Yuan’s exchange rate system managed by PBOC permits 2% fluctuation
On Tuesday, the People’s Bank of China (PBOC) continued to manage the yuan’s exchange rate against the U.S. dollar using…
Mercedes-Benz sales dip slightly in Q3 on model changes, lack of parts
(Reuters) – Sales of Mercedes-Benz (OTC:MBGAF) cars dipped slightly in the third quarter with a steeper drop in China and…
Bain Capital delays Virgin Australia listing until next year – source
(Reuters) – Bain Capital has put off its plans for an initial public offering of Virgin Australia airline to next…
U.S. employers covering weight-loss drugs could nearly double in 2024 – survey
(Reuters) – The number of U.S. employers who cover obesity medications, including Wegovy from Novo Nordisk (NYSE:NVO) that belongs to…
Tesla’s China-made EV sales volume falls 10.9% year-on-year in Sept
(Reuters) – U.S. automaker Tesla (NASDAQ:TSLA) sold 74,073 China-made electric vehicles (EVs) in September, a 10.9% decrease from a year…
Country Garden says can’t meet all offshore debt payments, setting stage for revamp
(Reuters) -Country Garden warned on Tuesday about its inability to meet offshore debt obligations, potentially joining a growing list of…
Airlines suspend Israel flights amid Gaza war
(Reuters) – Several international airlines have suspended flight services with Tel Aviv after the surprise attack by Hamas militants on…
Global banking watchdog dismisses need for change after Credit Suisse debacle
(Reuters) – A global body with banking oversight has played down the rescue of Credit Suisse, saying there was no…
Asian shares rally in sync with Wall Street amid dovish Fed remarks
Asian shares and bonds rallied on Tuesday, mirroring Wall Street’s performance, following Federal Reserve’s dovish remarks suggesting that rising Treasury…
European stocks higher; Fed speakers soothe nerves, BMW gains
European stock markets rose Tuesday, with investors returning their focus to potential central bank moves while keeping an eye on…