World / Zee Biz
A strong pedigree is growing more important as industry consolidation has made it tougher for new funds to compete with incumbents for investor cash, a BNP Paribas survey of investors on February.
Venture fundraising in Europe has slowed sharply, from $130 billion in 2021 to $62 billion in 2023, PitchBook data shows, leaving some early-stage firms in a funding crunch as they burn through cash.
VinFast, which was founded by Vuong in 2017 and debuted on the Nasdaq last year, has said it would expand to at least 50 countries in 2024.
Japan has seen its policy rates stuck at or below zero for decades due to prolonged low inflation and economic stagnation.
The government lowered its view of machinery orders for the first time since November 2022, changing to showing some weakness from stalling.
ChinaJanuary-Februaryindustrial output news:China's industrial output grew 7.0 per cent year-on-year in the January-February period, data showed on Monday, accelerating from the 6.8 per cent pace seen in December and beating expectations, marking a solid start for 2024 and offering tentative relief to policymakers.
That compares with a 200,000-300,000-yuan range where premium EV makers generally price their cars.
The latest round of trade talks between Britain and India has concluded without a deal, with a British official saying an agreement could not be finalised ahead of the upcoming Indian elections.