Representatives from Ford's German management are scheduled to visit China in the upcoming week to examine the possibility of selling the facility

Asian equities hit a seven-month high, with stocks in South Korea and Singapore both up over 1%, but stocks slipped in Australia and India

The second-largest chipmaker in China after SMIC, Hua Hong will produce 300mm (12-inch) semiconductor wafers at the factory

For most of 2022, Tesla joined rivals in aggressively raising EV prices but its decision to reverse course now challenges automakers’ established strategy of pursuing profit-over-volume

The US and British banks are latest foreign banks allowed to boost operations in China, following approvals given recently to Schroders, Manulife and Neuberger Berman

Analysts say the golden week holiday and a new mortgage rate mechanism have made a cut in the loan prime rate on Friday unlikely.

Tesla’s Autopilot team set out to engineer and record a “demonstration of the system’s capabilities” at the request of Musk, a senior engineer said

Schroders has been given the nod as Beijing speeds up approvals to foreign investors in an attempt to breathe life back into its ailing economy

The Japanese yen shot up in early trading on Friday morning and Asian markets also rose, after US data showed a fall in inflation on Thursday

Investors are optimistic US inflation will show signs of cooling this week but opinion is split over China’s post-Covid recovery prospects

The combined value of the world's sovereign wealth and public pension funds slumped for the first time in 2022

The services unit’s pledged shares were last enforced a year ago, when the group's ownership was reduced from 60.96%