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China Yuchai Says End-use Check Conducted On Subsidiary By U.S. Department Of Commerce
(RTTNews) - China Yuchai International Ltd. (CYD) provided on Monday an update that, further to the release on October 16, 2022, an end-use check has been conducted on its subsidiary, Guangxi Yuchai Machinery Co. Ltd. or GYMCL, by the U.S. Department of Commerce.
As at the date of this announcement, GYMCL's business continues to operate normally with no major supply chain impact.
The Company will make further announcements as and when appropriate in the event of any further material development on the matter.
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Canadian Dollar Rises As Inflation Climbs
The Canadian dollar advanced against its most major counterparts in the New York session on Tuesday, after a data showed that inflation accelerated in April.
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53 minutes ago
Swiss Market Ends Modestly Higher
The Switzerland market suffered a mild setback in early trades on Tuesday, but recovered soon and then stayed firm right till the end of the session to finish with a modest gain. Investors tracked corporate news and the developments on the geopolitical front.
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1h 41min ago
European Stocks Recover After Weak Start, Close Broadly Higher
European stocks closed broadly higher on Tuesday amid easing tariff worries, and expectations that Russia and Ukraine would soon begin ceasefire negotiations. The UK-EU trade agreement on Monday contributed as well to the positive mood in European markets.
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2h 1min ago
TSX Extends Gains To 10th Straight Session, Hits New Record High
Canadian shares are up in positive territory Tuesday morning, extending gains to a tenth straight session, amid easing concerns about tariffs, and some brisk buying in gold stocks on safe-haven appeal following Moody's downgrading U.S. credit rating, citing debt concerns.
Investors are also digesting a report showing a drop in Canada's annual inflation rate.
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3h 32min ago
Honda Cuts EV Sales, Investment Targets As It Shifts Focus
Honda Motor Co., Ltd. announced Tuesday that it is realigning automobile business strategy, with a cut in planned electric vehicle or EV sales ratio, and investment for automobile electrification due to the recent market slowdown. Meanwhile, Honda expects a minimal increase in investment related to Hybrid Electric Vehicle or HEV business.
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4h 33min ago
Bay Street Likely To Open On Cautious Note; Inflation Data In Focus
The Canadian market is likely to see a cautious start Tuesday morning with investors reacting to the nation's consumer price inflation data.
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7h 2min ago
U.S. Dollar Slides Amid U.S. Tariff Uncertainty
The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
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7h 29min ago
FTSE 100 Moderately Higher As Investors Focus On Earnings
U.K. stocks are up in positive territory on Tuesday, extending gains to a fourth straight session. The focus largely on corporate earnings updates, and the developments on the trade front.
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8h 16min ago
