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Home > Latest

Lates News

date
02/06/2025
Market news: Mayer Borgen has applied for bankruptcy for its German subsidiary, but its subsidiary Mayer Borgen GmbH in Tbingen with about 60 employees will continue to operate.
Latest
2 m ago
Zhang Wenjie appointed as President of Citi Group in China and CEO of Citi China.
2 m ago
Reporters learned from multiple sources that the former CEO of Bank of America's China division, Zhang Wenjie, has been appointed as the President of Citigroup's China division and the new head of Citigroup China. The appointment will officially take effect after regulatory approval. (Finance Associated Press)
5 m ago
International gold prices fell slightly in May, but have risen over 25% since the beginning of this year.
5 m ago
Federal Reserve Chair Powell: Tariff impact may be short-term disruption, but if inflation is under control, it still supports interest rate cuts by the end of the year.
7 m ago
Multiple new energy vehicle companies have released their May sales data. Leading the pack is BYD, with sales of nearly 382,500 vehicles in May, a year-on-year increase of over 15%. Among them, sales of pure electric passenger cars reached 204,400 units, up 39.6% annually, while sales of plug-in hybrid cars were 172,600 units, down 6.26%. Citigroup estimates that after BYD significantly lowered prices, foot traffic at their stores may increase by 30% to 40%. It is worth mentioning that in April of this year, BYD's sales of pure electric vehicles in Europe reached 7,231 units, a year-on-year increase of 169%, surpassing Tesla, whose sales of electric vehicles in Europe during the same period were 7,165 units, down 49%. BYD has surpassed Tesla and moved up in the rankings.
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