China’s state media: Canada is ‘shooting itself in the foot’ with new EV tariffs
On Monday, Canada announced that it would import 100% tariffs on China-made electric vehicles, effective Oct. 1.
Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish krone, or about $4.65 billion.
CNBC Daily Open: Everyone’s waiting for Nvidia
Stocks edged higher ahead of Nvidia’s earnings report. The Dow Jones Industrial Average eked out a 0.02% increase, marking its second consecutive record close.
Apple eyes bigger slice of India’s streaming, music market with Airtel deal
Apple is tying up with India’s Airtel to offer the telecom firm’s premium customers its music and video streaming services for free.
China’s Nongfu Spring sees shares fall over 12% as beverage maker’s profit growth slows
Shares of China’s largest bottled water producer Nongfu Spring slumped after posting a sharp slowdown in its half-year profit growth.
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
The announcement is JD.com’s second buyback this year, after announcing a $3 billion buyback in March.
Bank of Japan to begin initial research to include wage trends in ‘tankan’ business survey
The BOJ said on Tuesday it would start preliminary research on including wage-related items in its quarterly “tankan” survey to more accurately reflect wage trends.
Hybe, K-pop’s largest agency, gains $282 million in market cap after sublabel CEO steps down
Min reportedly said, however, that “the decision was illegal” and made “unilaterally.”
Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car
Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla.
China Evergrande’s EV arm warns of bigger first-half loss on impairment provisions
China Evergrande New Energy Vehicle said it expected to report a bigger loss for the first half of 2024, reflecting an increase in provision for impairments.
