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Sales of cars in China for the first half of 2018 increased by 5.6% in annual terms to 14 million 100 thousand cars, the data of the Chinese Association of Automobile Manufacturers CAAM. Sales of Ford Motor Company for the first half of the year decreased by 26%. Sales of Ford amounted to only 400 thousand 400 machines and were the weakest since 2012. At the same time, General Motors sales grew 4% to 1 million 840 thousand cars. Dow Jones writes that the effect of the reciprocal duties of the US and China can significantly worsen the performance of the industry. Despite the results of the first half of the year that surpassed market expectations, in connection with the trade conflict between the US and China, CAAM confirmed the forecast for the growth in sales of cars in China for 2018 at 3%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy