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Earnings next risk to equities, says Morgan Stanley strategist

BLOOMBERG Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US stocks — says turmoil in the banking sector has left earnings guidance looking too high, putting sanguine stock markets at risk of sharp declines. “Given the events of the past few weeks, we think guidance is looking more and more unrealistic, and equity markets are at ...

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Mining tycoon in India fights to clear Vedanta’s debt

BLOOMBERG For decades, Anil Agarwal cultivated a reputation as one of India’s great survivors. Starting as a scrap metal dealer, the billionaire magnate built a mining conglomerate to rival any other, weathering cash crunches, government friction and disputes with Indigenous people over expansion plans. But in recent months, Agarwal has faced one of his toughest acts yet. The tycoon’s Vedanta ...

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Vietnamese electric car to ship longer-range SUVs to US in April

BLOOMBERG VinFast, an electric car maker backed by Vietnam’s richest man, plans to ship its second batch of EVs to North America on April 4. The company will send 900 VF 8 standard vehicles to California and 900 to Canada, VinFast Chief Executive Officer Le Thi Thu Thuy said in a statement to Bloomberg. VinFast sent 999 VF 8 City ...

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