Funding & Business
Chinese Copper Smelters Get Only Short-Term Relief on Margins
Chinese copper smelters are getting short-term relief from higher fees, although the improvement in profitability may not be enough to entice them into lifting production.
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Prosus NV has more than doubled its stake in Urban Company Ltd. ahead of the Indian startup’s listing, and is now one of the firm’s biggest shareholders, according to Prosus India Ecosystem head Ashutosh Sharma.
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Japan’s 20-year government bond auction Wednesday drew the strongest demand since 2020, as higher yields lured investors despite domestic political uncertainty.
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Baidu Inc. shares jumped by the most in over two years after an analyst upgraded the Chinese internet firm, citing the growth potential for its in-house chip business.
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