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The Source for Market Opinions

Drilling finds what looks to be the foundation for a new oil-and-gas resource base in a central region, and it should help the world’s biggest industrial producer reduce its reliance on oil imports.

The Source for Market Opinions

The world’s largest electric car maker expects earnings for 2023 to jump by as much as 86.5 per cent, buoyed by record deliveries. Its profitability, however, remains far behind rival Tesla because of the American giant’s bigger profit margins.

The industry is being slammed by higher borrowing costs, slow growth in Europe, and expiring subsidies. Stocks are tanking in response.

While aiming to counteract US-led tech restrictions, Shenzhen intends to achieve a massive industrial output of more than US$209 billion in strategic emerging industries this year.

Gold prices jumped Monday ahead of this weeks US Fed interest-rate decision after US President Biden pledged retaliation for Iran-backed militia killing 3 soldiers while debt-plagued Chinese property giant Evergrande was ordered into liquidation

China imported a record high 1,447 tonnes of gold for non-monetary use last year, with the middle class attempting to preserve their dwindling fortunes caused by the property market crisis and slumping stock market.

Newly unveiled initiative would create five pilot-scale facilities to turn China’s research and development and innovative ideas – from laboratories and research papers – into commercially viable applications.

Also, Cadillac says high-performance EVs are coming, and Waymo wants to go to Los Angeles.