BYD cuts 2025 sales target amid slowing growth: report
BYD has lowered its sales target for this year by as much as 16% to 4.6 million vehicles, Reuters reported earlier today, citing two people with knowledge of the matter.…
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After the Klarna IPO, are SpaceX, Stripe, Kraken, and Revolut next?
Some of the biggest finance news stories this week is the upcoming Gemini, Figure, and Klarna IPOs that will see them raise millions of dollars in the United States.These companies…
Asian markets open: Nikkei falls 0.41%, Sensex braces for a weak start
A profound and dramatic divergence is splitting the global financial world on Wednesday, as Asian markets defiantly break ranks with a wounded Wall Street. Instead of following America’s lead, the…
What next for the Scottish Mortgage share price as SMT retreats?
Scottish Mortgage stock price has surged in the past few months as technology companies have rebounded. It rose from a low of 776p in April to a high of 1,106p.…
Morning brief: Kim’s daughter fuels succession talk in Beijing; LME trading delayed
A day of high drama and unexpected developments is unfolding across the Asia-Pacific, as the international debut of Kim Jong Un’s young daughter in Beijing fuels intense succession speculation, a…
SovEcon raises Russian wheat export forecast for 2025-26, but initial shipments low
Leading agricultural consultancy SovEcon has revised upwards its projection for Russian wheat exports during the 2025-26 marketing season. The firm now anticipates Russia to ship a robust 43.7 million metric tons…
FTSE 100 Index forecast as the UK Gilt market implodes
The FTSE 100 Index continued its downtrend in the past few days, moving from the year-to-date high of £9,358 to a low of £9,160. This crash may continue as the…
Oil prices edge higher as OPEC+ meeting and US sanctions loom
Global oil markets are operating within a narrow band, with traders closely watching two key developments: the upcoming OPEC+ meeting on production levels and Washington’s next steps in targeting Russian…
Russia’s Gazprom boosts gas supplies to China, plans new pipeline
Gazprom, Russia’s state-owned gas company, has agreed to a slight increase in gas supplies to China through an existing pipeline. Additionally, a memorandum was signed for the construction of the large-scale…
Nestle CEO ouster: shares fall; doubts over Navratil’s strategy to weigh on sentiment
Nestle’s shares dropped nearly 3% as the markets opened on Tuesday after the Swiss food and beverage giant dismissed its chief executive, Laurent Freixe, following an internal probe into an…