Wealth Growth Daily

July 6, 2024

China’s BYD acquires 20% stake in Thai dealer Rever Automotive

BY Reuters  • July 6, 2024July 6, 2024
BANGKOK (Reuters) – China’s BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market l[...]
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China autos group ‘strongly dissatisfied’ with EU anti-subsidy tariffs

BY Reuters  • July 6, 2024July 6, 2024
SHENZHEN, China (Reuters) – The China Association of Automobile Manufacturers (CAAM) is “strongly dissatisfied” with anti-subsidy tariffs proposed by the European Union, the industry[...]
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China cognac probe is a reaction to EU car tariffs, says Hennessy owner LVMH

BY Reuters  • July 6, 2024July 6, 2024
AIX-EN-PROVENCE, France (Reuters) – China’s anti-dumping probe into Europe’s cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the fin[...]
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Analysis-Bond market re-focus on US elections throws wrench into 2024 rally hopes

BY Reuters  • July 6, 2024July 6, 2024
By Davide Barbuscia NEW YORK (Reuters) -A recalibration of how the U.S. presidential election plays out is causing bond investors to bet yields stay higher for longer as November approaches. Yields ha[...]
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