Guangzhou R&F Properties , a Hong Kong-listed Chinese property developer, said Monday it will receive HK$8 billion ($1 billion) in financing from two shareholders, Li Sze Lim and Zhang Li, who are its chairman and chief executive, respectively. The company said it will use the proceeds to consider repurchase of longer tenor notes, as it actively seeks alternative funding sources and asset disposal opportunities. Chinese property developers slumped on Monday as China Evergrande is set to miss payments on two bonds.

Shares of Li Auto Inc. dropped 3.8% in premarket trading Monday, after the China-based electric vehicle maker cut its outlook for third-quarter deliveries, citing the slower-than-expected recovery in the supply of semiconductors. The company now expects third-quarter deliveries of about 24,500 vehicles, down from previous guidance of 25,000 to 26,000 vehicles. "Due to the COVID-19 pandemic in Malaysia, the production of chips dedicated for the Company's millimeter-wave radar supplier has been severely hampered," the company said in a statement. "The Company will continue to monitor the ongoing market conditions and closely work with its supply chain partners to minimize the impact of the chip shortage on its production." The stock has lost 3.4% over the past three months through Friday, while the iShares MSCI China ETF has slumped 14.2% and the S&P 500 has gained 6.4%.

Colgate-Palmolive was upgraded to buy from hold at Deutsche Bank, which lifted its price target to $86 from $84. Analyst Steve Powers said the company has worked over the last three years to instill a growth mindset that's being overlooked by the market. The analyst added the recent stock performance differentials between itself and peers -- notably Procter & Gamble -- are too severe.

Wall Street is poised for a weaker start on Monday.

This company's designers have fully embraced the notion that an electric truck doesn’t need to look anything like a gasoline-powered one.

The U.S. Department of State is warning of massive delays in turnaround times both for issuing new passports and renewals.

In the fifth consecutive month of record high auto prices, the average price of a new vehicle is now nearly 10% higher than a year ago.

A Netflix documentary about the painter offers cautionary lessons for business owners that could help them avoid inheritance mistakes and protect their legacy.

European stocks slumped Monday, declining on fears over China's struggling property sector as well as the Chinese effort to rein in commodity prices.

An FDA panel voted against recommending Pfizer booster shots for the general public, but recommended them for people who are at least 65 and at high-risk for severe disease.