Chinese Property Stocks Soar on Hopes of More Supportive Measures
Chinese property stocks rose sharply amid hopes for more policy support, after a media report said authorities are drafting a list of developers that are eligible for obtaining funding.
MMG Plans to Buy Copper Mine in Africa for $1.88 Billion
Chinese government-backed mining company MMG is acquiring a copper mine in southern Africa as it looks to bolster its stockpile of a metal that is in high demand.
Fortescue Begins to Chart New Course in Clean Energy
Australian iron-ore titan Fortescue Metals Group approved a $550 million green hydrogen project in Arizona, part of an initial slate of projects aimed at recasting the company as a clean energy giant.
Elon Musk’s X sues Media Matters for defamation
Elon Musk’s X Corp. sued Media Matters on Monday, claiming the media watchdog group defamed the social-media company last week with a report that pro-Nazi posts were appearing next to ads by major brands.
Future of OpenAI in Jeopardy as Workers Threaten to Quit
More than 700 employees have threatened to resign from the company if the current board doesn’t resign and reinstate former CEO Sam Altman.
SEC Charges Kraken With Operating As Unregistered Exchange
The Securities and Exchange Commission on Monday charged cryptocurrency trading platform Kraken with operating as an unregistered securities exchange.
DOJ Settles With Two U.K. Reinsurance Brokers Over Ecuador Bribes
Tysers Insurance Brokers and H.W. Wood will enter into deferred prosecution agreements over a scheme partly set in Florida to pay off Ecuadorean officials.
EV Startup Fisker Has Lost Another Chief Accounting Officer
The resignation marks the latest setback for a company that only recently started selling its first model.
Bayer Stock Falls On Trial Halt, Roundup Verdict
Shares fell sharply after the company stopped a late-stage study for a cardiovascular drug because of lack of efficacy and was ordered to pay around $1.6 billion in a lawsuit relating to its Roundup weedkiller.
GM’s Self-Driving Car Unit Skids Off Course
GM’s self-driving car division was once one of the bright spots in the tenure of CEO Mary Barra. Now both of its co-founders have quit and it is grappling to rebound from alarming mishaps.
Source: Dow Jones Newswires