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Volkswagen to ramp up Chinese electric car production Volkswagen is ramping up production of electric cars to around 1 million vehicles by the end of 2022. These statistics would enable the German carmaker to leapfrog Tesla Inc and making ...
Rubio to introduce bill to prevent U.S. pensions from investing in Chinese stocks Republican senator Marco Rubio said on Monday that he has plans to introduce legislation to block U.S. government pension funds from investing in Chinese stocks ...
Sino-U.S. Trade Hopes rally Asian stocks Asian stocks rallied on Monday’s morning trade as China and the U.S. seemed close to agreeing on a “phase one” trade deal. The Office of the U.S. Trade Representative (USTR) said on ...
Vietnam imposes duties on Chinese and South Korean steelmakers Vietnam had imposed five-year tariffs on Chinese and South Korean color-coated steel products after domestic producers said unfair pricing from overseas competitors forced them ...
AIA’s share price climb following release Q3 business results Share prices of the Hong Kong-based insurer AIA Group Ltd climbed up 4% in Aisa after it had posted business results in the three months to September 30. In a statement released ...
Oil prices slide despite easing Sino-U.S. trade tensions Oil prices slid down on Monday in Asia despite easing Sino-U.S. trade tensions. China’s Office of the U.S. Trade Representative (USTR) said on Friday that Beijing and Washington ...
Glencore to trim copper and zinc production targets Glencore PLC said that it would produce slightly less copper and zinc in the year than initially planned. The world’s biggest commodity trader has trimmed their production targets from ...
Offshore wind farms to invest $1.2 trillion to hit climate goals An influx of new offshore wind farms around the world is set to invest an estimate of $840 billion over the next two decades, the International Energy Agency (IEA) said. The ...
Amazon shares fall 7%, forecasts below expectation Amazon.com Inc’s forecast revenue and profit for the holiday quarter was below expectations as it faced fierce competition and rising costs from plans to speed up global delivery times. Shares ...
China to request U.S. to remove tariffs in exchange for farm purchases Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products. However, Beijing will request cancellation of some planned and ...
Oil prices drop after recovering from surprise dip in U.S. inventories Oil prices dropped on Thursday in Asia which overlooked gains following a surprise dip in U.S. inventories. Oil prices rallied more than 1% overnight after the U.S. Energy ...
Brexit limbo pauses British Pound The British Pound stabilized on Thursday as Brexit enters a fresh holding pattern. Sterling held at $1.2911 after Britain’s parliament backed a withdrawal deal while European Union members delayed deciding ...
Sweden opened for 100-year bonds amid ongoing review Sweden’s debt office is looking into the option of issuing bonds as long as 100 years according to its director general, Hans Lindblad. However, the office wants more time to research ...
South Korea’s economy sluggish as trade war weigh on investments South Korea’s economy grew at a slower pace in the third quarter, making it the smallest expansion since the global financial crisis as trade uncertainties weigh ...
Wall Street slams WWE as its annual shares plummet World Wrestling Entertainment’s (WWE) shares struggled this year and Wall Street might kick them out of the markets. WWE must be capitalizing on its new TV deals with Fox and Comcast ...
Tesla makes surprise profit figures Tesla made a surprise profit markers as it posted $342 million. Wall Street had expected the company would yield negative figures amounting to $257 million. After the trading hours, Tesla's shares moved ...
The Analysts at TD Securities, Brexit developments today may be relatively quiet. This is in light of EU's decision on Article 50's extension due on Friday, Monday even, at an emergency summit--that is, if things go unpleasant. According to ...
Intel files antitrust case against SoftBank-backed firm over patent practices Chipmaker Intel Corp has filed an antitrust lawsuit against an investment company backed by SoftBank Group Corp who allegedly stockpiled patents to hold up technology ...
Caterpillar profit falls as demand weakens Caterpillar Inc (CAT) fell short of Wall Street estimates for quarterly profit on Wednesday as it was hit by weak demand for its construction and mining equipment businesses. The company, cutting ...
Harley-Davidson profit drops 24% as U.S. demand weakens Harley-Davidson Inc (HOG) reported a 24% drop in quarterly profit on Tuesday as it was hit by a slide in U.S. sales and high costs from European tariffs. The company said its net income ...
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