BEIJING, May 27 Reuters Profits at China39;s industrial firms rose 4.3 in the first four months from the same period last year, official data showed on Monday. The jump followed a 4.3 increase in the first quarter and a slew of divergent activity data for April, according to National Bureau of Statistics NBS data. Industrial […]

HONG KONG, May 27 Reuters Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle EV maker. Shares of embattled developer China Evergrande39;s EV unit soared as much as 113 to […]

U.S. venture capital dwarf their European rivals France wants EU to revive capital markets union Fragmented EU markets hold back startup financing PARIS, May 27 Reuters France is banking on a new push to integrate the European Union39;s fragmented capital markets to give them the scale needed to wean its flourishing startup sector off of […]

BEIJING, May 27 Reuters China has set up its third planned statebacked investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan 47.5 billion, according to a filing with a governmentrun companies registry. The hundreds of billions of yuan invested in the sector puts into perspective President Xi Jinping39;s drive […]

BERLIN, May 27 Reuters German business morale stagnated in May, a survey showed on Monday, falling short of a forecast improvement and putting a stop to three consecutive months of increases. The Ifo institute said its business climate index remained constant in May at 89.3, compared with a reading of 90.4 forecast by analysts in […]