News & Analytic Centre

Rivian Shares Surge on 5.8 bln Volkswagen Investment in JV

Nov 13 Reuters Shares of Rivian jumped over 15 on Wednesday after the electric vehicle maker announced a 5.8 billion investment from German automaker Volkswagen as part of their joint venture. The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its smaller, more affordable R2 SUV to […]
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Sterling Drifts near 3Month Lows vs Dollar

Nov 13 Reuters The pound hovered near threemonth lows against a stronger dollar on Wednesday, after a sharp fall in the previous session following data that showed inflation was easing in the UK. Sterling dipped 0.1 to 1.2795 after hitting its lowest since early August at 1.2719 on Tuesday, after data showed regular pay for British workers […]
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Oil Pares Losses on Tight Supply, Cloudy Demand Caps Gains

Brent, WTI up about 0.2 Tightness in physical market offsets demand outlook ANZ To come API weekly U.S. stockpile report at 2130 GMT SINGAPORE, Nov 13 Reuters Oil prices inched higher on Wednesday underpinned by signs of nearterm supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast […]
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Taiwan Central Bank sees Peril in Trump Tariffs

TAIPEI, Nov 13 Reuters Taiwan39;s central bank warned on Wednesday that it sees peril in the proposed trade policies of the incoming administration of U.S. Presidentelect Donald Trump. In a report to parliament ahead of governor Yang Chinlong taking questions from legislators on Thursday, the central bank said that if Trump follows through on his […]
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