Carmakers Adjust Electrification Plans as EV Demand Slows

Sept 6 Reuters Japan39;s Toyota Motor has reportedly slashed its electric vehicle production plans for 2026 by a third, the latest automaker to roll back EV plans amid slowing demand. The global sales of EVs either fully electric or plugin hybrid rose 20 in the first half of 2024, slower than expected, data from market research firm Rho Motion showed. Europe saw […]
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Japans Seven i Rejects CoucheTards 38.5B Takeover Offer

Canadian company offered 14.86 cash per share for 7Eleven operator Target warns deal would likely face significant US antitrust challenges CoucheTard39;s proposal unlikely to be its last and best offeranalyst TOKYO, Sept 6 Reuters Japanese retail giant Seven i Holdings 3382.T, opens new tab said on Friday it had turned down Canada39;s Alimentation CoucheTard39;s ATD.TO, opens new tab 38.5 […]
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German Industrial Output Slumps, Fueling Recession Fears

Sept 6 Reuters German industrial production fell more than expected in July, driven mainly by weak activity in the automotive sector, spurring fears that Europe39;s largest economy could contract again in the third quarter. Production fell by 2.4 compared with the previous month, the federal statistics office said on Friday. Analysts polled by Reuters had […]
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Oil Steadies ahead of Key US Jobs Report

Sept 6 Reuters Oil prices ticked up in Asian trading on Friday, with investors exercising caution ahead of key U.S. employment data as they weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC producers. Brent crude futures rose 13 cents to 72.82 by 0507 GMT, and U.S. West […]
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Sterling Holds as PrePayrolls Inertia Grips Markets

LONDON, Sept 6 Reuters The pound trod water on Friday, ahead of U.S. employment data that could intensify volatility later in the day as investors figure out whether the Federal Reserve will be forced to deliver an outsized rate cut this month or not. Sterling , which is heading for a 0.3 rise against the […]
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