Markets

Tesla Inc has a chance at producing 500,000 cars this year, Chief Executive Officer Elon Musk told employees, according to an internal mail viewed by Reuters.

Online marketplace Etsy Inc is removing all QAnon merchandise from its site, a spokeswoman told Reuters on Wednesday, the latest in a series of platform crackdowns on the unfounded and sprawling conspiracy theory. WHAT IS QANON?

U.S. House Speaker Nancy Pelosi has asked Treasury Secretary Steven Mnuchin on Wednesday to review a standalone bill for US$25 billion in aid to airlines that Democrats tried to advance last week, her spokesman wrote on Twitter.

Hedge fund Sachem Head Capital Management has built a US$1.2 billion stake in Elanco Animal Health Inc and plans to push for changes at the company that makes medicines and vaccinations for pets and livestock, a person familiar with the matter said on Wednesday.

SINGAPORE: The parent of Malaysia Airlines has warned leasing companies that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters. The warning from Malaysia Aviation ...

ZURICH: The wealth of the world's dollar billionaires reached record heights despite the global COVID-19 crisis, notably thanks to a strong comeback by tech and health giants, said a report published Wednesday (Oct 7). By the end of July, the cumulative wealth of billionaires stood at around US$10 ......

Retailer Miniso Group Holding Ltd, which is backed by Tencent Holdings Ltd , is looking to raise up to US$562.4 million in its initial public offering in the U.S., a regulatory filing showed on Wednesday.

In spite of the rally in risk markets this year, Pacific Investment Management Company (PIMCO) expects low returns across asset classes in the coming three to five years as the global economy recovers from the coronavirus pandemic.

BERLIN: Germany's coalition government agreed on a package of reforms to financial and accounting rules aimed at avoiding another Wirecard scandal on Wednesday (Oct 7), but opposition lawmakers said it lacked detail on scope and timing. Finance Minister Olaf Scholz and Justice Minister Christine ...

Airbnb burned through more than US$1.2 billion in cash between mid-2019 and mid-2020, ahead of its high-profile initial public offering (IPO), the Information reported https://bit.ly/3d8oEtw on Wednesday, citing financial documents.