NaaS Technology Partners Geely Auto To Provide Enhanced EV Charging Services

NaaS Technology Appoints Steven Sim To Succeed Alex Wu As CFO

NaaS Technology Inc. (NASS), the first U.S. listed EV charging service company in China, announced Monday that Alex Wu, President, Chief Financial Officer and Director of the Company, resigned from the Company for personal reasons, effective August 9, 2024.

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EU To Impose Countervailing Duties Of Up To 38.1% On Chinese BEVs

The European Commission is set to impose countervailing duties of up to 38.1 percent on imports of battery electric vehicles (BEVs) from China. The Commission has provisionally concluded that the BEV value chain in China benefits from unfair subsidization as part of its ongoing investigation.

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European Shares Drift Lower Ahead Of US Inflation Reading

European stocks traded lower on Friday as investors waited for key U.S. inflation data due later in the day that could provide additional clues on a potential Federal Reserve rate cut in September.

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Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as traders await the July Personal Consumption Expenditures (PCE) price index due later in the day.

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Asian Shares Mixed Ahead Of US PCE Inflation Data

Asian stocks ended mixed on Friday as caution prevailed ahead of a key U.S. inflation report due later in the day that might show core personal consumption expenditures prices rose 2.9 percent in July, the fastest pace in five months.

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NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.

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Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Friday.

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European Shares Seen Mostly Lower Before US Inflation Data

European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.

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EURUSD	1.1674	GBPUSD	1.34638	AUDUSD	0.65288
USDJPY	147.069	USDCAD	1.37559	USDCHF	0.8013