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China Automotive Systems Boosts FY22 Revenue Guidance - Update
(RTTNews) - While reporting financial results for the third quarter on Monday, vehicle parts supplier China Automotive Systems, Inc. (CAAS) raised its revenue guidance for the full-year 2022 to $540 million from the prior guidance of $500 million, based on the company's current views on operating and market conditions, which are subject to change.
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Bay Street Likely To Open On Weak Note
Canadian shares are likely to open lower on Tuesday, tracking weak European markets amid growing uncertainty over U.S. - EU trade talks. Weak crude oil and bullion prices may hurt as well.
The economic calendar is blank and there are no big earnings news as well. The mood in the market is likely to remain cautious.
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3h 10min ago
GM Q2 Results Down, Yet Beat Market; Backs FY25 View; Shares Hit
Automajor General Motors Co. on Tuesday maintained its fiscal 2025 earnings outlook, after reporting weak profit and revenues in its second quarter. However, adjusted earnings and top line beat market estimates. In the pre-market activity on the NYSE, General Motors shares were losing around 3.7 percent.
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4h 33min ago
FTSE Flat At Noon; Compass Group, Centrica Post Strong Gains
U.K. stocks are turning in a mixed performance in cautious trade on Tuesday with investors reacting to some earnings updates, and assessing the possible move of the U.S. and the European Union in the event of the ongoing trade negotiations failing to result in any meaningful solution to the tariff issues.
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4h 33min ago
UK Budget Deficit Exceeds Estimate In June
The UK budget deficit widened more than estimated in June on higher debt servicing costs, which has added pressure on Chancellor Rachel Reeves to raise taxes at the autumn budget. Public sector net borrowing rose by GBP 6.6 billion from the previous year to GBP 20.7 billion in June, the Office for National Statistics reported Tuesday.
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4h 40min ago
CAC Moderately Lower As Investors Await Progress In Trade Talks
French stocks are notably lower on Tuesday amid rising uncertainty over U.S.-EU trade talks ahead of the August 1 deadline. The mood is very cautious with investors awaiting a slew of earnings updates from big name French companies.
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4h 53min ago
DAX Down Nearly 1%; Sartorius Plunges 9%
German stocks are down in negative territory on Tuesday, weighed down by some weak earnings updates and uncertainty about tariffs.
The European Union is reportedly preparing to respond with a suite of retaliatory measures under its Anti-Coercion Instrument (ACI) following U.S. President Donald Trump's threat to impose a 30% tariff on EU goods from 1 August.
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5h 8min ago
Sensex, Nifty End Choppy Session Marginally Lower
Indian shares ended a choppy session slightly lower on Tuesday due to prevailing uncertainty regarding an interim trade deal between the U.S. and India.
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5h 29min ago
Antipodean Currencies As European Shares Decline On Trade Deal Anxiety
The antipodean currencies such as the Australia and New Zealand dollars weakened against their major currencies in the European session on Tuesday, as European shares traded lower, with disappointing earnings and trade anxiety keeping investors on edge.
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6h 8min ago
