Blog 3 Columns

Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War 0

Slashed prices have given Tesla (NASDAQ:TSLA)’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-moving rivals in the world’s biggest electric vehicle market. Most immediately, Tesla’s January price cuts drove deliveries of its China-made vehicles up 18%

Nissan, Renault To iInvest $600 Million To Make New Models In India 0

Nissan (OTC:NSANY) Motor Co and Renault SA (OTC:RNLSY) said on Monday they would invest $600 million to make six new models in India. The Japanese and French automakers will work on the projects from their base in Chennai, turning it into an export hub, they said in a statement. The six models, with each automaker

Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -Sources 0

SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to three sources familiar with the situation. The layoffs come as SoftBank tries to set up a public listing for Arm this year. The China market has been

Exclusive-Intel Weighs Boost To Investment In Vietnam Chip Packaging Plant -Sources 0
- Uncategorized
- February 10, 2023
Intel Corp is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and packaging plant in the Southeast Asian nation, two sources familiar with the matter told Reuters. The possible move, which one source said could be worth about $1 billion, would signal a growing role for Vietnam
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Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged 0
- Uncategorized
- February 10, 2023
Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank of Australia (RBA) said domestically-sourced cost pressures were still picking even if
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AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand 0
- Uncategorized
- February 9, 2023
AstraZeneca PLC (LON:AZN) posted better-than-expected core income in the fourth quarter, thanks to strong demand for its cancer and rare disease therapies that helped make up for waning sales of its COVID-19 vaccine. Core earnings per share during the three months ended on December 31 was $1.38, a drop in actual terms of 17% compared
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Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build 0

Oil prices were muted on Thursday as hawkish comments from Federal Reserve officials supported the dollar and brewed some concerns over more interest rate hikes, while U.S. crude inventories also logged a seventh straight week of builds. Hawkish overnight comments from Federal Reserve officials saw markets reassessing their outlook for U.S. interest rate hikes this

Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth 0

Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. “2023 will be another

Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings 0

Economy

February 7, 2023

U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk-sensitive assets ahead of key speeches set to be delivered by Federal Reserve officials later in Tuesday’s session. By 18:30 ET (23:30 GMT) Dow Jones futures, S&P

Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War 0

Nissan, Renault To iInvest $600 Million To Make New Models In India 0

Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -Sources 0

Exclusive-Intel Weighs Boost To Investment In Vietnam Chip Packaging Plant -Sources 0

Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged 0

AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand 0

Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build 0

Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth 0

Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings 0

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