China Vanke’s earnings could remain strained for some time amid the downturn of the Chinese real-estate market, which the developer said led to a sharp drop in net profit last year.
China Vanke Warns Earnings Could Remain Strained
US Business
Hasbro CEO Takes Medical Leave
Brian Goldner will take a leave of absence from his job running the toymaker to receive medical care.
US Business
Russia Targets Media Outlets With ‘Fake News’ Law, Blocks Facebook
CNN will stop broadcasting in Russia, while the BBC and Bloomberg News have suspended the work of their journalists in the country.
US Business
China’s ‘Tesla Killer’ Stumbles as EV Price War Takes Toll
NIO, which had resisted cutting prices until recently, has become a symbol of the challenges automakers face in the world’s largest electric-vehicle market.