Pet Economy Set to Surpass $500 Billion by 2030
Ada Li and Diana Rosero-Pena from Bloomberg Intelligence speak with Bloomberg News’ Katia Dmitrieva to discuss where the industry is heading.
Biden’s China tariffs miss the mark on onshoring clean-tech
The Biden administration has taken aim at Chinese clean-tech imports by raising the Section 301 tariffs last throttled up by Donald Trump in 2018. The immediate impact of the move will be muted, mattering most for batteries used for stationary storage.
Mexico, Brazil Inflation Reports Send Contrasting Monetary Policy Messages
SAO PAULO, Oct 9 Reuters Inflation figures released on Wednesday painted opposite scenarios for Latin America39;s two largest economies, indicating that Brazil will keep tightening its monetary policy to combat rising prices while Mexico brings its interest rate down. The annual headline inflation figures in the two countries did not differ that much from each […]
Luxury Goods Unlikely to be Next Target of Chinas EU Trade Retaliation, Analysts
SHANGHAI, Oct 9 Reuters European luxury shares have slid on investor concerns that Hermes handbags and Dior slingbacks may be Beijing39;s next targets for retaliation, following the EU39;s decision to slap tariffs on China EVs, but analysts say such a move is unlikely. Its a question of how Beijing will respond to the EV tariffs. Is there going to […]
London Stocks Regain Ground after Worst Session in 2 Months
Mondi jumps on Schumacher Packaging39;s assets deal CMC Markets39; first half income up 45, stock slides FTSE 100 up 0.7, FTSE 250 adds 0.9 Oct 9 Reuters British equities mostly rebounded on Wednesday, with the biggest boost from the real estate sector, while homebuilders extended declines from the previous session after brokerages cut Vistry39;s target […]
Lloyds of London must Stop Supporting Fossil Fuel Expansion says NGO
LONDON, Oct 9 Reuters The Lloyd39;s of London SOLYD.UL market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel expansion, NGO Reclaim Finance said on Wednesday. Some European insurers, including Generali and Zurich, have imposed restrictions on underwriting for fossil fuel projects in response to pressure from investors and campaigners. But Reclaim Finance […]
Stellantis Set to Secure Italian Approval for Comau Stake Sale, Source
ROME, Oct 9 Reuters Carmaker Stellantis is on course to secure Italian government backing for its planned sale of a majority stake in robotics business Comau to One Equity Partners, a source close to the matter said on Wednesday. Socalled golden power legislation gives the government the right to block or set conditions on deals […]
Teslas ChinaMade EV Sales Grow 19.2 yy in Sept
BEIJING, Oct 9 Reuters Sales of U.S. automaker Tesla39;s Chinamade electric vehicles rose 19.2 in September from a year earlier, data from the China Passenger Car Association CPCA showed on Wednesday. Deliveries of Chinamade Model 3 and Model Y vehicles were up 1.9 from the previous month. The company has already announced quarterly global deliveries but had not […]
Hyundai to Use 3B Record India IPO Proceeds for new Cars, RD
Hyundai IPO biggest ever in India, Asia39;s biggest in 2024 Company wants to expand in India; first listing outside S.Korea Hyundai aims to make India a manufacturing hub for emerging mkts Executive says 30 increase in production seen in 34 years MUMBAI, Oct 9 Reuters Hyundai Motor plans to use proceeds from a record 3.3 billion […]
CoucheTard Hikes Bid for 7Eleven Owner to 47B, Sources
CoucheTard lifts buyout offer by 22, sources say Seven i shares jump but remain below new offer price Earning report due on Thursday, focus on asset divestment plans TOKYO, Oct 9 Reuters Canada39;s Alimentation CoucheTard ACT has made a revised bid for Seven i Holdings, the Japanese company said on Wednesday, which two people familiar with […]