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NIO Inc. Q3 Loss Widens; Total Revenues Up 46.6%

NIO Inc. Q3 Loss Widens; Total Revenues Up 46.6%

NIO Inc. (NIO) reported on Tuesday a third quarter net loss attributable to NIO's ordinary shareholders of RMB 4.63 billion or $634.41 million, sharply wider than RMB 4.14 billion in the prior-year quarter. Net loss per ADS was RMB 2.67, compared with a loss of RMB 2.53.
RTTNews | vor 617 Tagen
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Equity markets in Asia closed on an overwhelmingly negative note on Tuesday, tracking the weak closing on Wall Street on Monday amidst anxiety about how the U.S. labor market update could sway the Fed's interest rate trajectory.
RTTNews | vor 617 Tagen
China Service Sector Growth Gains Strength

China Service Sector Growth Gains Strength

China's service sector grew at the fastest pace in three months in November as there were upturns in new business as well as business sentiment, survey data from S&P Global showed on Tuesday. The Caixin services Purchasing Managers' Index, or PMI, rose to 51.5 in November from 50.4 in October. A score above 50.0 indicates expansion in the service sector.
RTTNews | vor 617 Tagen
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European Markets Brace For Muted Opening

European Markets Brace For Muted Opening

Waning excitement over rate cuts, uncertainty about key labor market updates from the U.S. as well as the weak trend in Wall Street are seen keeping market sentiment subdued at the European bourses on Tuesday.
RTTNews | vor 617 Tagen
European Economic News Preview: Eurozone Final PMI Data Due

European Economic News Preview: Eurozone Final PMI Data Due

Final composite Purchasing Managers' survey results are due from the euro area and the UK on Tuesday, headlining a busy day for the European economic news. At 2.45 am ET, France's INSEE is scheduled to issue industrial production data for October. Economists forecast output to grow 0.2 percent on a monthly basis, in contrast to the 0.5 percent decrease in September.
RTTNews | vor 617 Tagen
Australian Dollar Falls Further After  RBA Rate Decision

Australian Dollar Falls Further After RBA Rate Decision

At 10:30 pm ET in the early Asian session on Tuesday, the Reserve Bank of Australia announced its monetary policy decision. The RBA kept its benchmark lending rate unchanged at 4.35 percent, as expected. After the RBA decision, the Australian dollar fell further against its major rivals.
RTTNews | vor 617 Tagen

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