
China Banks Stage Comeback as Big Tech Crackdown Spurs Rally
Chinese banking stocks, perennial under-performers with valuations hovering near record lows, may finally have some good news to cheer up investors.
Chinese banking stocks, perennial under-performers with valuations hovering near record lows, may finally have some good news to cheer up investors.
Asian stocks looked set for a muted start Wednesday after their U.S. peers rebounded from Friday’s selloff as traders parsed the latest earnings reports. The dollar retreated.
The Bank of England’s chief economist said the government can afford to end its furlough plan before the U.K.’s recovery is fully complete.
Aurora Innovation Inc., a Silicon Valley-based autonomous-driving startup with a $10 billion valuation, has entered into a strategic partnership with Paccar Inc., the maker of light, medium and heavy-duty trucks.
Alberta Investment Management Corporation (AIMCo) chair Mark Wiseman said the increased focus on the damage caused by climate change and the regime shift south of the border should accelerate the adoption of clean energy sources and create massive opportunities for forward-thinking investors.
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