Rivian Automotive Inc.s shares gained around 13 percent on Mondays regular trading after reports emerged that the all-electric automaker has reached a conditional settlement with EV major Tesla Inc., regarding its four-year old lawsuit. The shares were gaining 7% further in the pre-market activity on the Nasdaq, despite a slight drop in previous days extended...
Its likely to be a positive start for Canadian stocks on Tuesday as higher crude oil and gold prices are likely to trigger some buying in energy and metal sectors. However, fears of a renewed trade war following U.S. President-elect Donald Trump pledging to impose tariffs on all imports from Mexico, Canada and China, may...
The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing projects, which is expected to create thousands of jobs. The latest award, together with a 25% investment tax credit which the firm plans to claim, would support the chip makers plans to invest more than $100...
The Canadian market ended down on Tuesday as trade war fears resurfaced after U.S. President-elect Donald Trump threatened that he will impose 25% tariffs on imports from Canada, Mexico and China. However, thanks to strong buying at some counters in technology, consumer staples, financials and materials sectors, the markets loss was just marginal. Energy, real...
The Reserve Bank of New Zealand will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBNZ is expected to lower its Official Cash Rate by 50 basis points, to 4.25 percent from 4.75 percent. Australia will see Q3 numbers for...
The South Korea stock market on Tuesday ended the two-day winning streak in which it had advanced more than 50 points or 2 percent. The KOSPI now sits just above the 2,520-point plateau although its expected to see renewed support on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...
The Singapore stock market has moved lower in back-to-back sessions, dropping almost 35 points or 0.9 percent along the way. The Straits Times Index now sits just above the 3,710-point plateau although its expected to stop the bleeding on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the outlook for...
The Taiwan stock market on Tuesday snapped the two-day winning streak in which it had jumped almost 400 points or 1.8 percent. The Taiwan Stock Exchange now rests just beneath the 22,680-point plateau although its expected to bounce higher again on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...
The value of construction work done in Australia was up a seasonally adjusted 1.6 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday - coming in at A$73.344 billion. That beat expectations for an increase of 0.4 percent and was up from 0.1 percent in the three...
The Hong Kong stock market on Tuesday ended the three-day slide in which it had stumbled more than 550 points or 3 percent. The Hang Seng Index now sits just beneath the 19,160-point plateau and it may extend its gains on Wednesday. The global forecast for the Asian markets is upbeat on optimism over the...