With the once top Chinese developer Evergrande Group struggles to cope with default on more than $300 billion in debts, discussions on restructuring and asset sales are being conducted with investment banks and creditors in Hong Kong by the company’s CEO, said a report published by news agency...

On Friday, the energy crisis in China worsened further as cold weather blanketed a large part of the country while power plants struggled to stockpile coal that pushed up coal prices to new highs.   As strong cold winds blowing down from northern China, demand for more electricity for...

JP Morgan Chase, America's largest bank, on Wednesday reported its third-quarter earnings, up 24 percent to $11.7 billion. Earnings per share came in at $3.74, substantially higher than the $3 expected by Refinitiv survey. The bank's revenues remained almost the same as in the third quarter last...

Tesla CEO Elon Musk said on Saturday at the company’s German plant's site that the first cars from the new Berlin factory of the company should roll off the production line as early as next month, but added that it would take much longer for the company to achieve volume production from the...

Building of a joint venture chip factory in Japan is being contemplated by Sony Group Corp. of Taiwan and Sony Group Corp. of Japan, and the Japanese government is ready to finance a portion of the investment of about 800 billion yen ($7.15 billion), said a report published in the Nikkei.  ...

China's largest internet company Alibaba's ban on the sale of cryptocurrency mining equipment on its platform comes into force on Friday. As of Friday, Alibaba will impose fines and, depending on the seriousness of the violation, restrict activities on the platform, up to account blocking, for...

Global airlines are desperate for governments to align incoherent border rules so that the global airline industry is able to avoid a relapse into recession, the International Air Transport Association (IATA), which groups 290 airlines, said, while also expressing positive sentiment about realizing...

Short-sellers’ interest in Tesla has fallen to its lowest level since the company traded on the stock exchange. Investors are tired of the company's long-running growth, which was bolstered by record deliveries of electric cars last quarter. The interest of stock market participants who make money...

Swedish carmaker Volvo Cars could be valued at $25bn in an initial public offering on the Stockholm Stock Exchange. Swedish automaker Volvo Cars (owned by China's Zhejiang Geely Holding Group) is preparing to announce details of its initial public offering on the Stockholm Stock Exchange on Monday,...