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China’s BYD expects to swiftly lift sales in Germany, executive tells FAS By Reuters
FRANKFURT (Reuters) - Chinese electric car maker BYD (SZ:) executive vice president Stella Li said she expects its sales in Germany to increase within six months. BYD will gain a foothold in Germany in “less than half a year,” Li told the…
September Inflation Cools but Remains Sticky
It's a mixed bag of consumer price data, with annual inflation continuing to slow in September, hitting a three-year low, although the report was slightly hotter than expected.The Consumer Price Index (CPI) — a broad measure of the cost of…
Exclusive-Maldives picks Centerview as debt adviser amid financing crunch By Reuters
Written by Karen Strohecker LONDON (Reuters) - The Maldives has chosen U.S.-based Centerview Partners as its debt adviser as the country struggles to avert a financial crisis, two sources familiar with the situation said. Fears have grown…
USDCHF this week settles in a higher up and down trading range.
A week ago today, the USD/CHF pair broke to the upside and broke out of the “red box” that trapped the pair back to August 20. The US jobs report was the catalyst for the move to the upside, but by Monday, the price had fallen back to the…
Google wants US judge’s app store ruling put on hold By Reuters
By Mike Scarsella (Reuters) - Google Inc has asked a federal judge in California to halt a sweeping court order requiring it to open its Play app store to greater competition. In a lawsuit Friday night, Google said the injunction from U.S.…
EBC Financial Group Enhances Liquidity and Lowers Trading Costs on Major Stock Indices
Amid the global stock market recovery, EBC Financial Group (EBC) is enhancing liquidity for five major stock indices, including the US Dow Jones Index, Nasdaq, S&P 500, A50 (China), and Hang Seng Index (Hong Kong). This strategic move…
Pemex’s Deer Park oil refinery scales back operations after fatal accident By Reuters
MEXICO CITY/HOUSTON (Reuters) - Mexico's national oil company said in a statement late on Friday that Pemex's Deer Park oil refinery near Houston would operate over the weekend at a reduced level after a deadly chemical leak two days…
Bank of Canada business outlook survey says “demand is weak”
To me, this report is more important than today's jobs data.The Business Expectations Survey index remains negative, indicating broad-based weakness“Demand is weak, businesses have excess capacity, and price growth continues to slow” but…
Hundreds of Hilton hotel workers walk off the job in Seattle By Reuters
(Reuters) - More than 100 workers at the Hilton Hotel in Seattle have quit their jobs to demand higher wages, fair hiring and workloads and a reversal of coronavirus-era cutbacks, the United Here union said on Saturday. “The week-long…
China offers few details on stimulus in Saturday’s press conference
China's State Council Information Office held a long-awaited press conference on Saturday, chaired by Finance Minister Lan Fu'an.The market was hoping for more announcements on fiscal stimulus after media was told that an invitation said…
