SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
Shares of Ola Electric surged 20% on their market debut as investors bet the company is set to become a key player in India’s EV industry.
Wealthy investors find opportunities in stock market sell-offs
Wealth advisors say their clients saw the drop in stock prices as an opportunity for tax savings and estate planning.
Container explodes on cargo ship at China’s key Ningbo port
A hazardous goods container exploded Friday on a ship operating in China’s Ningbo Port, vessel owner Yang Ming told CNBC in a statement.
UK investment platform Hargreaves Lansdown agrees to $6.9 billion takeover by CVC consortium
Hargreaves Lansdown, the U.K.’s biggest stockbroker, said it had agreed to $6.94 billion by a consortium including CVC Capital Partners.
More than half of new cars sold in China are now electric or hybrid
New energy vehicles outsold traditional fuel-powered passenger cars in July, according to China Passenger Car Association data.
Malaysia’s prime minister lauds country’s burgeoning chip hub status as Infineon opens new plant
Multinational companies have increasingly looked to increase their presence in the Southeast Asian nation as they diversify operations amid U.S.-China tensions.
News Corp considers selling Australia pay TV and streaming unit
News Corp said it was considering the deal in a trading update in which the division posted a 5% profit decline for the June quarter.
China’s consumer prices pick up more than expected in July, up by 0.5%
China’s consumer prices rose by a more-than-expected 0.5% in July from a year ago, according to data from the National Bureau of Statistics on Friday.
CNBC Daily Open: Fake breakout?
The small-cap focused Russell 2000 Index’s recent volatile performance has led Wolfe Research to conclude that its recent breakout was illusory.
This could be the first hydrogen-powered aircraft to fly non-stop around the globe
The team behind Climate Impulse aims to showcase hydrogen’s value as an alternative fuel for air travel. But with many design issues to overcome and an entire industry to overhaul, the aircraft has a lot to prove.
