Brazil has overtaken Belgium as the largest export market for Chinese new energy vehicles, industry data showed, as Chinese carmakers increase sales to non-European markets amid European Union’s anti-subsidy probe into Chinese electric vehicles.
Oil prices were little changed on Monday, making marginal advances in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation.
Cash-strapped China Vanke has sold a Shenzhen land plot via auction for 2.24 billion yuan ($309.18 million), a filing on Monday showed, more than 27% below the price it paid for the same 19,000 square-metre block nearly seven years ago.
Indonesia’s anti-trust agency said on Monday it is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition rules.
Japan’s government upgraded its assessment of factory output for the first time in a year, saying in its monthly economic report that it showed signs of picking up and signalling production may have bottomed out.
Container shipper X-Press Feeders has conducted its first bio-methanol refuelling operation at the port of Singapore on Monday, a company executive said, after receiving in mid-May its first out of 14 dual-fuelled vessels ordered.
German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and suggesting the recovery of Germany’s economy this year will be slow progress.
Fiat owner Stellantis is expected to announce on Monday a hybrid version of its 500e small electric car to be produced at its Mirafiori plant in Italy, two sources familiar with the matter said, confirming a report by Automotive News Europe.
AliExpress, an e-commerce site owned by Chinese giant Alibaba, has signed former England soccer captain David Beckham as a brand ambassador as it plays catch-up with rival PDD Holdings’ Temu in a battle to sell cheap made-in-China goods to the world.
France is banking on a new push to integrate the European Union’s fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of dominant U.S. venture capital, ministers, CEOs and investors said.
