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GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV 0

January 7, 2023

General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in

Weekly Comic: China’s Precarious Reopening 0

देश

January 6, 2023

China’s dash for herd immunity from COVID-19 may not be the miracle cure for its economic ills that markets seem to think. Global markets have owed their bright start to the year largely to hopes that the world’s second-largest economy will quickly reap the benefits of dropping the harsh public health restrictions that slowed the

Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited 0

Market

January 6, 2023

The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day,

Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears 0
- Gold
- January 4, 2023
Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as concerns over a looming recession and
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Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes 0
- forex
- January 4, 2023
Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was dented by a warning from the
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China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin 0
- Economy
- January 3, 2023
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.0 in December, higher than forecasts
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