The US energy company Chevron has started talks with its LNG facilities in Australia to avert a potential worker strike.
The United States Commerce Secretary Gina Raimondo has recently stated that China should create a fair and predictable playing field for US businesses so that stable commercial relationships could be created.
The Chief Executive Officer of Renault Luca de Meo has revealed that Chinese firms have become more competitive in the electric vehicle segment and European firms should catch up.
In August, Ryanair passenger traffic had reached a new record high, as it has increased by 12%, compared to August of 2022.
Tesla has announced that it would extend the delivery time for Model Y Long Range in China to 6-8 weeks.
The Biden administration has announced that it would offer $12 billion in grants and loans to car producers that would upgrade their plants to manufacture electric vehicles.
Reuters poll results have revealed that the markets expect the Reserve Bank of Australia to keep its base interest rate at 4.10%.
The Chinese electric vehicle maker BYD has revealed that the company has sold 1,792,184 vehicles during the period from January up to August, which is a 82.2% year-on-year increase.
Reuters has reported that various Chinese banks have reduced interest rates for Yuan deposits.
The United States have limited AI chip exports from NVidia and AMD to Middle East countries.
The US Bureau of Labor Statistics has published the monthly updated data for Average Hourly Earnings, Non-farm Employment Change and Unemployment Rate. In general, the data was mixed. The US Dollar reacted to the news with an initial decline of more than 0.30%
The Wall Street Journal has reported that payment processors MasterCard and Visa are planning to hike merchant fees.
Reuters has reported that Chinese export firms have used complicated currency swap strategies to avoid conversion of US Dollar earnings into the Yuan.
The President of the Atlanta Federal Reserve Bank Raphael Bostic has revealed that he is against additional US base interest rate increases. The policymaker has stated that the current tightening would bring inflation to 2.00% in a reasonable time period.
The Swiss banking group UBS has announced a plan to reduce $10 billion in costs by firing 3,000 employees just in Switzerland.
Reuters has reported that Walmart has asked nearly 16,000 pharmacists in the United States to take pay cuts via a total labour hour reduction.
The US Bureau of Economic Analysis has released the PCE Price Index data and the Department of Labor has published the weekly Unemployment Claims. In theory, the financial markets were set to react to the publications. Although, market reaction was muted.
The Board Member of the Bank of Japan Naoki Tamura has revealed that after a more than a decade of monetary easing the central bank could change its policy at the start of 2024.
This week, Google revealed a number of new artificial intelligence tech tools and partnerships with other companies in the field. The announcement boosted the company's stock price.
The share price of the Vietnamese electric vehicle producer Vinfast have continued to surge, as the company's value has quadrupled to $160 billion.
Due to a system failure Toyota has suspended production at 14 domestic assembly plants. The domestic plants make up a third of the company's global output.
The Automatic Data Processing or ADP has released its National Employment Report. The markets expected the report to show an increase of US employment by 194,000. The actual published number is 177,000. The lower than expected number has boosted the US Dollar's decline. During just the first minute after the publication, the Dollar index lost 11 points or 0.11%.
Due to the recent strong quarterly results the Price to earnings ratio of NVidia has reached a low level not seen during the last eight months.
The government of Japan has stated that the country is at an infection point in a 25-year struggle with deflation, as a turning point appeared to be approaching.