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Morning Bid: Jobs in focus after the rebound
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Dollar slumps ahead of payrolls revisions, Powell speech
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Morning Bid: S&P 500 hunting cloud nine
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iute Moldova is honored with the Global Banking and Finance Excellence Award
China-based EV makers hit with European Union tariffs
Date: August 20, 2024
LONDON (Reuters) -The European Commission confirmed on Tuesday it would apply additional duties of up to 36.3% on imported electric vehicles made in China as it issued draft definitive findings of its anti-subsidy investigation. Here is a breakdown of the provisional tariffs by company: BYD: 17% Includes: BYD Auto Co Ltd BYD Auto Industry...
Battery maker Northvolt to shift R&D from California to Sweden
Date: August 20, 2024
STOCKHOLM (Reuters) – Battery maker Northvolt will consolidate and shift development of lithium-metal battery technology to its R&D hub in Vasteras, Sweden, from California, the company said on Tuesday. The decision comes as the company is engaged in a strategic review to refocus its expansion plans after experiencing a series of setbacks such as...
Asia shares hit one-month high on bets for dovish Fed
Date: August 20, 2024
By Rae Wee SINGAPORE (Reuters) – Asian stocks scaled a one-month peak on Tuesday, tracking a Wall Street rally driven by expectations that the Federal Reserve could offer further hints of imminent rate cuts later this week. With the data calendar relatively light across major economies this week, all eyes are on Wednesday’s release...
StanChart makes three executive changes in Europe, Asia transaction banking business
Date: August 20, 2024
(Reuters) – Asia-focussed lender Standard Chartered (StanChart) announced three senior executive changes in its transaction banking business on Tuesday. Ankur Kanwar will lead StanChart’s transaction banking operations in Singapore and The Association of Southeast Asian Nations (ASEAN). Kanwar will also continue in his existing roles as the global head of cash structured solutions development...
Seven & i shares give up some gains after Couche-Tard bid
Date: August 20, 2024
TOKYO (Reuters) -Shares of Japan’s Seven & i Holdings fell more than 7% in morning trade on Tuesday, giving up some of their gains from the previous day, when they surged on news of a takeover proposal from Canada’s Alimentation Couche-Tard. While the value of the offer has not been disclosed, it would make...
Europe’s Jupiter probe to stage daring lunar-Earth fly-by
Date: August 20, 2024
By Tim Hepher PARIS (Reuters) -European scientists were poised to attempt a first in orbital gymnastics late on Monday, tapping into the gravity of the Moon and then the Earth in quick succession to guide the JUICE probe towards Jupiter in the first-ever double slingshot manoeuvre. Just over a year after it was launched,...