Swedish commercial vehicle major AB Volvo announced the planned launch of next-generation heavy-duty electric truck with 600 km range. The new long-range version of Volvo FH Electric will be released for sale during the second half of 2025. According to the company, the longer range represents a breakthrough for long-distance transport with zero tailpipe emissions....
Asian stocks ended on a subdued note Tuesday as investors awaited more U.S. economic data, including Fridays non-farm payrolls report for August to gauge the size of the Federal Reserves rate cut later this month. Signs of sluggish demand in China and heightened tensions in the Middle East also weighed on regional markets. Oil and...
The Singapore stock market has moved higher in back-to-back sessions, gathering more than 50 points or 1.5 percent along the way. The Straits Times Index now sits just above the 3,440-point plateau and its expected to add to its winnings again on Monday. The global forecast for the Asian markets is upbeat on optimism over...
The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained almost 100 points or 0.4 percent. The Taiwan Stock Exchanged now rests beneath the 22,270-point plateau and its expected to open in the green again...
The manufacturing sector in Malaysia continued to contract in August, and at a steady pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 49.7. Thats unchanged from the previous month and remains beneath the boom-or-bust line of 50 that separates expansion from contraction. The latest PMI data suggest...
The manufacturing sector in the Philippines continued to expand in August, and at a steady pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.2. Thats unchanged from the previous month and remains above the boom-or-bust line of 50 that separates expansion from contraction. Underlying data signaled improved...
The manufacturing sector in Japan continued to contract in August, albeit at a slower rate, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 49.8. Thats up from 49.1 in July, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Latest data showed a...
Indian shares opened on a positive note Monday amid optimism over potential U.S. rate cuts and a continued decline in oil prices on prospect of higher OPEC+ supply. The benchmark S&P/BSE Sensex was up 230 points, or 0.3 percent, at 82,595 in early trade while the broader NSE Nifty index was up 58 points, or...
New York-based Fisher-Price Inc., owned by toymaker Mattel, Inc., has called back about 366,200 units of Dumbbell toy sold with Baby Biceps Gift Set citing choking hazard, according to the U.S. Consumer Product Safety Commission. In addition, about 37,850 units were sold in Canada. The recall involves the plastic dumbbell toy sold with the Fisher-Price...
European stocks are likely to open on a mixed note Monday amid the Labour Day holiday in the U.S. Asian stocks traded mixed, with Chinese and Hong Kong markets declining after an official survey showed activity in Chinas manufacturing sector reached a six-month low in August. A private survey revealed Chinas manufacturing activity swung back...