Will a provincial government be able to save China’s Tesla wannabe? Investors seem to think so. The reality may be different. New York-listed NIO Inc., a self-described pioneer in China’s premium electric vehicle market and rival to Elon Musk’s company, said that it has made a tentative agreement with the municipal government of Hefei in Anhui province for funding support. ...

Warren Buffett is credited with that old saying about receding tides and embarrassed skinny-dippers. In Occidental Petroleum Corp.’s case, the lack of swimwear is one problem, but so is the anchor tied around its ankle. Part of that anchor is the old sage himself. Oxy, as it is known reported results for its first full quarter since acquiring Anadarko Petroleum ...

In times of distress, a centralised financial system can go a long way. Global investors, bruised by an ugly week of asset selloffs, can perhaps consider buying the dip — but only in China. In the past, if the US sneezed, emerging markets would soon be in the emergency room. Not this time. While the S&P 500 Index is heading ...