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Morning Bid: Chips and luxury lead the way lower

A look at the day ahead in European and global markets from Ankur Banerjee European chip and luxury stocks will be at the forefront of investors' minds on Wednesday, and for all the wrong reasons,

Reuters

Wed, Oct 16

China's Zeekr launches EV in Australia, eyes New Zealand next

SYDNEY (Reuters) - Chinese EV maker Zeekr's has begun sales of its first model for Australia - one of two slated for 2024 and both will also launch in New Zealand later this year as it seeks to make

Reuters

Wed, Oct 16

Stellantis plans to make more Ram pickups in Mexico, WSJ reports

(Reuters) - Chrysler parent Stellantis is expanding its factory complex in northern Mexico to build Ram 1500 pickup trucks, the Wall Street Journal reported on Tuesday. Stellantis has been building

Reuters

Wed, Oct 16

Thai industrial sentiment hits 27-month low in Sept on weak demand

BANGKOK (Reuters) -Thailand's industrial sentiment index dropped to its lowest level in 27 months in September due to soft domestic demand, the impact of floods and a strong baht, the Federation of

Reuters

Wed, Oct 16

Debt boom hits pause Down Under as US election looms

By Tom Westbrook SYDNEY (Reuters) - Australian dollar debt sales, running at the fastest clip on record, are starting to hit the brakes as capital markets hunker down for the U.S. election, according

Reuters

Wed, Oct 16

Singapore fighter jets escort Air India flight after bomb threat

Singapore's air force mobilised two fighter jets late on Tuesday in response to a bomb threat on an Air India Express flight bound for the city-state, its defence minister said. Two Singapore air

Reuters

Wed, Oct 16

Phoenix police's violent arrest of deaf Black man with cerebral palsy criticized

By Kanishka Singh (Reuters) - Civil and disability rights advocates expressed outrage on Tuesday after body camera footage was released showing Phoenix, Arizona, police violently arresting a Black man

Reuters

Wed, Oct 16

North Korea claims 1.4 million young people apply to join the army

SEOUL (Reuters) - North Korean state media on Wednesday said around 1.4 million young people including students and youth league officials had applied to join or return to the army this week. The

Reuters

Wed, Oct 16

Chip stocks fall on ASML forecast cut, potential US AI chip export cap

(Reuters) -Semiconductor stocks in the United States and Asia fell after chip equipment maker ASML cut its annual sales forecast over weak non-AI chip demand while a report said the Biden

Reuters

Wed, Oct 16

Australia to invest billions of dollars in nuclear submarine shipyard

SYDNEY (Reuters) - Australia said on Wednesday it would invest billions of dollars over the next two decades to expand a shipyard in Western Australia that would become the maintenance hub for its

Reuters

Wed, Oct 16

India says no auction of satellite spectrum after Musk decries move

By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) -India's government on Tuesday said it will allot spectrum for satellite broadband administratively and not via auction, hours after Elon Musk

Reuters

Wed, Oct 16

Japan's upcoming stimulus package will be bigger than last year's, spokesperson says

TOKYO (Reuters) - Japan's upcoming stimulus package will be bigger than last year's measures that were financed with a 13 trillion yen ($87 billion) extra budget, a government spokesperson said on

Reuters

Wed, Oct 16

At UN dinner, Cypriot leaders agree to meet again soon

(Reuters) - Greek and Turkish Cypriot leaders met on Tuesday in New York for informal talks hosted by United Nations Secretary-General Antonio Guterres and agreed to meet again soon to discuss discuss

Reuters

Wed, Oct 16

Wisk Aero partners with Airservices Australia as it readies air taxi launch

(Reuters) - Boeing-owned Wisk Aero said on Tuesday it has partnered with government agency Airservices Australia to study how air taxis and other autonomous aircraft can be integrated into the

Reuters

Wed, Oct 16

Apple launches new iPad mini with AI features

(Reuters) - Apple on Tuesday launched its new generation of the iPad mini packed with AI features including writing tools and an improved Siri assistant, as the iPhone maker races to boost its devices

Reuters

Wed, Oct 16

K-pop star calls at parliamentary hearing for better treatment of artists

By Hyunsu Yim SEOUL (Reuters) -K-pop star Hanni, a member of the group NewJeans, made an emotional appeal on Tuesday for young artists to be treated better in the multi-billion dollar industry, as she

Reuters

Wed, Oct 16

Canada labour minister proposes new mediator for Montreal port workers strike

(Reuters) - Canada's Labour Minister Steve MacKinnon on Tuesday proposed the appointment of a special mediator for a 90-day period for Montreal port workers strike. MacKinnon said that there would be

Reuters

Wed, Oct 16

Deepening Canada-India standoff seen as a short-term boost for Modi, Trudeau

By Krishn Kaushik and David Ljunggren NEW DELHI/OTTAWA (Reuters) - The prime ministers of India and Canada could benefit politically in the short term from the unprecedented expulsion of top diplomats

Reuters

Wed, Oct 16

Canada labour minister proposes new mediator for Montreal port workers strike

(Reuters) - Canada's Labour Minister Steve MacKinnon on Tuesday proposed the appointment of a special mediator for a 90-day period for Montreal port workers strike. MacKinnon said that there would be

Reuters

Wed, Oct 16

DOJ fines mortgage lender Fairway for alleged racial discrimination

(Reuters) -The U.S. Justice Department and the Consumer Financial Protection Bureau penalized Fairway Independent Mortgage Corporation for alleged redlining in Black neighborhoods in Birmingham,

Reuters

Wed, Oct 16

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