Author: CapitalGainsFund

Aug 8

Musk urged to build Tesla factory in Teeside

The world’s richest man Elon Musk has been urged to construct a Tesla plant in North East England, after the electric vehicle giant revealed ambitions to build a dozen new factories worldwide. Ben Houchen, the Conservative Mayor for Tees Valley, wrote to Mr Musk on Friday calling on the Tesla billionaire to build a plant […]
Aug 8

Crypto firms spend £1.9bn on sports sponsorships

Crypto companies have spent $2.4bn (£1.9bn) globally over the last year and a half on sports sponsorships as they splurge on marketing. Major crypto firms have signed deals with big athletes, sporting franchises, and leagues as they seek to rival the marketing prowess of non-crypto brands, according to Bloomberg. Crypto exchange Binance has signed with […]
Aug 8

India’s NTPC to issue 3-month CP – traders

Article content MUMBAI — India’s NTPC Ltd plans to raise funds by selling commercial papers maturing in three months, three merchant bankers said on Monday. The state-run power company will offer a yield of 5.79% on this issue, and it has received commitments worth around 15 billion rupees ($188.41 million), they said. The notes are […]
Aug 8

Oil bounces as China, U.S. data ease recession concerns

Breadcrumb Trail Links PMN Business Author of the article: Reuters Florence Tan Article content SINGAPORE — Oil prices bounced higher from multi-month lows on Monday as investors’ appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel […]
Aug 8

Air traffic around Taiwan returning to normal despite new Chinese drills

Breadcrumb Trail Links PMN Business Author of the article: Reuters Jamie Freed and Donny Kwok Publishing date: Aug 08, 2022  •  21 minutes ago  •  2 minute read  •  Join the conversation Article content Air traffic around Taiwan is gradually returning to normal after airspace surrounding the island reopened, Taiwan’s Ministry of Transportation and Communications said […]