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Tesla's China-made EV sales fall 6% y/y in April as woes deepen
BEIJING, May 7 (Reuters) - Tesla's TSLA.O China-made electric vehicle sales fell 6% in April from a year earlier, extending declines for a seventh month, as the U.S. automaker grapples with intense competition from its Chinese rivals and a tarnished image in Europe.Deliveries of China-made Model...Reuters
Wed, May 7
Tesla's China-made EV sales fall 6% y/y in April
BEIJING, May 7 (Reuters) - Tesla TSLA.O sold 58,459 China-made electric vehicles in April, down 6% from last year, data from the China Passenger Car Association showed on Wednesday.Deliveries of locally made Model 3 and Model Y vehicles slid 25.8% from the previous month.Tesla's Chinese rival BY...Reuters
Wed, May 7
U.S. Trade Deficit Surges to Record High: Trump's Tariff Short-term Pain or Strategic Failure?
TradingKey – Despite strong opposition from economists, U.S. President Donald Trump remains steadfast in his belief that raising tariffs will reduce the U.S. trade deficit. Ahead of the so-called "reciprocal tariffs" that took effect in April, American companies rushed to import goods ahead of the..TradingKey
Wed, May 7
Alibaba, RedNote in tie-up as China e-commerce competition intensifies
By Casey Hall and Sophie Yu SHANGHAI, May 7 (Reuters) - Chinese e-commerce giant Alibaba 9988.HK is partnering with popular content platform RedNote to allow users on RedNote to directly click on product links to shop on Alibaba's Taobao platform.The move essentially formalises an app-to-app ...Reuters
Wed, May 7
US Dollar Index holds gains near 99.50 ahead of Fed decision, awaits Powell’s remarks
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, is trading around 99.50 during European hours on Wednesday, rebounding after losing over 0.50% in the previous session.Fxstreet
Wed, May 7
May Fed Meeting Preview: Diminishing odds of rate cuts to defy Trump’s rate cut dream
TradingKey – This Wednesday afternoon, May 7, the Federal Reserve will announce its latest monetary policy decision. Despite repeated pressure from U.S. President Donald Trump and some “soft data” pointing toward the case for rate cuts, solid inflation and employment figures—the hard data...TradingKey
Wed, May 7
EUR/USD holds onto gains ahead of Fed’s monetary policy decision
EUR/USD clings to the previous day’s gains around 1.1370 during European trading hours on Wednesday. The major currency pair trades firmly as the US Dollar (USD) ticks down ahead of the Federal Reserve’s (Fed) interest rate decision at 18:00 GMT.
Fxstreet
Wed, May 7
Vietnam's shipments from China, to US reach record high amid trade fraud crackdown
Vietnam's trade surplus with U.S. keeps risingTrump wants to cut Vietnam trade surplus, threatened 46% dutiesSSA Marine port operator says shipments to U.S. at record highImports from China surge, despite crackdown on some China tradeBy Francesco Guarascio and Khanh Vu HANOI, May 7 (Reuters) ...Reuters
Wed, May 7
Major central banks' easing push slows to a trickle in April
By Karin Strohecker and Sumanta Sen LONDON, May 7 (Reuters) - The rush to cut interest rates at major central banks slowed to a trickle in April, as policymakers faced uncertainty on the outlook for economic growth and inflation in the wake of escalating trade tensions. Two of the five central b...Reuters
Wed, May 7
German industrial orders rise more than expected in March
By Maria Martinez May 7 (Reuters) - German industrial orders rose more than expected in March, posting their first increase this year and potentially pointing to an improvement in the sluggish sector if trade tensions ease. Orders increased in March by 3.6% on the previous month on a seasonally a...Reuters
Wed, May 7
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Wednesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.27, with the EUR/INR pair rising from its previous close at 95.85.Fxstreet
Wed, May 7
