Browsing Category

Business

$75 billion price tag for Porsche has divided investors

The share price of Volkswagen hovered around breakeven on Monday, reflecting a mixed response from investors to the automaker's plans to list sports car brand Porsche AG in what could be Europe's third biggest IPO. According to Reuters,…

Weak dollar and supply concerns drive up oil prices

There was a notable rise in oil prices on Monday. This was due to a weaker dollar and supply concerns ahead of the European Union's embargo on Russian oil in December. This offset fears of a global recession that could dampen fuel demand.…

Export growth in China sinks in August, while imports shrink

There was a drop in Chinese trade in August due to a decline in global consumer demand and a drop in domestic demand, as a result of high energy prices, inflation, and anti-virus measures. The growth rate of exports decreased from 18% in…