BYD’s US$60 billion wipeout points to deeper turmoil for China EVs

BYD’s US billion wipeout points to deeper turmoil for China EVs

[ad_1] The company shares now trade at around 15 times forward earnings estimates, below their three-year average of 18 Published Fri, Feb 6, 2026 · 09:10 AM [HONG KONG] A relentless sell-off in BYD shares is laying bare investor anxiety over the profit outlook for China’s electric-vehicle (EV) sector, as cooling demand at home and…

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Rio walks away from Glencore mega merger on price impasse

Rio walks away from Glencore mega merger on price impasse

[ad_1] The idea of a combination of the two companies has been discussed several times over more than a decade Published Fri, Feb 6, 2026 · 07:56 AM [LONDON] Rio Tinto Group is walking away from talks to acquire Glencore after the two sides failed to agree on valuation, scuttling a potential mega merger that…

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Michael Saylor’s crypto project pounded after US$12.4 billion loss

Michael Saylor’s crypto project pounded after US.4 billion loss

[ad_1] Published Fri, Feb 6, 2026 · 06:43 AM [NEW YORK] Bitcoin’s plunge below US$65,000 is intensifying the crisis rocking the digital-asset complex, and few companies are more exposed than Michael Saylor’s Strategy. In an earnings announcement on Thursday (Feb 5), the Bitcoin-hoarding company confirmed a net loss of US$12.4 billion for the fourth quarter,…

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