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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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Renewed Selling Pressure Likely For Japan Shares
The Japanese stock market bounced higher again on Tuesday, one day after ending the two-day winning streak in which it had added just 50 points or 0.2 percent. The Nikkei 225 now sits just beneath the 39,690-point plateau although it's likely to head south again on Wednesday.
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2 minutes ago
KOSPI May Run Out Of Steam On Wednesday
The South Korea stock market has finished higher in back-to-back sessions, collecting more than 60 points or 1.9 percent along the way. The KOSPI now sits just beneath the 3,115-point plateau although investors may lock in gains on Wednesday.
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17 minutes ago
New Zealand Interest Rate Decision Due On Wednesday
The Reserve Bank of New Zealand will wrap up its monetary policy meeting on Wednesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The RBNZ is expected to hold its Official Cash Rate steady at 3.25 percent.
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1h 17min ago
U.S. Dollar Higher As Trump Delays Tariff Deadline
The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as President Donald Trump announced a delay in implementation of tariffs to August 1.
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1h 57min ago
American Households' Inflation Expectations Steady; More Optimism On Finances: NY Fed Survey
U.S. households' inflation expectations were largely unchanged in June and they were more optimistic regarding their financial situation and access to credit in the year-ahead, results of a survey by the Federal Reserve Bank of New York showed on Tuesday.
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2h 15min ago
Swiss Market Settles Marginally Up
Despite spending much of the day's trading session in negative territory, the Switzerland market closed marginally higher on Tuesday thanks to some brisk buying in the final minutes.
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4h 18min ago
European Markets Close On Positive Note
European markets closed on a positive note on Tuesday, as investors shrugged off concerns about tariffs and picked up stocks, amid hopes major European countries will strike trade deals with the U.S. before the newly announced August 1 deadline.
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4h 40min ago
Strong Jobs Data Limits Dollar's Losses Amidst Fiscal And Tariff Concerns
Data showing an unexpectedly strong payrolls addition curtailed the dollar's losses in a week marked by anxiety about the U.S. fiscal outlook.
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10h 15min ago
