US EditionLive: RBA governor Philip Lowe faces Senate estimates hearing, Tesla shares soar as Elon Musk visits China, Wall Street mixed on US debt ceiling jitters
2 Articles
2 Articles
ASX tumbles as China slows and inflation rises to 6.8pc, Philip Lowe says interest rate hikes are working — as it happened
The Australian share market falls to a two-month low after China's manufacturing industry contracts and hotter- than-expected inflation raises the chances of a RBA rate increase next month. And RBA governor Philip Lowe faces a grilling at Senate Estimates.
Musk's relationship with China raises question marks in Washington.. “Tesla” tweets out of the flock
Elon Musk met Chinese Foreign Minister Chen Gang in Beijing yesterday, as announced by the ministry, on Tesla's first visit to this country since the outbreak of the Covid pandemic. China is the largest market for electric vehicles in the world. Tesla announced in April its intention to build a second major factory in Shanghai in a separate approach to the sanctions policy adopted by the United States towards China. Chen told Musk that China
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