BYD Sets Sights on Aggressive Expansion in Vietnam

HANOI, July 18 Reuters Chinese electric vehicle giant BYD on Thursday outlined plans to aggressively expand its dealership network in Vietnam as it opens its first stores in the country this week, posing a formidable challenge to local rival VinFast . Thirteen BYD dealerships will open their doors to the Vietnamese public on Saturday and the […]
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New Zealand Inflation Slowed more than Expected, U.K Inflation Data Reported Marginally Higher, Gold Lower, Crude Oil Higher, U.S. Stocks Retreat. Bitcoin Slowdown

Previous Trading Days Events 17.07.2024 Inflation in the U.K. eased less than expected and a key core measure of prices barely dropped. The consumer price index CPI rose by 2.3 in the 12 months to April, down sharply from Marchs 3.2 increase and its lowest since July 2021, the Office for National Statistics said. Services […]
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Asia Tech Stocks Skid on Deepening SinoUS Chip War

Asia chip stocks extend Wall Street39;s selloff TSMC, Tokyo Electron, SK Hynix among biggest losers TSMC due to report earnings later on Thursday SINGAPORE, July 18 Reuters Chip stocks in Asia tumbled on Thursday, tracking a heavy selloff on Wall Street spurred by a news report that the United States was mulling tighter curbs on exports of advanced semiconductor […]
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Gold Prices Shine on US RateCut Optimism

U.S. firms point to slowing activity, Fed survey shows Fed39;s Barkin says disinflation seems to be broadening July 18 Reuters Gold prices rose on Thursday, hovering near a record high scaled in the previous session, as rising anticipation of a U.S. interest rate cut in September lifted demand for nonyielding bullion. Spot gold was up […]
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Sterling Dips, UK Wage Data Muddles BoE Outlook

LONDON, July 18 Reuters The pound dipped on Thursday, but still headed for a fourth weekly gain versus the dollar, after another round of UK data fed into the view that the Bank of England may not have as much scope to cut rates at its August meeting. Official UK data showed average weekly earnings excluding bonuses […]
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