↘️ HSBC (UK:HSBA, HSBC): The Asia-focused lender offered to take Hong Kong’s Hang Seng Bank (HK:11) private in a $13.6 billion deal that offered shareholders a hefty premium. HSBC's stock dropped around 6% in London...

The latest investor updates on stocks that are trending on Thursday...

Porsche on Thursday joined BMW and Mercedes-Benz in reporting weaker sales in China, where local competitors led by BYD Co. and Xiaomi Corp. are winning over buyers with competitively priced electric vehicles. BMW earlier this week cut its earnings outlook after demand in the world’s biggest auto market fell short of expectations. The China struggles add to US tariff costs and stagnant sales in Europe, squeezing Germany’s carmakers across their three core markets...

MARANELLO, Italy (Reuters) -Ferrari has unveiled the technology which will power its hotly-anticipated first electric car, the Elettrica, as the 78-year-old luxury Italian sportscar maker looks to add battery power to its hybrid and petrol-engine models. In a closely-guarded event at its Maranello headquarters, a Ferrari-red cover was pulled back on a stage to reveal the Elettrica's production-ready chassis: a car base, with battery pack and electric motor, though with no wheels or outer shell. The completed car, which Ferrari is expected to present next year at a global premiere, will have a top speed of 310 kilometres per hour (193 miles) - slightly slower than most of its engined models and a range of at least 530 km...

Tesla recently reported third-quarter deliveries that came in well ahead of what Wall Street analysts expected...