Page 565 - Bloomberg

When it comes to EVs, raising funds seems easier than building them

Stocks of EV upstarts, from New York-listed, Chinese firms such as Nio, Xpeng and Li Auto to their American peers Rivian Automotive and Lordstown Motors, have lost their sheen in recent weeks

'Enough to meet local demand': Malaysia rules out cooking oil export ban

Malaysia aims to fill the gap in the edible oil market caused by the Ukraine war, as well Indonesia's export curbs on palm oil.

Why Apple will beat Meta in the augmented and virtual reality battle

There will also be competition from Microsoft, Alphabet, Snap and Sony. But none of these companies can match Apple's combination of design chops, cutting-edge hardware and a huge existing ecosystem

Samsung to spend $360 billion on microchips, biotech over five years

Samsung promised in a statement to create 80,000 jobs through 2026, mostly in semiconductors and biopharmaceuticals.

Tesla loses bid to move 'sexual harassment' suit into arbitration

Company is facing separate suits by at least six female employees over alleged sexual harassment

Oil retreats as China's stimulus package fails to allay concerns

Beijing rolls out measures to try to support Covid-hit economy

Social media stocks sink to erase about $165 billion on Snap warning

Facebook parent Meta Platforms plunges 10%, erasing $53 billion in market value; Snap tumbles 40% in intraday trading

Neighbourhood Covid enforcers keep large parts of Shanghai in lockdown

Neighbourhood committees around the city are imposing strict curbs on movement, including limits on who can leave their apartment blocks and for how long amid concerns about a rebound in cases

India considers tax cut on soybean and sunflower oil to cool prices: Report

Curbing the tax could be one of the limited options available for the government to reduce surging vegetable oil prices in the world's second most-populous nation

Snap shares fall after cutting forecast, shock spreads to rivals

Social media stocks were on course to shed more than $100 billion in market value following Snap's announcement

India to limit sugar exports in risk to global food prices: Report

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 10 million tonnes

In food protection move, Malaysia bans poultry exports to ease inflation

Malaysia ban poultry export: In the latest food protection move will halt exports of 3.6 million chickens a month from June 1 and investigate allegations of cartel pricing.

US must be 'strategic' on removing Chinese tariffs, says trade chief Tai

The Biden administration took the first step toward a review of tariffs on more than $300 billion in Chinese imports.

Chinese economic recovery faces new hurdle in rising power costs

China's economic miracle rested partly on cheap and abundant coal power. But since last year local officials have been allowed to raise electricity tariffs for industrial users

Billionaires Adani, Ambani at a turning point in their rivalry in India

While both would like markets to reward them for scripting India's future in renewable energy, what's ticking for them right now is all the polluting stuff in short supply

Adanis commit $75 million in Borouge's $2-billion IPO, says report

Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO

Stock sell-off to intensify as fresh 10% plunge looms, finds survey

With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV Pulse survey reckon there's more pain to come

JPMorgan warns India earnings optimism overdone as stocks falter

The warning comes as sell-side analysts estimate overall earnings per share for companies in the benchmark NSE Nifty50 Index to rise almost 17 per cent over the next 12 months

Logistics firm Delhivery tests mood for India IPOs after LIC's muted debut

Delhivery is set to list on Tuesday after an initial public offering (IPO) that raised Rs 5,235 crore ($684 million) - India's second-largest this year after LIC's milestone deal

Cloud company VMware's shares surge 15% after Broadcom takeover talks

Shares in VMware rose 15% in premarket trading on Monday, which would give the company a market value of about $46 billion.