November 2023 – Page 39 – UAG Trade Asia

EV Demand in Europe to Slow as Customers await Affordable Electric Cars

November 14, 2023
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BERLINLONDON, Nov 13 Reuters After years of accelerating growth, Europe39;s electric car sales appear to be entering a goslow zone as drivers wait for better, cheaper models that are two to three years down the road. Fullyelectric sales in Europe were up 47 in the first nine months of 2023, but instead of celebrating, automakers […]

November 14, 2023
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FRANKFURT, Nov 13 Reuters Euro zone economic growth will remain weak in the near term as services and the labour market weaken but nations in the bloc should not free discretionary bank buffers to ease the pain, European Central Bank Vice President Luis de Guindos said. Some of the euro zone39;s biggest countries have implemented […]

November 14, 2023
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ATHENS, Nov 13 Reuters Greece on Monday announced plans to sell a 20 stake in National Bank of Greece NBG after concluding the sale of a 9 stake in Alpha Bank to UniCredit as it looks to divest from the country39;s lenders. The shares in NBG , Greece39;s second largest bank by market value, will be sold […]

November 13, 2023
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LONDON, Nov 13 Reuters Sterling edged higher on Monday after British Prime Minister Rishi Sunak reshuffled his cabinet, appointing former PM David Cameron as foreign minister and firing interior minister Suella Braverman. The reaction in the financial markets was modest and analysts said the direction for sterling in the nearterm would be driven by economic data […]

November 13, 2023
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PREVIOUS TRADING DAY EVENTS 10 Nov 2023 A sudden jump in the price of U.S. indices took place on Friday. All main indexes ended with big gains as they were boosted by heavyweight tech and growth stocks. We have had rates roll over here a little bit and I think thats one of the reasons […]

November 13, 2023
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UK39;s Phoenix ups cash target, shares jump Technip Energies drops on Barclays rating downgrade Landlord SBB slides as Q3 loss widens Nov 13 Reuters European shares rose on Monday, aided by healthcare, with investors awaiting a slew of data throughout the week for clarity on the economic outlook as major central banks advocate restrictive monetary […]

November 13, 2023
Finance
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FTSE 100 down 0.8, FTSE 250 adds 0.1 PM Sunak sacks interior minister Braverman Strong pay growth in UK spreads to public sector British Land sees strong rental growth, shares up Phoenix rises on raising cash target Nov 13 Reuters The UK39;s FTSE 100 started the week higher, led by a rise in industrial metal […]

November 13, 2023
Business
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Nov 13 Reuters Tullow Oil said on Monday it signed a 400 million fiveyear debt deal with Glencore to help manage its senior notes maturing through 2026 and will see the trading house take over marketing the crude from its flagship Ghana oilfields. The facility, with Glencore Energy UK Ltd, will be available to draw for 18 […]

November 13, 2023
Business
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SYDNEY, Nov 13 Reuters Australian pension fund AustralianSuper said on Monday it had rejected an eleventh hour offer from a Brookfieldled consortium and its partner EIG to drop opposition to their 10.5 billion bid for Origin Energy and join the takeover. The A300 billion fund, Australia39;s largest, had rejected an unsolicited offer to acquire an […]

November 13, 2023
Business
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JOHANNESBURG, Nov 13 Reuters South Africa39;s biggest telecoms operator Vodacom reported a 4.2 drop in halfyear earnings on Monday, hit by the cost of starting operations in Ethiopia and higher interest rates. The company, which is majority owned by Britain39;s Vodafone, colaunched Safaricom Ethiopia last year, betting that the populous nation will power growth after about […]

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EV Demand in Europe to Slow as Customers await Affordable Electric Cars

Euro Zone Should not Ease Bank Buffers, ECB Says

Greece Starts Process to Sell 20 Stake in National Bank

GBP Edges Up, UKs Sunak Brings Back Cameron in Cabinet Reset

Consumer longterm inflation expectations increase, U.S. indices surge bouncing back, Gold and oil lower

European Shares Climb on Healthcare Boost, Novo Nordisk Hits 1Month High

Industrial Metal Miners, Phoenix Group Lift FTSE 100

Tullow in 400M Debt Deal, Ghana Oil Marketing Pact with Glencore

AustralianSuper Rejects Brookfield Offer to Join 10.5B Origin Takeover

S.Africas Vodacom HalfYear Profit Hit by Ethiopia Costs

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