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Hong Kong rally leads Asian markets, traders assess Fed rate plans
Hong Kong rally leads Asian markets, traders assess Fed rate plans
Economy
by  AFP

Hong Kong led most Asian markets higher Tuesday as traders returned from an extended weekend break to forecast-beating Chinese factory data that lifted hopes for the world's number-two economy. Chinese consumer tech giant Xiaomi led gains in Hong Kong, soaring as much as 15 percent on news that orders for its first electric vehicle -- launched in Beijing on Thursday -- had topped estimates.

Will Musk help Trump with cash, not just tweets?
Will Musk help Trump with cash, not just tweets?
Technology
by  AFP

Elon Musk, one of the world's richest people, says he won't directly back Joe Biden or Donald Trump in the US election -- but one look at his X feed makes clear his heart is with the Republican. - 'Dark money' - If Musk wanted to help Trump more directly, he could hand over limitless cash anonymously, according US election laws.

Swan song for General Electric as it completes demerger
Swan song for General Electric as it completes demerger
Economy
by  AFP

The US conglomerate General Electric, co-founded more than 130 years ago by Thomas Edison, is opening a new chapter in its history on Tuesday: its break-up into three independent entities which will then concentrate on their disparate core businesses.