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BEIJING (Reuters) – Leapmotor, the Chinese partner of Stellantis, on Tuesday launched a new electric vehicle with smart driving technology priced under 150,000 yuan ($20,535), a day after BYD slashed the entry price for such smart EVs. Leapmotor said it would launch pre-sale of its B10 on March 10, its first electric vehicle model that …

China’s Leapmotor launches $20,000 smart EV, after BYD cuts entry price Read More »

SYDNEY (Reuters) – A measure of Australian business activity eased in January as sales and profits softened, a survey showed on Tuesday, though confidence got a boost amid hopes for a near-term reduction in borrowing costs. The survey from National Australia Bank (NAB) showed its index of business conditions fell 3 points to +6 in …

Australia business confidence improves even as conditions slacken, survey says Read More »

By Indradip Ghosh BENGALURU (Reuters) – Faced with the threat of rising inflation, the U.S. Federal Reserve will wait until next quarter before cutting rates again, according to a majority of economists in a Reuters poll who previously expected a March cut. Economists have raised their inflation forecasts since U.S. President Donald Trump was elected, …

Fed to wait for months on next rate cut as tariffs risk inflation flare up- Reuters poll Read More »

SYDNEY (Reuters) – Australian consumer sentiment remained in the doldrums in February, a survey showed on Tuesday, failing to benefit from slowing inflation or speculation about an imminent cut in interest rates. The Westpac-Melbourne Institute index of consumer sentiment edged up a bare 0.1% in February from January, when it dipped 0.7%. The index was …

Australian consumers stay cautious in February, survey says Read More »

By Sameer Manekar (Reuters) – Commonwealth Bank of Australia’s strong asset quality is expected to help the lender deliver marginal cash earnings growth in the first half, though analysts believe its lofty valuation seems untenable amid rising macroeconomic headwinds. Shares in CBA, Australia’s biggest bank, have soared nearly 70% since November 2023 when the central …

Valuation risks loom large over Australia’s top bank CBA’s first-half earnings Read More »