Business

No company embodies the growth potential of electric vehicles more than Tesla. But with the value of Elon Musk’s company falling from more than $1tn last year to $383bn, many investors are rethinking how to get exposure to the EV boom.The size of the global…

Matthews Asia plans to convert its $80mn Korea Fund into an ETF, a filing shows.All or substantially all of the fund’s assets are expected to move into the newly formed Korea Active ETF, the manager has disclosed.The fund’s board expects to consider the conversion in…

Australia will remove the British monarch from its banknotes after it opted to use an indigenous design for its A$5 note rather than an illustration of King Charles.British royals have appeared on the country’s currency dating to the days of the Australian pound, but the…

Australia’s new $5 banknote will not feature Britain’s King Charles III, but rather a new design that honors “the culture and history of the First Australians,” its central bank announced Thursday. The design will replace the portrait of Her Majesty Queen Elizabeth II, the Reserve…

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