GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market … Read more
Toyota reported record annual net profit of more than $30 billion on Wednesday but the world’s largest automaker by sales warned that the current year would be less spectacular. Helped by a weak yen and strong hybrid vehicle sales, the Japanese giant’s bottom line doubled to 4.94 trillion yen ($31.9 billion) in the year to … Read more
French President Emmanuel Macron (R) shakes hands with Chinese President Xi Jinping after delivering a joint statement at the Elysee Palace, as part of the Chinese president’s two-day state visit in France, in Paris on May 6, 2024. The French president his Chinese counterpart for a state visit on May 6, 2024, seeking to persuade … Read more
China’s economic forays into resource rich Central Asia, a region which shares deep historical, political and economic ties with Moscow, has created certain discomfiture in the Russian establishment. In a recent trade meet in Uzbekistan a Russian trade official emphasised that Russia and China were “equal partners with an equal share in trade turnover” in … Read more
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DEROIT – General Motors CEO Mary Barra has been aggressive in exiting unprofitable or underperforming markets over the past decade, … Read more
China’s President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022. Saul Loeb | Afp | Getty Images Most countries prefer alignment with the U.S. over China when the White House is occupied by a Democrat, according to Gallup poll … Read more
A Long March 5 rocket, carrying the Chang’e-6 mission lunar probe, lifts off as it rains at the Wenchang Space Launch Centre in southern China’s Hainan Province on May 3, 2024. Hector Retamal | Afp | Getty Images China on Friday launched a space probe to collect samples from the far side of the moon … Read more
An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The Japanese yen weakened to levels not seen in 34 years against the U.S. dollar on Monday, only to rebound and likely clock its best week in more than a year. Here is what happened. The … Read more
Gold bracelets at a gold jewelry store in the Zhejiang Province of China. Vcg | Visual China Group | Getty Images Gold’s recent rally has sparked a bullion rush, but along with it came a surge in gold scams in China. Thousands of people in China have been duped into forking out money on “fake gold” … Read more
Apple reports earnings for the second fiscal quarter on Thursday after the markets close. The company has set investor expectations low and could surpass them even if sales growth is weak. In February, Apple said it expected sales similar to last year’s $94.84 billion during the same period and flat iPhone sales. Here’s what analysts … Read more
