Global Trade
UBS Merger with Credit Suisse Drives $29B Q2 Net Profit
UBS Group has unveiled plans to fully integrate the domestic bank of Credit Suisse, elevating its cost-saving endeavors to surpass $10 billion across the group....
US Market Venture of VinFast: Valuation Spikes and Dips
VinFast (VFS), an electric vehicle (EV) manufacturer, is likely unfamiliar to most Americans. Nonetheless, Vinfast has garnered considerable attention due to its surging valuation and...
Bosch Expands US Footprint with TSI Semiconductors Acquisition
In a strategic move aimed at fortifying its presence in the burgeoning US semiconductor market, Germany’s Bosch Group unveiled its acquisition of California-based chip manufacturer...
Chinese Tech Titans Xpeng and Didi Ink $744M EV Collaboration
Chinese electric vehicle (EV) manufacturer Xpeng (XPEV) has joined forces with mobility and ride-sharing behemoth Didi in a momentous development pact worth a staggering $744...
Reliance Industries Appoints Ambani Heirs to Board of Directors
Reliance Industries Ltd, under the stewardship of Chairman Mukesh Ambani, announced a significant leadership transition on Monday as the conglomerate appointed the three scions of...
Evergrande Hong Kong: 87% Stock Plummet Raises Alarms
China Evergrande Group, the prominent real estate conglomerate grappling with substantial debts, experienced a staggering 87% decline in its Hong Kong trading on Monday after...
Chinese Restrictions Cast Doubt on Nvidia Growth
Nvidia, renowned for its robust graphics processing units (GPUs), has celebrated a five-quarter spree of surpassing earnings projections. Boasting a lofty forward price-to-earnings ratio of...
BYD Defies Odds, Tops China’s Automotive Market
BYD Co Ltd, a prominent player in the new energy vehicle sector, has demonstrated its resilience by retaining its position as China’s top-selling automotive brand...
Watches of Switzerland Shares Dive as Rolex Ventures into Retail
The Watches of Switzerland Group Plc, renowned as the United Kingdom’s largest vendor of Rolex watches, faced a substantial setback on Friday following a surprising...
Digital World Shares Drop 5% as Trump Returns to Social Media
Shares of Digital World Acquisition Corp, a special purpose acquisition company (SPAC) that had previously announced plans to merge with the media venture of former...
