Tesla’s China EV Sales Drop 31% in July, BYD Gains Ground

Tesla’s China EV Sales Drop 31% in July, BYD Gains Ground

According to data released by the China Passenger Car Association (CPCA) on the 3rd, US electric vehicle (EV) giant Tesla sold 64,285 new EVs made in China in July, down 31% from the previous month. Photo taken in January 2021 (2023 REUTERS/Tingshu Wang/File Photo) BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle giant Tesla’s sales of new … Read more

World Bank Forecasts Higher Real GDP Growth in 2023, but Cuts Forecast for 2024

In its latest World Economic Outlook, the World Bank forecast growth of 2.1% in 2023, up from 1.7% in its previous forecast released in January. FILE PHOTO/Johannes P. Christo/File Photo/File Photo/File Photo WASHINGTON (Reuters) – The World Bank forecast real GDP growth of 2.1% in 2023 in its latest World Economic Outlook released on Wednesday, … Read more

Saudi Aramco’s net profit rises 46% year-on-year to record high

Saudi Arabia’s state oil company Saudi Aramco announced on March 12 that it posted a record net profit of $161.1 billion in 2022, up 46% from the previous year. Soaring energy prices, increased sales volumes, and expanded refining margins provided tailwinds. FILE PHOTO: An oil facility in Abqaiq, Saudi Arabia, December 2019. REUTERS/Maxim Shemetov DUBAI … Read more

East Elek Expects Strong Decline In Profits During This Period Semiconductor Manufacturers Postpone Investments | Reuters

TOKYO (Reuters) – Tokyo Electron said Thursday it lowered its consolidated operating profit forecast for the fiscal year ended March 31, 2023 to 546 billion yen, down 8.9% from the year. previous one. Earnings are expected to rise 19.5% to 716 billion yen, but earnings are expected to decline. In addition to the impact of … Read more

Mitsubishi UFJFG’s April-December net income increased 3.3% to reach 607.0 billion yen FYtarget | Reuters

February 4 Mitsubishi UFJ Financial Group announced that its consolidated net income for the April-December period of 2020 increased 3.3% year-on-year to 607 billion yen, reaching the annual forecast of 600 billion yen. The photo was taken in Tokyo in September 2017 (2021 Reuters / Kim Kyung-Hoon) [Tokyo 4th Reuters]–Mitsubishi UFJ Financial Group announced on … Read more

STOCK MARKET TICKER Irish benchmark index at 13-year high thanks to Brexit deal

Frankfurt, December 29th (Reuters) – The following is the stock exchange ticker for important price movements on the international financial markets and their causes: 1:01 p.m. – The UK-EU free trade agreement relief gives the Irish stock market a boost. The leading index of the Dublin Stock Exchange rose by 1.4 percent on the first … Read more

Daimler benefits from corona restrictions in China when it comes to sales

FILE PHOTO: The Daimler logo is seen before the carmaker’s annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal Hanschke/File Photo Munich (Reuters) – According to Daimler, the booming business with luxury cars in China is also being fueled by travel restrictions as a result of the corona pandemic. Instead of spending their money … Read more

STOCK MARKET TICKER Renewed deadline in Brexit dispute pushes pound

Frankfurt, Dec 10th (Reuters) – The following is the stock exchange ticker for important price movements on the international financial markets and their causes: 8:45 am – The renewed extension of the deadline for an agreement in the Brexit dispute “by the end of the weekend” is causing problems for the pound sterling. The British … Read more

Credit Suisse predicts write-down of 450 million

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann Zurich (Reuters) – Credit Suisse is making a write-down on its stake in the York Capital Management hedge fund. The amount of the impairment will be examined as part of the annual … Read more

STOCK MARKET TICKER fireworks at Cineworld thanks to new loans

Frankfurt, Nov 23 (Reuters) – The following is the stock exchange ticker for important price movements on the international financial markets and their causes: 11:53 a.m. – Investors are relieved to respond to new credit lines for Cineworld. The shares of the world’s second largest cinema chain in London rise by almost 27 percent to … Read more