(Bloomberg) — With markets keen for details on China’s efforts to revive economic growth and end its housing slump, here are five key takeaways from today’s briefing by Chinese Minister of Finance Lan Fo’an and his colleagues. Bloomberg Terminal readers can click here for a full transcript. China will borrow more to raise money and…
(Bloomberg) — China’s top economic planner will hold a press briefing on Tuesday to discuss a package of policies aimed at boosting economic growth, as investors look for more stimulus measures from President Xi Jinping’s government. The briefing, which is scheduled to start at 10 a.m., will include five senior officials from the National Development…
(Bloomberg) — Iron ore rose — following two sharply weekly gains — on speculation China’s top economic planner will unveil more stimulus measures at a press briefing on Tuesday morning. The steelmaking staple advanced almost 3% in Singapore, after surging 18% over the previous two weeks. The briefing will include five senior officials from the…
(Bloomberg) — With road transportation accounting for about 15% of greenhouse gas emissions, it’s hard to see how the world will reach its net zero climate goals unless people give up their gasoline and diesel cars. For many years, governments offered generous subsidies to encourage drivers to switch to electric vehicles. As prices fell and…
(Bloomberg) — South Korean battery producer SK On Co. is offering employees voluntary measures meant to shrink its workforce, as the industry grapples with electric vehicle sales’ slowdown. The package includes options for early retirement or unpaid leave to pursue a degree — with fees subsidized 50% by the company — SK On said in…