Nvidia supplier SK Hynix plans to invest $4 billion in Indiana, WSJ reports

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.
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.
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.
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
China unveils next steps in EU brandy probe as EV tariffs take effect
BEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European brandy imports on Friday, ramping up tensions on the same day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. While a Commerce Ministry spokesperson stressed at a news conference on Thursday that Brussels and Beijing should stay at the negotiating table ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs, the prospect of retaliation was kept alive by a reference to another probe into EU pork imports. The Commerce Ministry said on Friday it would hold a hearing on July 18 to discuss an ongoing investigation into claims that European brandy producers are selling into China at below market rates.
The Canadian Press
Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery
ASHGABAT, Turkmenistan (AP) — Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq.
Reuters
China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. "The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing. China and the European Commission have been in negotiations since last week over the curbs that Beijing and some European automakers want scrapped.
Bloomberg
India’s Hopes for Tesla Investment Cool as Musk Ceases Contact
(Bloomberg) -- India doesn’t expect Tesla Inc. to move forward with an investment in the country any time soon after executives at Elon Musk’s electric carmaker stopped contacting them, according to people familiar with the matter.Most Read from BloombergKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretNewsom Shocks California Politics by
Reuters
Exclusive-India asks utilities to order $33 billion in equipment this year to boost coal power output, sources say
India has asked power companies to order equipment worth $33 billion this year to fast track capacity additions of coal-fired power in the years ahead, as the South Asian nation struggles to meet booming electricity demand, two government officials said. The unprecedented move by the government, which would result in record tendering in a year for the equipment by major power firms such as state-run NTPC and SJVN as well as by private companies Adani Power and Essar Power, will help add 31 gigawatts (GW) in the next 5-6 years, the sources said. Expediting equipment orders for new coal-fired plants was discussed at a meeting held by Power Minister Manohar Lal, soon after the formation of Prime Minister Narendra Modi's federal cabinet early last month, the sources said.
Reuters
Factbox-EU report details widespread Chinese interference in economy
In the run up to announcing provisional tariffs on Chinese-made electric vehicles, the European Commission in April released a 712-page report on the many layers of subsidies it argues the Chinese government provides to domestic firms. The report is designed for anti-dumping cases, but trade experts see it as a supporting document for its anti-subsidy investigation into EVs and as a signal to both China and reluctant European Union member states that it means business. The Chinese government funnels both indirect and direct support to state-owned enterprises, or ones it effectively controls even with minority ownership.
Bloomberg
Chinese EVs Defend Market Share in Europe as Trade Tension Escalates
(Bloomberg) -- Chinese electric-car brands held on to their share of the slumping European EV market in May, ahead of new tariffs designed to protect local carmakers from their lower-cost imports.Most Read from BloombergBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsNewsom Shocks California Politics by Scrapping Crime MeasureHouse Democrats Consider Demanding Biden Withdraw From RaceChina Can End Russia’s War
Bloomberg
Global Oil Outlook Faces Test as Softness in China Surfaces
(Bloomberg) -- The global oil market faces soft spots in the outlook for Chinese demand this half, potentially adding a headwind for crude prices.Most Read from BloombergBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsHouse Democrats Consider Demanding Biden Withdraw From RaceNewsom Shocks California Politics by Scrapping Crime MeasureChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysTaken
Simply Wall St.
Three Leading Dividend Stocks In India With Yields Up To 8.2%
The Indian market has shown robust growth, rising 1.4% in the past week and achieving a remarkable 44% increase over the last year, with earnings projected to grow by 16% annually. In such a thriving environment, dividend stocks that offer substantial yields up to 8.2% can be particularly appealing for investors looking for both stability and income.
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.
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.
Simply Wall St.
Discover Three Chinese Dividend Stocks With Yields Up To 6.4%
Amidst a backdrop of global economic fluctuations, Chinese stocks have shown resilience, though concerns about slowing growth persist. In this environment, dividend stocks may offer investors a blend of income and potential for long-term value appreciation, making them an attractive consideration in the current market scenario.
Reuters
Factbox-Carmakers respond to EU tariffs on Chinese-made EVs
The Chinese carmaker, which faces the lowest tariff hike of 17.4% on top of the current 10% duty, has not decided yet whether to hike prices on EVs sold in the European Union, sources close to the company told Reuters. The Chinese automaker said its planned EV production in Spain, set up through a joint venture with Spain's EV Motors, should help offset tariffs on imports into the EU.
Simply Wall St.
Exploring Three Undervalued Small Caps With Insider Action In The Region
In a week marked by modest gains across major U.S. stock indexes and a notable performance uplift in small-cap companies, the investment landscape appears cautiously optimistic as investors await more definitive cues from upcoming quarterly earnings reports. Amid these conditions, exploring undervalued small caps with recent insider action might reveal potential opportunities for those looking to diversify their portfolios in this segment of the market.

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DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

CMC Crypto 200

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RUSSELL 2000

10-Yr Bond

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Nvidia supplier SK Hynix plans to invest $4 billion in Indiana, WSJ reports

Latest Stories

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

China's BYD opens first EV factory in Southeast Asia

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

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

China unveils next steps in EU brandy probe as EV tariffs take effect

Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery

China EV makers brace for tariffs as Beijing, EU engage in talks

India’s Hopes for Tesla Investment Cool as Musk Ceases Contact

Exclusive-India asks utilities to order $33 billion in equipment this year to boost coal power output, sources say

Factbox-EU report details widespread Chinese interference in economy

Chinese EVs Defend Market Share in Europe as Trade Tension Escalates

Global Oil Outlook Faces Test as Softness in China Surfaces

Three Leading Dividend Stocks In India With Yields Up To 8.2%

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

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

Discover Three Chinese Dividend Stocks With Yields Up To 6.4%

Factbox-Carmakers respond to EU tariffs on Chinese-made EVs

Exploring Three Undervalued Small Caps With Insider Action In The Region