Airbus deliveries rise 2% in first half, despite supply chain worries

Fortune
China is poised to dominate the market for legacy chips, and the U.S. may only have itself to blame
U.S. Commerce Secretary Gina Raimondo warned in April that 60% of all mature chips coming into the market will come from China.
Insider Monkey
The Fastest Growing Automotive Brand in the World
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
CNN Business
Germany blocks another big business deal with China
Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner.
The Canadian Press
Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know
FRANKFURT, Germany (AP) — The European Union is imposing sharply higher customs duties on electric vehicles imported from China. EVs are the latest flash point in a broader trade dispute over Chinese government subsidies and Beijing's burgeoning exports of green technology to the 27-nation bloc.
Wichita Eagle
After steering major deal, CEO of Spirit AeroSystems could be next Boeing boss
The complex three-way deal announced late Sunday night to split Spirit AeroSystems between Boeing and Airbus was engineered by Spirit CEO Pat Shanahan.
Reuters Videos
China's BYD opens first EV factory in Southeast Asia
STORY: Step inside BYD's first electric vehicle plant in Thailand.It's part of the Chinese automaker's plan to expand in Southeast Asia, where BYD has become the dominant player.BYD CEO and President Wang Chuanfu."We are convinced that Thailand will have a golden development period for new energy vehicles. China and Thailand are geographically close, culturally close, and economic and trade cooperation is booming. New energy vehicles are not only a bridge between China and Thailand to enhance friendship, but also a link between BYD and Thailand."Thailand is a regional auto assembly and export hub.The country aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.Chinese EV makers clearly like the lure of the Thai government's subsidies and tax incentives.They've invested more than $1.4 billion setting up factories in the country, with BYD's new plant the latest addition.The sprawling facility is worth $490 million.And it will have a production capacity of 150,000 vehicles per year, including plug-in hybrids."It will provide over 10,000 jobs after reaching full capacity."As part of its expansion outside China, the world's largest EV maker is also building its first European production base in Hungary.Although BYD could feel some pain in that particular market.The European Commission has imposed tariffs of up to nearly 38% on Chinese-made EVs.
South China Morning Post
China seeks to hop tech hurdles with robots, 6G as industrial development hits key juncture
China pledged on Friday to make breakthroughs in emerging industries - including bleeding-edge fields like humanoid robots, 6G mobile technology and atomic-level manufacturing - that could enhance its strength in the high-growth tech arena while preserving traditional sectors as a bedrock. The country's unique system - which can concentrate resources on specific benchmarks - can be marshalled to fill gaps in core technologies created by containment efforts from the United States, said Jin Zhuang
Reuters
China steps up pressure with EU brandy probe hearing as EV tariffs begin
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tension on the day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. Ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs on Thursday, a commerce ministry spokesperson told a news conference that Brussels and Beijing should keep negotiating, but kept the prospect of retaliation was alive with a reference to another investigation into EU pork imports.
The Canadian Press
'Marriage of convenience': Hudson's Bay Co. buying Neiman Marcus for US$2.65B
TORONTO — Several North American department stores are joining forces under a deal that will see Hudson's Bay Co. buy Neiman Marcus and spin it out into a larger business along with some of its other prestige retailers.
Barrons.com
Ford Is Making a Comeback. It’s Time to Buy the Stock.
The U.S. auto maker is focused on returning capital to shareholders, which should boost performance in the months ahead.
United Press International
Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips
Samsung Electronics estimated Friday that its second-quarter profits increased nearly 15-fold from a year earlier, thanks to a strong recovery in the memory chip market driven by artificial intelligence demand.
Reuters
Europe's top cognac makers to attend China meeting on anti-dumping probe, source says
LONDON (Reuters) -Leading European cognac producers will attend a hearing on China's anti-dumping probe of the industry in Beijing on July 18 - their first chance to defend themselves in person since the investigation began earlier this year, an industry source said. Companies behind major brands Martell, which is owned by Pernod Ricard, Remy Martin - part of Remy Cointreau - and Hennessy, owned by LVMH, received a summons overnight to attend the hearing, the source said.
Bloomberg
Oil Posts Weekly Gain as Hurricane, Stockpile Drop Extend Rally
(Bloomberg) -- Oil posted its fourth straight weekly advance, with declining US stockpiles and Hurricane Beryl extending crude’s early-summer rally.Most Read from BloombergBiden’s Defiant Interview Unlikely to Calm Democratic NervesA $14 Billion Walmart Heir Joins Novogratz Urging Biden ExitSingapore Is Making Life Tougher for Global TalentSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretTrump Distances Bid From Second-Term Agenda Pushed by AlliesWest Texas Intermediate
South China Morning Post
China-EU trade reaches turning point with EV tariffs set to begin, but 'scope to compromise'
Provisional import tariffs on Chinese electric vehicles by the European Union represent a juncture for the bilateral relationship, but both sides would have enough time to avert "a serious trade war", analysts said, with the new levies set to take effect on Friday. The European Commission confirmed on Thursday that the bloc's additional duties of up to a revised 37.6 per cent on Chinese battery electric vehicles (BEVs) would begin on Friday and would initially last for a maximum of four months.
Reuters
China-built EVs hit with duties in biggest EU trade case yet
BRUSSELS (Reuters) -The European Union will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. There is however a four-month window during which the tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation. The European Commission's provisional duties of between 17.4% and 37.6% without backdating are designed to prevent what its president Ursula von der Leyen has said is a threatened flood of cheap EVs built with state subsidies.
Bloomberg
Canada’s Move to Protect Mining Sector Shields Takeover Targets
(Bloomberg) -- Canada is making it harder for foreign firms to acquire domestic mining companies by imposing measures that could protect top takeover targets from large global rivals.Most Read from BloombergBiden’s Defiant Interview Unlikely to Calm Democratic NervesA $14 Billion Walmart Heir Joins Novogratz Urging Biden ExitSingapore Is Making Life Tougher for Global TalentSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretTrump Distances Bid From Second-Term Agenda Push
Simply Wall St.
Avoid Estée Lauder Companies And Explore This One Attractive Dividend Stock Instead
The allure of dividend stocks is evident, especially in the U.S. market where they promise a source of regular income. However, the stability of these dividends is crucial; companies like Estée Lauder Companies that have experienced significant cuts in their dividends may signal underlying financial challenges or a lack of resilience in maintaining shareholder returns. This distinction is vital for investors looking for dependable income streams from their stock investments.
CoinDesk
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk.
Investing.com
Oil prices settle lower but notch fourth-weekly gain on demand optimism
Investing.com -- Oil prices notched a fourth-weekly despite settling lower Friday, as traders cheered signs earlier this week that usual pick in summer energy demand is underway at time when weather-related supply disruptions remain in focus.
Simply Wall St.
July 2024 Insight Into Three Chinese Stocks Estimated To Be Trading Below Value
Amid a backdrop of fluctuating global markets, Chinese stocks have shown signs of weakening as concerns about the country's economic slowdown weigh on investor sentiment. This environment may present opportunities for investors to consider stocks that are potentially undervalued, offering a strategic entry point in a market poised for future adjustments.

S&P/TSX

S&P 500

DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

CMC Crypto 200

GOLD FUTURES

RUSSELL 2000

10-Yr Bond

NASDAQ

VOLATILITY

FTSE

NIKKEI 225

CAD/EUR

Airbus deliveries rise 2% in first half, despite supply chain worries

Latest Stories

China is poised to dominate the market for legacy chips, and the U.S. may only have itself to blame

The Fastest Growing Automotive Brand in the World

Germany blocks another big business deal with China

Europe is slapping tariffs on Chinese electric vehicles - for now. Here's what to know

After steering major deal, CEO of Spirit AeroSystems could be next Boeing boss

China's BYD opens first EV factory in Southeast Asia

China seeks to hop tech hurdles with robots, 6G as industrial development hits key juncture

China steps up pressure with EU brandy probe hearing as EV tariffs begin

'Marriage of convenience': Hudson's Bay Co. buying Neiman Marcus for US$2.65B

Ford Is Making a Comeback. It’s Time to Buy the Stock.

Samsung expects more than 1,400% profit jump in Q2 on demand for AI chips

Europe's top cognac makers to attend China meeting on anti-dumping probe, source says

Oil Posts Weekly Gain as Hurricane, Stockpile Drop Extend Rally

China-EU trade reaches turning point with EV tariffs set to begin, but 'scope to compromise'

China-built EVs hit with duties in biggest EU trade case yet

Canada’s Move to Protect Mining Sector Shields Takeover Targets

Avoid Estée Lauder Companies And Explore This One Attractive Dividend Stock Instead

Private Equity Giants Are Circling Bitcoin Miners on AI Allure

Oil prices settle lower but notch fourth-weekly gain on demand optimism

July 2024 Insight Into Three Chinese Stocks Estimated To Be Trading Below Value