Tesla CEO Elon Musk says there will be ‘news’ about the Model 3 release date on Sunday

Tesla Chief Executive Elon Musk said on Friday that he will make an announcement on the weekend about the release date for the highly-anticipated Model 3 car. The vehicle, which starts at around $35,000 making it the cheapest in Tesla’s range, was unveiled last...

China’s opening of bond market may spark ‘massive demand’ from foreigners, HKEx CEO says

He noted that with China’s yuan being included in the IMF’s Special Drawing Rights (SDR) basket in November 2015, some investors must include at least some renminbi assets on their balance sheets. Inclusion in the SDR means the renminbi is now officially...

China builds new military facilities on South China Sea islands: think tank

China has built new military facilities on islands in the South China Sea, a U.S. think tank reported on Thursday, a move that could raise tensions with Washington, which has accused Beijing of militarizing the vital waterway. The Asia Maritime Transparency Initiative...

Consumer confidence is lowest since Brexit vote aftermath, survey finds

Worries about the economic outlook and a squeeze on household budgets dented consumer confidence this month, according to a closely watched survey. The monthly barometer of consumer mood from the market research firm GfK dropped to its lowest level since the aftermath...