investors, many businesses are unsure of when to cross the line due to Xi’s growing emphasis on national security Image Courtesy Reuters At the Great Hall of the People in Beijing on Wednesday, Chinese President Xi Jinping met with American business leaders. This is part of the government’s
(Bloomberg) — US stocks were poised to open lower after last week’s strong rally as investors assessed the outlook for corporate earnings ahead of key data from the US that may give further clues on the Federal Reserve’s policy path. Most Read from Bloomberg Futures on the S&P 500 slipped after Wall Street’s best weekly
(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel and AMD from government personal computers and servers, the Financial Times reported on Sunday. The procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favour of domestic options, the report said. Government agencies above the township level