European carmakers brace for EV reckoning amid China price war and US tariffs
Industry leaders warn the decades-long profit boom is ending as Chinese rivals outpace Europe’s giants and cost-cutting becomes unavoidable
Dollar falls hits 7-week low as jobs gloom heightens Fed cut chances
Dollar index falls to 97.344 as investors prepare for revisions that could indicate a weaker jobs market, fueling expectations of deeper Fed rate cuts
Oil rises on modest OPEC+ output hike decision, Russia supply woe
Brent crude gains 22 cents, or 0.33%, to $66.24, US West Texas Intermediate climbs 24 cents, or 0.39%, to $62.50 a barrel
Stocks rise as prospect of Fed easing trumps political uncertainty
Investors mull 50bp cut, look to U.S. CPI, PPI releases for clues
Tesla market share in US drops to lowest since 2017 as competition heats up
Tesla accounted for 38% of August US EV sales; Its July US market share down most since March 2021; Rivals launch new vehicles, offer steep incentives
South Korea secures return of 300+ nationals detained at Hyundai–LG plant in US
Raid sparks diplomatic tensions as Washington and Seoul negotiate repatriation of workers
Oil prices climb as OPEC+ agrees to raise output at slower pace from October
8 members of OPEC+ to lift output from October by 137,000 bpd
OPEC+ agrees further oil output boost from October to regain market share
Output to rise by 137,000 bpd in Oct, lower than Sept and Aug, as OPEC+ starts surprise unwinding of 1.65 mln bpd cut; Saudi Arabia seeks to regain market share
Saudi, Russia-led bloc weighs output shift as oil prices slide to $65–$70
OPEC+ ‘Voluntary Eight’ debate October quotas amid surplus fears, geopolitical turmoil, and US pressure on Russian crude
OpenAI strikes $10bn chip deal with broadcom to cut Nvidia dependence
Custom processors set for rollout next year as AI race intensifies
SpiceJet posts second straight quarterly loss amid India-Pakistan tensions
Revenue plunges 35% as airspace closures, grounded planes and shrinking market share weigh on airline
China slaps preliminary anti-dumping duties on EU pork imports
Ministry of Commerce's probe into pork products reveals dumping, approves duties starting September 10 to protect domestic industry
India eyes nuclear-powered carrier, home-built navy jets in 15-year defence plan
India may build a third, nuclear-powered aircraft carrier, emphasis on drones, widely used in recent conflict with Pakistan
Dollar holds ground as bonds find footing, jobs data looms
Investors cautious on dollar amid Trump’s Fed policy interference and tariff uncertainty, says State Street
Oil prices slip for third day as investors await OPEC+ output decision
Brent down 0.3% at $66.77, WTI down 0.3% at $63.29 ahead of OPEC+ talks