Asian Stocks Are Poised to Decline; Oil Advances: Markets Wrap
Asian equities look set to open lower Wednesday in subdued trading following a holiday for US markets. Oil
2023-07-05 06:55
Porsche Battery Parts Maker Daejoo Sees Revenue Surging With New Factories
A South Korean battery parts maker for Porsche’s Taycan sports car is targeting a 100-fold increase in revenue
2023-07-05 06:29
Business as usual for Fleetwood as former chairman is jailed
Fleetwood will continue to go about the club’s normal business following the sentencing of former chairman Andy Pilley. Pilley, who stepped down as chairman and director of the League One club during May after being convicted on four counts of fraud, appeared at Preston Crown Court for sentencing on Tuesday. He was found guilty of two counts of fraudulent trading, fraud by false representation and being involved in the acquisition, retention, use or control of the proceeds of fraudulently mis-sold energy contracts. Also chairman of BES Utilities, Pilley had been involved in High Court litigation with Cheshire West and Chester Council, but lost a civil court fight over investigating allegations of mis-selling. At the Crown Court sentencing, the 53-year-old, who had been was remanded in custody, was jailed for a total of 13 years and was also disqualified from being a director for 13 years. Pilley had been the chairman and owner of Fleetwood for 20 years and overseen the club’s rise from non-league status to the English Football League. Fleetwood, who finished 13th last season, had already announced the club were in discussions surrounding a change of ownership and control which remain ongoing. A statement on Tuesday afternoon read: “Fleetwood Town Football Club acknowledges the sentencing in the court case involving former club chairman, Andy Pilley. “The club would like to reiterate convictions are against individuals and not Fleetwood Town FC, or any of the businesses associated with them, and will continue to operate as normal. “Fleetwood Town remain in communication with the EFL and will be making no further comment at this time.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-07-05 00:57
Riots in France have already cost businesses more than $1 billion
Just weeks after hugely disruptive protests and strikes over pension reforms in France finally died down, businesses in the country are grappling with the fallout from a week of rioting.
2023-07-04 22:58
BYD Picks Brazil for Its First Electric-Vehicle Hub Outside Asia
BYD Co. will invest 3 billion reais ($624 million) in Brazil to build its first electric-car plant outside
2023-07-04 20:52
Sri Lanka, Pakistan Markets Take Off After Major Hurdles Cleared
Investors flocked to Sri Lanka and Pakistan’s markets after the embattled nations crossed major hurdles to revive their
2023-07-04 19:58
Tesla’s June Deliveries in China Soar as Global Sales Hit Record
Tesla Inc.’s deliveries from China in June increased almost 20% from a year earlier, after repeated price cuts
2023-07-04 17:54
Australia, Indonesia Unveil Visa, Climate Pacts as Leaders Meet
Longer business visas and millions of dollars in green investment aimed at bolstering economic ties capped the first
2023-07-04 16:21
Korea Cuts Growth View on Chips Slump, Sees Weaker Prices
South Korea trimmed its growth outlook for 2023, citing uncertainties over momentum in China and the US, the
2023-07-04 14:15
What people are saying about China's chipmaking export controls
China will control exports of some metals used in the semiconductor industry, ramping up a technology war with
2023-07-04 13:56
Australia Pauses Rate Rises, Keeps Door Ajar to Future Hikes
Australia’s central bank kept its key interest rate unchanged on Tuesday as the board assesses the economic impact
2023-07-04 13:24
Veoneer Launching Sale of $500 Million Passive Safety Unit, Sources Say
The owner of automotive technology company Veoneer has kicked off a sale of its passive safety business, according
2023-07-04 13:23