Exclusive: China's state banks told to lower cap on dollar deposit rates -sources
reuters.com/markets/rates-bonds/chinas-state-banks-told-lower-cap-dollar-deposit-rates-sources-2023-06-06/
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| Last Updated | Jun 06 23 |
| Total Articles | 3 |
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Tesla share takes off in double digits: This is how Elon Musk can convince the stock market
boerse-online.de/nachrichten/aktien/tesla-aktie-hebt-zweistellig-ab-damit-kann-elon-musk-die-boerse-ueberzeugen-20355987.html
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
Blinken to meet businesses in Shanghai as he kicks off a tough China trip: U.S. Secretary of State Antony Blinken will meet business leaders in Shanghai on ...
reuters.com/world/blinken-meet-businesses-shanghai-he-kicks-off-tough-china-trip-2024-04-25/
Quick Glance: Deep Disagreements Despite Improved US-China Relations
- US Secretary of State Antony Blinken arrives in Shanghai to engage with his Chinese counterparts.
- Although US-China ties are on a steadier footing, numerous unresolved issues persist.
- Topics such as trade, military communication, and tensions in Taiwan strain relations.
- The US threatens sanctions against Chinese firms supporting Russia in the Ukraine conflict.
Asia Hawks on Alert After Indonesia Shock Rate Hike to Defend Rupiah (IDR USD): Investors are looking for the next policy domino to fall in Asia amid an ...
bloomberg.com/news/articles/2024-04-25/asia-s-hawks-get-put-on-alert-after-indonesia-s-shock-rate-hike
BHP's proposed bid for Anglo American is a big bet on copper: BHP Group's proposed $39 billion buyout of Anglo American is a big bet on copper that could spark a ...
reuters.com/markets/commodities/bhps-proposed-bid-anglo-american-is-big-bet-copper-2024-04-25/
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Apple loses top spot in China market with shipments down 6.6% in Q1, data shows: Apple lost its crown as China's biggest smartphone seller in the first quarter ...
reuters.com/technology/apple-loses-top-spot-china-market-with-shipments-down-66-q1-data-shows-2024-04-25/
Ford profit beats on commercial sales; EVs still dragging: Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street's expectations ...
reuters.com/world/us/fords-first-quarter-adjusted-profit-falls-2024-04-24/
Yen Approaches Intervention Point as BOJ Meeting Starts: Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to ...
bloomberg.com/news/articles/2024-04-25/yen-inches-closer-to-intervention-point-as-boj-meeting-starts
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Apple removes WhatsApp and Threads from China store under pressure from Beijing: Internet regulator orders delisting of two Meta-owned apps over ‘national ...
ft.com/content/17b0059b-14b5-42fa-a84f-7de7a05ac08a
Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
Apple's Q1 phone sales in China fall 19.1%, Huawei's up 70%: Apple's smartphone shipments in China tumbled 19% in the first quarter of the year ...
reuters.com/technology/apples-q1-phone-sales-china-fall-191-huaweis-up-70-2024-04-23/
Firebrand ex-Arm China CEO founds RISC-V processor startup: Allen Wu, former CEO of Arm China, founds RISC-V technology startup, set to rival Arm.
tomshardware.com/pc-components/cpus/firebrand-ex-arm-china-ceo-founds-risc-v-processor-startup
Nissan unveils four concept cars to fuel China comeback: Nissan Motor unveiled four concept cars for the Chinese market on Thursday as the Japanese carmaker ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
Nvidia is also there: Will these 2 AI stocks actually crash by up to 65% soon?: On Friday, AI stocks like Nvidia suffered a severe setback on the stock exchanges ...
boerse-online.de/nachrichten/aktien/auch-nvidia-ist-dabei-stuerzen-diese-2-ki-aktien-tatsaechlich-bald-um-bis-zu-65-ab-20355935.html
China's EV survival game creates peril - and power: By most measures, the last thing China needs is more electric cars crowding a market with more losers than ...
reuters.com/world/china/chinas-ev-survival-game-creates-peril-power-2024-04-24/
Biden announces immediate delivery of military aid to Ukraine: After the House of Representatives and Senate approved the new military aid for Ukraine ...
tagesschau.de/ausland/amerika/usa-biden-ukraine-hilfen-100.html
Focus: China's BYD seeks to redefine luxury for the EV generation: Chinese EV maker BYD will showcase its premium brand's first sedan at the Beijing auto show ...
reuters.com/business/autos-transportation/chinas-byd-seeks-redefine-luxury-ev-generation-2024-04-24/
China’s search for an answer to ChatGPT is just beginning: At depressed valuations, SenseTime offers a low-risk bet on a potential winner
ft.com/content/16bf83d1-0c51-456f-b283-8c7fe085ec68
Quick Glance: SenseTime Stock Surges 36% Post Latest AI Model Launch
- SenseTime's stock surged 36% after unveiling the latest SenseNova generative AI model.
- The company introduced SenseNova 5.0 at a Tech Day event in Shanghai, showcasing significant enhancements in linguistic and creative capabilities.
- SenseTime is part of the Chinese companies developing alternative AI platforms to compete with US counterparts.
- The launch of SenseNova 5.0 and SenseTime's efforts to boost growth amid intense competition and geopolitical tensions were emphasized.
Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...
businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4
Quick Glance: Elon Musk must be removed as CEO to save Tesla
- Tesla is struggling with declining sales, layoffs, and issues in China.
- Elon Musk is blamed for the company's state and his departure could save Tesla.
- Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.
China's Country Garden extends bonds to avoid first local default, Bloomberg News reports
reuters.com/markets/rates-bonds/chinas-country-garden-extends-bonds-avoid-first-local-default-bloomberg-news-2024-04-24/
How Tesla’s record-breaking run came crashing to a halt: Are the wheels finally falling off for Elon Musk’s half-a-trillion dollar company?
independent.co.uk/tech/tesla-robotaxi-sales-cybertruck-elon-musk-b2534104.html
F1 Drivers Surprised by China Track That's Been 'Repainted, Not Resurfaced'
thedrive.com/news/f1-drivers-surprised-by-china-track-thats-been-repainted-not-resurfaced
Yen's slide toward 160 level could trigger action, says senior ruling party official
reuters.com/markets/asia/yens-slide-toward-160-level-could-trigger-action-says-senior-ruling-party-2024-04-24/
Meta share collapses sharply: This is now making investors very worried: Meta share falls 12.5% after quarterly figures, disappointed with outlook and cost ...
boerse-online.de/nachrichten/aktien/meta-aktie-bricht-deftig-ein-das-macht-anlegern-jetzt-grosse-sorgen-20356089.html
Rescuers race to reach those trapped by floods in China's Guangdong: Floods swamped cities in southern China's densely populated Pearl River Delta following ...
reuters.com/world/china/rescuers-race-reach-those-trapped-by-floods-chinas-guangdong-2024-04-22/
Bitcoin Holds Steady After ‘Halving’ Concludes: Bitcoin price falls slightly after the fourth ‘halving’ event concludes.
barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-6266eba3
Paid articlePaid ZiG/USD: Zimbabwe's New Currency to Spur De-Dollarization, Vice President Says
bloomberg.com/news/articles/2024-04-24/-zig-usd-zimbabwe-s-zig-a-step-toward-abandoning-us-dollars-official-says
Paid articlePaid
Ringgit rebounds on softer US$ after PMI data: KUALA LUMPUR: The ringgit rebounded in early trade Wednesday as the US dollar retreated after S&P Purchasing ...
thestar.com.my/business/business-news/2024/04/24/ringgit-rebounds-on-softer-us-after-pmi-data
Doritos and Oreos for Dinner? Big Junk Food Steps Up Its Push: Meanwhile, the multibillion-dollar industry is telling the anti-processed foods movement to chill ...
bloomberg.com/news/articles/2024-04-23/doritos-and-oreos-for-dinner-big-junk-food-steps-up-its-push
Paid articlePaid Chinese flying taxi sector claims global lead thanks to regulatory support: Shanghai’s AutoFlight wins approval for unmanned aircraft in nascent market forecast ...
ft.com/content/c181d6ab-e560-427c-9254-9cadb62889b5
Former US President in court: The most important quotes from the opening statements in the Trump trial
spiegel.de/ausland/donald-trump-die-wichtigsten-zitate-aus-den-eroeffnungsplaedoyers-im-prozess-a-86e04eea-cd27-4425-902c-89019d2d046f
US business group says policy ‘inconsistency’ hurting China investment: AmCham China highlights concerns about lack of regulatory clarity as Beijing seeks to ...
ft.com/content/849d5186-f955-43e5-90a5-e0968118fcce
Formula 1: Zhou Guanyu bursts into tears after Shanghai race!: What emotional scenes! After the Chinese driver crosses the finish line, tears stream down his ...
rtl.de/cms/formel-1-zhou-guanyu-bricht-nach-shanghai-rennen-in-traenen-aus-5084601.html
Boeing 737 Max: Company loses billions in first quarter: The crisis surrounding the problem aircraft is costing the manufacturer Boeing a lot: the aircraft ...
faz.net/aktuell/wirtschaft/unternehmen/boeing-737-max-unternehmen-verliert-im-ersten-quartal-milliardensumme-19676691.html
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Trump sounds alarm on strong dollar boomeranging over Asia: The power of the dollar over weaker Asian currencies is attracting attention as the prospect of ...
thehill.com/business/4615958-trump-sounds-alarm-on-strong-dollar-boomeranging-over-asia/
Verstappen adds China to his list of victories: Triple world champion Max Verstappen won Formula One's first Chinese Grand Prix in five years on Sunday with ...
reuters.com/sports/formula1/verstappen-adds-china-his-list-victories-2024-04-21/
Apple's Q1 phone sales in China fall 19.1%, Huawei's up 70%: Apple's smartphone shipments in China tumbled 19% in the first quarter of the year ...
reuters.com/technology/apples-q1-phone-sales-china-fall-191-huaweis-up-70-2024-04-23/
NGN/USD: Nigeria’s FX Reserves Plunge In Tandem With Naira Rebound: Nigeria is burning through foreign-exchange reserves at a rate not seen in four years ...
bloomberg.com/news/articles/2024-04-16/ngn-usd-nigeria-s-fx-reserves-plunge-in-tandem-with-naira-rebound
Paid articlePaid Verstappen wins Chinese GP sprint race: Red Bull's triple world champion Max Verstappen won the first sprint race of the Formula One season at the Chinese Grand ...
reuters.com/sports/formula1/verstappen-wins-chinese-gp-sprint-race-2024-04-20/
Quick Glance: Chinese Grand Prix: Drama for Verstappen's Victory March?
- The Chinese Grand Prix could bring drama to Formula 1, and Red Bull's Max Verstappen isn't a guaranteed winner.
- The track is unknown and coated with thin asphalt, causing uncertain driving conditions.
- McLaren's Lando Norris secured the pole for the sprint race after a rainy qualifying session that challenged drivers.
- Practices revealed unusual names at the top, hinting at an entertaining race ahead.
Japanese yen hits fresh 34-year low despite verbal intervention from authorities
cnbc.com/2024/04/25/japanese-yen-hits-fresh-34-year-low-despite-verbal-intervention-from-authorities-.html
Quick Glance: Market Volatility in Asia: Impact of Meta's Losses
- The depreciation of Asian currencies against the U.S. dollar and potential actions by monetary authorities are at the forefront of Asian markets.
- Post-market gains from U.S. tech giant Meta could impact Asian markets as shares dropped by 10% after trading hours.
- Concerns surrounding currencies are escalating as the dollar breached 155.00 yen on Wednesday without any indication of intervention from Japanese authorities. Will Tokyo take action?
- Given the current environment that led to a rare joint statement on exchange rates from the United States, Japan, and South Korea this month, no possibilities can be ruled out.
Trump campaign asks for portion of fundraising from candidates who use his name or image
thehill.com/homenews/campaign/4602450-trump-campaign-fundraising-candidates-2024-november/
Quick Glance: Trump campaign seeks share of candidates' donations
- The Trump campaign asks Republican candidates using his name and image in fundraising appeals to give at least 5 percent of the proceeds to the campaign.
- The purpose of the 5 percent request is to prevent 'scammers' from misusing Trump's brand and affecting his fundraising efforts.
- Trump is struggling to catch up to Biden's fundraising and aims to boost his campaign account with the help of donors.
- The campaign warns of consequences for vendors and requests compliance with guidelines to avoid suspension of business relationships.
China AI Gold Rush Sees Retail Traders Hunting for Obscure Winners: Hunt is on for potential homegrown winners – however obscure – as China builds out an ...
bloomberg.com/news/articles/2024-04-19/china-ai-gold-rush-sees-retail-traders-hunting-for-obscure-winners
China's technological development has run out of steam: Nina Xiang is managing director at TH Capital, an investment advisory and asset management firm ...
asia.nikkei.com/Opinion/China-s-technological-development-has-run-out-of-steam
Paid articlePaid Asia’s central bankers struggle to contain strong US dollar: Shifting US interest rate expectations put pressure on Japan’s yen and China’s renminbi
ft.com/content/ad6c7827-a476-412d-899f-a1a12845b6e5
Ricciardo blasts Stroll after Chinese GP collision: Daniel Ricciardo accused Lance Stroll of not looking where he was going after the Aston Martin driver said an ...
reuters.com/sports/formula1/ricciardo-blasts-stroll-after-chinese-gp-collision-2024-04-21/
Bloomberg: Blinken to warn Beijing over support for Russia in upcoming trip to China
kyivindependent.com/bloomberg-blinken-to-warn-beijing-over-support-for-russia-in-upcoming-trip-to-china/
Recto Sees Philippine Rate-Cut Delay Risk If Peso Down to 59: Philippine Finance Secretary Ralph Recto cautioned that his nation may see a delay in interest-rate ...
bloomberg.com/news/articles/2024-04-19/philippines-recto-sees-rate-cut-delay-risk-if-peso-sinks-to-59
Asia Budget-Store Billionaires Get Richer From Inflation Pain: Not everyone is a loser when it comes to inflation.
bloomberg.com/news/articles/2024-04-17/billionaires-selling-cheap-stuff-get-richer-from-inflation-pain
5* Le Grande Bali in Bali, Indonesia for only $28 USD per night: Stay at the 5* Le Grande Bali in Bali, Indonesia for only $28 USD per night.
secretflying.com/posts/5-le-grande-bali-in-bali-indonesia-for-only-28-usd-per-night/
PBOC’s Easier Yuan Defense (CNY USD) May Stem From Trade-Weighted Strength: Beijing’s currency defense against the dollar risks coming undone by the side effect ...
bloomberg.com/news/articles/2024-04-18/pboc-s-easier-grip-on-yuan-may-stem-from-trade-weighted-strength
Paid articlePaid Bitcoin XBTUSD Halving Cuts Supply of New Tokens in Threat to Miners: A highly anticipated Bitcoin software update called the “halving” has been completed ...
bloomberg.com/news/articles/2024-04-20/bitcoin-halving-cuts-supply-of-new-tokens-in-threat-to-miners
Paid articlePaidQuick Glance: Bitcoin 'Halving' Completed, CoinGecko Reports
- Bitcoin, the world's largest cryptocurrency, completed its 'halving' on Friday, a phenomenon that occurs roughly every four years according to CoinGecko.
- Following the 'halving', Bitcoin remained relatively stable, dropping by 0.47% to $63,747.
- The 'halving' was integrated into Bitcoin's code at its inception to reduce the rate of new Bitcoins being created.
- Experts are divided on whether the upcoming 'halving' will boost Bitcoin's price, with some viewing it as already factored in, while others remain skeptical.
‘Six spellbinding and thought-provoking novels’: why we chose the Women’s prize for fiction shortlist
theguardian.com/books/2024/apr/24/womens-prize-for-fiction-shortlist-why-we-chose-monica-ali
Hamilton says he had forgotten what it's like to lead: Seven-times Formula One world champion Lewis Hamilton said he had forgotten what it feels like to lead a ...
reuters.com/sports/formula1/hamilton-says-he-had-forgotten-what-its-like-lead-2024-04-20/
ZIG/USD: Zimbabwe's Currency Crisis Is Benefitting Small Informal Traders: The country has introduced a new currency to stop retailers from losing ground to ...
bloomberg.com/news/articles/2024-04-16/zig-usd-zimbabwe-s-currency-crisis-is-benefitting-small-informal-traders
Paid articlePaid
Tesla cuts prices for 3 of its EV models in US following a difficult week: Tesla knocked USD 2,000 off the prices of three of its five models in the United ...
business-standard.com/world-news/tesla-cuts-prices-for-3-of-its-ev-models-in-us-following-a-difficult-week-124042000759_1.html
Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
Tesla cuts prices in US, China and Germany as competition heats up: Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices ...
cnn.com/2024/04/22/cars/tesla-price-war-china-germany-us-intl-hnk/
Quick Glance: Tesla cuts prices in US, China and Germany as competition intensifies
- Tesla has announced aggressive price cuts in China and Germany, shortly after reducing prices in the United States, as the world’s largest maker of electric vehicles (EV) faces declining sales and growing competition in major markets.
- The prices of four models were slashed in China by 14,000 yuan ($1,932), while in Germany, the price of the Model 3 rear-wheel drive was lowered by 2,000 euros ($2,132). Earlier cuts were made in the US, with prices of three models reduced, while prices for the Model 3 and Cybertruck remained unchanged.
- The price cuts come during a tough time for Tesla, with a significant stock plunge and a drop in quarterly deliveries. Elon Musk postponed his planned India trip due to company obligations. In China, Tesla's price cuts escalate an existing price war in a highly competitive sector influenced by other manufacturers like BYD offering more affordable options.
- The price wars in China began in 2022 and continue with over 30 car makers announcing further price reductions, impacting the entire auto industry's profit margins. Competitors like BYD and XPeng are also offering subsidies and lowering prices to attract buyers in the EV market, posing challenges to Tesla's market dominance.
China’s big cities are sinking: Groundwater extraction and heavy skyscrapers are key factors in an accelerating trend
english.elpais.com/science-tech/2024-04-19/chinas-big-cities-are-sinking.html
The Five Futures of Russia: And How America Can Prepare for Whatever Comes Next: And how America can prepare for whatever comes next.
foreignaffairs.com/russian-federation/five-futures-russia-stephen-kotkin
Paid articlePaid Aston Martin's Stroll fastest in Chinese Grand Prix practice: Aston Martin's Lance Stroll lapped fastest in Friday's sole free practice session for the Formula ...
reuters.com/sports/formula1/aston-martins-stroll-fastest-chinese-grand-prix-practice-2024-04-19/
Non-stop from Bangkok, Thailand to Hong Kong for only $117 USD roundtrip: Non-stop flights from Bangkok, Thailand to Hong Kong for only $117 USD roundtrip.
secretflying.com/posts/bangkok-thailand-to-hong-kong-for-only-149-usd-roundtrip/
Sipri report: Global military spending at all-time high: With many wars and conflicts, global military spending rose to an all-time high last year ...
zdf.de/nachrichten/politik/ausland/sipri-militaerausgaben-waffen-100.html
China state fund pours $41 bln into stock market in Q1, reports show: Chinese state fund Central Huijin Investment bought blue-chips worth at least $41 billion ...
reuters.com/world/china/china-state-fund-pours-41-bln-into-stock-market-q1-reports-show-2024-04-22/
Bitcoin Keeps Falling. More Losses May Come Before ‘Halving’ Ushers in $100,000.: Bitcoin prices have fallen this week ahead of a key crypto catalyst ...
barrons.com/articles/bitcoin-ethereum-price-crypto-markets-today-ab15b162
Paid articlePaid Billion-dollar package: US House of Representatives approves aid for Ukraine: Republicans in the US House of Representatives have been blocking further military ...
spiegel.de/ausland/us-repraesentantenhaus-gibt-hilfen-fuer-ukraine-frei-a-7f595f56-72de-4b59-8118-14d229da6db7
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head: Chinese brokerage Haitong Securities removed Lin Yong from chief executive of ...
reuters.com/business/finance/brokerage-haitong-removes-long-term-hong-kong-unit-chief-lin-appoints-new-head-2024-04-24/
With just three stocks, Bill Gates earns $1 million in dividends every day: Bill Gates earns over $1 million a day from dividends from Microsoft ...
boerse-online.de/nachrichten/aktien/mit-nur-drei-aktien-verdient-bill-gates-jeden-tag-1-million-dollar-dividende-20355569.html
Scoop: Obama joins Biden in new digital ads aimed at small-dollar donors: The jokey, folksy ads are heavy on the two presidents' buddy routine.
axios.com/2024/04/19/biden-obama-ads-donations-small-dollar-donors
China’s Big Data Release to Show If Economy Rebounded
bloomberg.com/news/live-blog/2024-04-16/china-quarterly-gdp-key-data
Dollar's dominant reserve currency status to endure, says Morgan Stanley: The U.S. dollar's dominant reserve currency status is likely to endure partly because ...
reuters.com/markets/currencies/dollars-dominant-reserve-currency-status-endure-says-morgan-stanley-2024-04-18/
Kuala Lumpur, Malaysia to Perth, Australia for only $172 USD roundtrip: Cheap flights from Kuala Lumpur, Malaysia to Perth, Australia for only $172 USD roundtrip ...
secretflying.com/posts/kuala-lumpur-malaysia-perth-australia-240-usd-roundtrip/
Sterling wavers as markets gauge reported Israeli attack on Iran: The pound was little changed on Friday after falling to a five-month low against the dollar in ...
reuters.com/markets/currencies/sterling-wavers-markets-gauge-reported-israeli-attack-iran-2024-04-19/
Fee for platform X: Musk: new users should pay: Anyone who sets up a new account on X will have to pay in future. Elon Musk wants to beat annoying bots with a ...
zdf.de/nachrichten/wirtschaft/unternehmen/musk-x-gebuehr-100.html
Quick Glance: Musk Plans Fee for New X Users
- Elon Musk intends to charge new users of X in the initial months to curb the activity of automated bot accounts.
- The fee is set to be waived after three months to allow free posting.
- Tests in New Zealand and the Philippines raised skepticism about the effectiveness of the fee as a countermeasure against bots.
- Declining revenues at X post-rebranding and Twitter acquisition, along with a negative brand perception by companies, are impacting the service's business.
"Gender pay gap" in basketball: super-talented Caitlin Clark's salary causes outrage
spiegel.de/sport/basketball/gender-pay-gap-im-basketball-gehalt-von-caitlin-clark-sorgt-fuer-empoerung-a-0e06030e-1af4-4720-a5b1-6e9887e6180f
China leaves benchmark lending rates unchanged, in line with expectations: China left benchmark lending rates unchanged at a monthly fixing on Monday ...
reuters.com/world/china/china-leaves-benchmark-lending-lprs-unchanged-line-with-expectations-2024-04-22/
Asia Steps Up Currency Defense as Mideast Strife Roils Market: Central banks from Jakarta to Seoul intensified the defense of their currencies ...
bloomberg.com/news/articles/2024-04-19/asia-steps-up-currency-defense-as-mideast-strife-roils-market
Paid articlePaid
China taking preventative measures to head off US secondary-sanction threat: Russia’s economy is feeling squeezed.
eurasianet.org/china-taking-preventative-measures-to-head-off-us-secondary-sanction-threat
Indian rupee drops to record low as risk aversion boosts dollar: The Indian rupee opened to a record low on Friday as reports of Israeli strikes in Iran prompted ...
reuters.com/markets/currencies/indian-rupee-drops-record-low-risk-aversion-boosts-dollar-2024-04-19/
Tesla cuts prices in China, Germany and around globe after US cuts: Tesla has cut prices in a number of its major markets, including China and Germany ...
reuters.com/business/autos-transportation/tesla-cuts-prices-across-its-line-up-china-2024-04-21/
Quick Glance: Tesla responds to declining sales with global price reductions
- Tesla has lowered prices in various key markets, including China and Germany, to address the declining sales and increasing price competition for electric vehicles.
- The recent price reductions come in light of a decrease in Tesla's global vehicle deliveries in the first quarter, marking the first time in nearly four years.
- The starting price of the revamped Model 3 in China was reduced by 14,000 yuan to 231,900 yuan. Similarly, in Germany, the price of the rear-wheel-drive Model 3 was decreased from 42,990 euros to 40,990 euros.
- In addition to the mentioned price cuts, there were reductions in many other countries across Europe, the Middle East, and Africa. Prices for the Model Y, Model X, and Model S vehicles in the US were decreased by $2,000. Moreover, Tesla slashed the price of its Full Self-Driving Software in the US from $12,000 to $8,000.
Slide Over, Auntie: Young Chinese Find Tasty Meals in Senior Canteens: The community canteens, offering huge plates for a dollar or two, have become popular ...
nytimes.com/2024/04/23/business/shanghai-tongxinhui-community-canteen.html
NGN/USD: Nigeria’s FX Reserves Plunge In Tandem With Naira Rebound: Nigeria is burning through foreign-exchange reserves at a rate not seen in four years ...
bloomberg.com/news/articles/2024-04-16/ngn-usd-nigeria-s-fx-reserves-plunge-in-tandem-with-naira-rebound
Paid articlePaid Xiaomi says sales of its electric car 3-5 times higher than expected: Sales of Chinese smartphone maker Xiaomi's first electric car have been 3-5 times higher ...
reuters.com/business/autos-transportation/xiaomi-says-sales-its-new-ev-have-been-3-5-times-higher-than-expected-2024-04-18/
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