World’s largest EV battery maker CATL to raise at least $4bn
Offering is set to be Hong Kong’s biggest listing this year
Economic news
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Saudi Aramco cuts its dividend by $10bn
Lower payouts from supermajor put pressure on Riyadh’s ambitious diversification plans
US beef prices extend surge as ranchers face thinnest herds in 70 years
A years-long drought in the American west has dried up grazing lands and created a shortage of calves
Tariff-fuelled tumult could dent appeal of US assets, watchdog warns
Market swings caused by Trump’s levies may be ‘tipping point’ for foreign investors, Congressional Budget Office chief says
Rush of copper to US because of tariff threat creates shortages in continental Europe
Region’s spot market hit by lack of the red metal for immediate delivery, pushing up premiums on top of benchmark LME prices
Funds for wealthy investors snap up expensive private equity stakes
Demand from retail funds has allowed big institutions to sell buyout stakes at attractive prices despite industry slump