World’s Biggest Energy Traders Are Returning to Metals Markets
Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.
Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.
China is moving to curb “snowball” derivatives after brokers hiked returns to near-record levels to attract investors to the risky products following a stock-market selloff, according to people familiar with the matter.
The Middle East’s biggest alternative asset manager is setting up a $1 billion investment vehicle backed by Beijing’s sovereign wealth fund to invest in companies across the Persian Gulf and China.
Tesla Inc. shares rebounded after Elon Musk vowed to launch less-expensive vehicles as soon as late this year, easing concerns about disappointing earnings results and diminished growth prospects.
Mobvoi Inc., a Chinese artificial intelligence developer backed by Alphabet Inc.’s Google, finished its first day of trading lower in Hong Kong, marking the third stock debut to flop in the city this week.
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