Tesla, Inc. shares were hit on Thursday\'s trading following a Bloomberg report that the luxury electric vehicle maker has delayed the unveiling of its robotaxi service to October. The company had previously planned its launch on August 8. Tesla shares, which were gaining recently on the expected unveiling as well as a better-than-expected second-quarter deliveries,...
Malaysia\'s central bank left its benchmark interest rate unchanged again on Thursday and forecast acceleration in inflation in the second half of the year after the unwinding of fuel subsidies. The Monetary Policy Committee of Bank Negara Malaysia headed by Datuk Abdul Rasheed Ghaffour decided to maintain the Overnight Policy Rate at 3.00 percent. Previously,...
European stocks closed higher on Thursday after data showing a drop in U.S. consumer price inflation in the month of June raised expectation of an interest rate cut by the Federal Reserve in September. The Labor Department said U.S. consumer price index slipped by 0.1% in June after coming in unchanged in May. Economists had...
China will on Friday release June figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Imports are expected to add 2.8 percent on year, up from 1.8 percent in May. Exports are called higher by an annual 8.0 percent, up from 7.6 percent in the previous month. The trade...
The South Korea stock market has moved higher in three straight sessions, gathering almost 35 points or 1.2 percent along the way. The KOSPI now sits just above the 2,890-point plateau although the rally may stall on Friday. The global forecast for the Asian markets suggests profit taking, particularly among the technology sectors. The European...
The Thai stock market bounced higher again on Wednesday, one day after ending the four-day winning streak in which it had improved almost 35 points or 2.8 percent. The Stock Exchange of Thailand now rests just beneath the 1,325-point plateau and it\'s expected to tick higher again on Thursday. The global forecast for the Asian...
Indian shares look set to open on a positive note Thursday as swaps price in two Fed rate cuts in 2024, with the first one expected to come in September. The focus will remain on Q1 earnings and upcoming Budget. Analysts expect muted earnings due to high base effect. Tata Consultancy Services, India\'s largest IT...
Indian shares were slightly higher in early trade on Thursday, tracking firm global cues and amid the weekly options expiry of the Nifty 50 contracts. The benchmark S&P/BSE Sensex was up 11 points at 79,944, giving up some of its early gains. The broader NSE Nifty index was up 13 points at 24,337. HCL Technologies,...
GDP and foreign trade data from the UK and final inflation from Germany are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The UK economy is forecast to grow 0.2 percent on month in May after remaining flat...
European stocks advanced on Thursday, with underlying sentiment supported by encouraging economic data from Germany and U.K. as well as expectations of a Federal Reserve rate cut in September. Federal Reserve Chair Jerome Powell reiterated on Wednesday that the U.S. job market is cooling and that the central bank will act \'when and as\' needed...