BRIEF-Trafigura Completes First Ship-To-Ship Transfer of Ammonia

Reuters
German car industry urges EU to drop tariffs on China-made cars
BERLIN (Reuters) -Germany's VDA auto association has urged the European Commission to drop its planned tariffs on China-made electric vehicles in a last-ditch effort to influence negotiations ahead of the tariffs kicking in on Thursday. The association said in a statement on Wednesday the tariffs would hurt European and U.S. carmakers exporting from China and risked retaliation by China with counter-tariffs, which would hit the German industry hard given its high volume of exports to China.
Associated Press
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories to make parts for EVs that may qualify for $7,500 credits to car buyers in the United States. Similar investments have been announced in other countries that share free trade agreements with the United States, including South Korea and Mexico.
BuzzFeed
26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know
"I've flown round trip to Chicago for $30, Houston for $45, Miami for $50, etc."
GOBankingRates
I’m a Financial Expert: 5 Signs You’re Financially Ready for Retirement in 2024
For many people, retirement may seem like a far-off accomplishment, a glorious place that looms over a distant horizon. However, you might be in a position to close the gap and round the curve into...
Reuters
Italy plans 20 billion euro tank order from Germany's Rheinmetall, reports Handelsblatt
BERLIN (Reuters) -Italy is planning to buy hundreds of tanks from Rheinmetall in what would be the German defence group's biggest ever order, valued at around 20 billion euros ($21.50 billion), the Handelsblatt business daily reported on Wednesday, citing industry sources. According to the plan, the Italian government would buy at least 350 Lynx armoured fighting vehicles and more than 200 Panther main battle tanks in an order spread over a 15-year period, Handelsblatt reported. Rheinmetall did not deny the report when asked for comment and said it would comment in due course.
Reuters
China leading generative AI patents race, UN report says
China is far ahead of other countries in generative AI inventions like chatbots, filing six times more patents than its closest rival the United States, UN data showed on Wednesday.
WSJ
Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs
Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
Yahoo Finance
Oil to rise to $90 a barrel this year as tensions in Middle East escalate, says analyst
Rising tensions in the Middle East are adding a premium to oil prices as traders weigh the potential of an interruption to Iran's oil supply.
SmartAsset
How to Master the Last 5 Years Before Retirement
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
Reuters
EU governments waver over Chinese EV tariffs as trade spat escalates
EU countries are wavering over whether to back additional tariffs on Chinese-built electric vehicles, highlighting Brussels' challenge in building support for its largest trade case yet as Beijing threatens wide-ranging retaliation. Germany, whose carmakers made a third of their sales last year in China, wants to stop the tariffs, according to a government source, while France has been among the firmest backers. The issue will be put to members in an advisory vote in the coming weeks, the first official test of support in a landmark case for the Commission.
The Telegraph
Top bankers ordered to rein in travel and entertainment expenses
HSBC has warned its top bankers to rein in spending on entertainment and travel as it races to slash costs.
Reuters
Russia's pipeline gas exports to Europe jump in June from last year
Russian energy giant Gazprom's average daily natural gas supplies to Europe jumped by almost 23% in June from a year earlier, rebounding from last year's post-Soviet lows, although they fell 8.6% from May, Reuters calculations showed on Tuesday. Exports were lower last month than in the previous month amid planned maintenance at the TurkStream undersea pipeline on June 6-9. The calculations, based on data from the European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine, showed that average daily pipeline exports decreased to 81.8 million cubic metres (mcm) last month from 89.5 mcm in May, but they were up from the 66.8 mcm in June 2023.
GOBankingRates
Mark Cuban’s Best Advice on How To Become Rich
Mark Cuban, entrepreneur, venture capitalist and "Shark Tank" shark, knows a little something about being rich. According to Forbes, Cuban has a net worth of $5.4 billion. He also has advice for...
Yahoo Finance
Oil prices rise amid Hurricane Beryl concerns, Middle East tensions
Hurricane Beryl is the earliest Category 5 storm on record. It's increasingly threatening to disrupt the oil market.
Yahoo Finance Video
Meta stock dips after allegedly breaching EU antitrust rules
Shares of Meta (META) are dipping after European Union regulators issued a preliminary finding accusing the company of violating the Digital Markets Act. The antitrust issue in question is the company's recently introduced ad-supported social networking service. Yahoo Finance Reporter Dan Howley joins Catalysts to analyze the European regulatory agency's preliminary finding and what it means for Meta moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Investing.com
Oil prices steady amid summer demand hopes, supply risks
Investing.com-- Oil prices steadied in Asian trade on Tuesday after running up sharply in recent sessions as traders bet on increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions.
Reuters
Tipped off: American consumers grapple with tip creep
When Ted Rossman was at Newark Airport in New Jersey the other day, he got a shock along with his sandwich. Rossman, a senior industry analyst for financial information site Bankrate, went to a self-serve kiosk for a snack before a flight, scanned the item himself, and was asked for a tip. Which is why Americans are apparently fed up, according to a new Bankrate survey on the subject.
GOBankingRates
I’m a Lawyer: This Is How Much I Made in My First Job and How Much I Make Now
An entry-level attorney in the United States, according to data from Glassdoor, earns about $88,000 annually. However, when GOBankingRates reached out to those actively practicing law each person we...
Reuters
Polestar posts loss, plans steps to offset tariffs on China-made EVs
STOCKHOLM (Reuters) -Electric vehicle (EV) maker Polestar said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday. The Swedish company, controlled by China's Geely, makes all its EVs in China, but its new model, the Polestar 3, will be made in the United States from the end of this summer and its Polestar 4 in South Korea from the second half of next year. Until then, it will incur provisional tariffs of 20% for the cars it brings into the European Union under a proposal by the European Commission and more than 100% for the United States.
BBC
EU says Instagram’s paid ad-free option breaches rules
The firm faces a potential fine of up to 10% of its global revenue if it fails to comply with the rules.

Straits Times Index

S&P 500

Dow

Nasdaq

Bitcoin USD

CMC Crypto 200

FTSE 100

Gold

Crude Oil

10-Yr Bond

Nikkei

Hang Seng

FTSE Bursa Malaysia

Jakarta Composite Index

PSE Index

BRIEF-Trafigura Completes First Ship-To-Ship Transfer of Ammonia

Latest stories

German car industry urges EU to drop tariffs on China-made cars

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know

I’m a Financial Expert: 5 Signs You’re Financially Ready for Retirement in 2024

Italy plans 20 billion euro tank order from Germany's Rheinmetall, reports Handelsblatt

China leading generative AI patents race, UN report says

Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs

Oil to rise to $90 a barrel this year as tensions in Middle East escalate, says analyst

How to Master the Last 5 Years Before Retirement

EU governments waver over Chinese EV tariffs as trade spat escalates

Top bankers ordered to rein in travel and entertainment expenses

Russia's pipeline gas exports to Europe jump in June from last year

Mark Cuban’s Best Advice on How To Become Rich

Oil prices rise amid Hurricane Beryl concerns, Middle East tensions

Meta stock dips after allegedly breaching EU antitrust rules

Oil prices steady amid summer demand hopes, supply risks

Tipped off: American consumers grapple with tip creep

I’m a Lawyer: This Is How Much I Made in My First Job and How Much I Make Now

Polestar posts loss, plans steps to offset tariffs on China-made EVs

EU says Instagram’s paid ad-free option breaches rules