Billionaire investor Ackman bets Hong Kong dollar peg can break
24 November
2022
Posted by writer
Billionaire investor Bill Ackman said he's betting the Hong Kong dollar will fall and that its peg to the U.S. dollar can break, the latest big money manager to take a public short bet as U.S. rate...
Oil rises on Saudi supply signals, but demand fears cap gains
22 November
2022
Posted by writer
Oil prices rose on Tuesday following commitments to tightening supply from Saudi Arabia and the Organization of Petroleum Exporting Countries (OPEC), although concerns over slowing demand in China and a potential U.S. recession kept gains muted....
Chinese carmakers target more European sales with five-star EVs
21 November
2022
Posted by writer
Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers....