AFP

European and Asian stocks closed higher on Tuesday while Wall Street equities retreated as markets monitored US Treasury yields amid worries about the US budget deficit.Major US indices spent the entire session in negative territory as the S&P 500 finished lower after six straight positive sessions.”The main driver is a consolidation day,” said Briefing.com analyst …

European stocks close higher as Wall Street dips Read More »

The EU said Tuesday that it was preparing to impose a two-euro ($2.25) flat fee on the billions of low-value packages that flood into the bloc each year, the great majority from China.Trade chief Maros Sefcovic told the European Parliament that e-commerce platforms would be expected to pay the levy per parcel, which aims to …

EU plans two-euro flat fee on small parcels from outside bloc Read More »

US President Donald Trump’s real estate company is seeking to build a tower in Ho Chi Minh City, Vietnamese officials said on Tuesday, with his son due to scout locations this week.Authorities in Vietnam’s southern business hub said in a statement they met a representative of the Trump Organization and its local partner, the Kinhbac …

Trump Organization eyes new tower in Vietnam, local authorities say Read More »

Chinese battery giant CATL ended its first day on the Hong Kong Stock Exchange more than 16 percent higher Tuesday, having raised US$4.6 billion in the world’s biggest initial public offering this year.A global leader in the sector, CATL produces more than a third of all electric vehicle (EV) batteries sold worldwide.The firm has been …

Battery giant CATL ends up more than 16% on Hong Kong debut Read More »

Chinese battery giant CATL, which soared on its Hong Kong debut Tuesday, is a domestic success story with a risk-taking founder and global ambitions — but has found itself in the crossfire of a superpower clash for tech dominance.CATL — whose shares are already traded in Shenzhen — raised more than US$4.6 billion from its …

CATL, China’s global battery champion with risk-taker at the helm Read More »

Shares in Chinese battery giant CATL soared more than 18 percent on its Hong Kong debut Tuesday after raising US$4.6 billion in the world’s biggest initial public offering this year.A global leader in the sector, CATL produces more than a third of all electric vehicle (EV) batteries sold worldwide.The firm has been buoyed by a …

Chinese battery giant CATL soars more than 18% on Hong Kong debut Read More »

Asian markets rose Tuesday as investor sentiment returned following the previous day’s US rating-fuelled losses, with sentiment also boosted after China cut interest rates to historic lows.The rally tracked advances on Wall Street, where the initial selloff sparked by Moody’s removal of Washington’s triple-A grade soon gave way to a push back into beaten-down equities …

Asian markets rebound to track Wall St up as China cuts rates Read More »

India’s plans to massively expand coal-based steel and iron production threaten global efforts to reduce the sector’s carbon emissions, a key contributor to climate change, a report said Tuesday.The sector accounts for 11 percent of global carbon dioxide emissions, and India aims to double production by 2030.Switching from coal-dependent blast furnaces to electric arc furnaces …

India steel plans threaten global emissions goals: report Read More »