China unveils $72 billion tax break for EVs, other green cars to spur demand
(Reuters) – China unveiled on Wednesday a 520 billion yuan ($72.3 billion) package to boost sales of electric vehicles (EVs)…
Hyundai considers adopting Tesla charging standard
Hyundai (KS:005380) held its 2023 CEO Investor Day on Tuesday where CEO Jaehoon Chang revealed that the South Korean automaker…
Wall St falls as Fed worries weigh; Tesla climbs
(Reuters) – Wall Street’s main indexes fell on Tuesday as better-than-expected housing data fueled worries of more interest rate hikes…
Embraer bags fresh Binter, American Airlines orders for E-Jets
(Reuters) – Brazilian planemaker Embraer on Tuesday notched fresh orders from American Airlines (NASDAQ:AAL), Spanish carrier Binter and lessor Avolon…
Paris air show: India centre stage as another big jet deal lands
(Reuters) – India dominated the Paris Airshow for a second day on Tuesday, as Air India finalized a huge order…
Analysis-Forex derivatives nudged out into the open as regulations increase costs
(Reuters) – Foreign-exchange investors are moving more of their over-the-counter (OTC) derivatives trades to lookalike products on exchanges to avoid…
Crude oil lower; China rate cut fails to lift sentiment
Oil prices edged lower Tuesday, trading in a choppy fashion as traders digested the latest interest rate cut in China…
Deutsche Bank’s new retail boss primed for sector shake-up
(Reuters) – Deutsche Bank (ETR:DBKGn)’s new retail boss wants to get cyber-savvy youth into bank branches and put the bank…
Hyundai increases annual EV investment to $28B
Hyundai Motor (KS:005380) (OTC:HYMLY) announced Tuesday that the Korean multi-national automaker plans to raise its average annual investment in electrification…
Nike shares slide as Morgan Stanley highlights potential inventory challenges
Nike (NYSE:NKE) shares are down more than 2% premarket on the back of a note from Morgan Stanley that stated…