News

The emergence of low-priced electric vehicles (EVs) from Chinese automaker BYD poses a significant threat to the US auto industry, according to recent reports. While the Seagull, priced at around $12,000 in China, has gained traction outside of its home country, high import tariffs on Chinese vehicles have prevented its sale in the US.…

Equinor, the Norwegian oil and gas company, has risen to prominence as Europe’s primary supplier of natural gas following Russia’s invasion of Ukraine. This has resulted in increased scrutiny over the continent’s reliance on a single supplier, despite concerns over the environmental impact of continuing to rely heavily on fossil fuels. Equinor now supplies…

Japanese government bond yields surged to multi-year highs on Monday following the Bank of Japan’s (BOJ) decision to offer less in its regular bond purchasing operation. The two-year yield increased by one basis point (bp) to reach 0.325%, marking its highest level since June 2013. The five-year yield also rose by 2.5 bps, reaching…

According to data from Hazeltree, the number of funds shorting European banks has been increasing, with 21 investors currently shorting Amsterdam-listed ING, up from just seven at the beginning of the year. This trend also applies to British bank NatWest Group, whose short bets have nearly doubled from 16 to 31 since January 2.…

According to recent market trends, there is a growing belief that interest rates may not only stay high in the near future but potentially remain so permanently. This shift is largely due to the return of inflation, which has signaled the end of ultra-low interest rates. Financial markets indicate that U.S. interest rates could…

According to recent data from research provider Kepler Absolute Hedge, retail investors are withdrawing from Europe’s hedge fund industry due to lower asset under management, reaching an eight-year low. This trend can be attributed to higher interest rates and disappointing performance, causing smaller investors to seek better returns elsewhere. While UCITS funds, a type…

Based on the latest economic data and expert analysis, several factors will determine interest rates in the long term. These include: 1. High government borrowing due to investment needs, such as climate spending or military expenses, leading to rising interest costs. This could cause higher deficits, resulting in a premium demanded by bondholders and…

Asian stocks opened lower on Monday, following a positive week for Wall Street. The release of weak Chinese lending data and news of potential increased tariffs on US imports from China contributed to the negative sentiment. Japan’s Nikkei 225 decreased by 0.4%, and Hong Kong’s Hang Seng index rose slightly, buoyed by tech stock…

The annual “Choose France” event, hosted by President Emmanuel Macron, has secured a record-breaking investment of 15 billion euros from foreign businesses this year, surpassing last year’s total of 13 billion euros. This significant rise in foreign investment highlights France’s growing reputation as a prominent European business hub. The summit aims to boost France’s…

Here’s a summary of the key events and economic data releases scheduled for the upcoming week, based on the provided articles: – Commerce Department’s April inflation report, due on May 15, is expected to show a moderate decline. – Retail sales for April are set to be released on May 16, with economists predicting…