Investors globally ploughed more money into cash funds in the week to Wednesday, with total cash assets under management reaching a “monster” $7.8 trillion, according to a report from Bank of America (BofA) Global Research.
Fisker missed its production target for the second quarter due to shortage of components, the electric vehicle startup disclosed on Friday, sending its shares down 2% in premarket trading.
China has announced export restrictions to take effect from Aug. 1 on some gallium and germanium products, metals used in computer chips and other products, citing national security interests.
A string of executives have quit Binance, according to their tweets and media reports, the latest blow for the world’s biggest crypto exchange as its battles a slate of legal and regulatory headaches.
Alibaba Group Holdings and Huawei Technologies Co on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI model upgrade, as Chinese companies jostle for position in the global AI race.
Pirelli said on Friday its Chinese investor Sinochem had put forward a new top executive as chairman at the Italian tyre maker — a move that could help to ease tensions between its main shareholders.
U.S. stock index futures slipped on Friday, as investors remained on edge ahead of a jobs report after recent data that signaled economic resilience reinforced expectations of higher rates for a longer period and pushed yields to multi-year highs.
U.S. corn export dominance is fading in an increasingly competitive global marketplace as Brazil, aided by a new supply agreement with China, is set to out-ship the U.S. for just the second time ever this season.
Copper miners in Peru, already battling political uncertainty and regular protests, say they have another hurdle to revving up stalled production of the red metal: too much red tape.
