Oil Rallies to Two-Month High After US Crude Stockpile Decline

AFP
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
The Telegraph
BMW attacks EU tariffs on Chinese electric car imports
BMW has accused the European Union of protectionism as Brussels prepares to hit imported Chinese electric cars with a wave of tariffs.
The Guardian
British electricity prices could hinder switch to green technology, says steel industry
UK Steel says British firms paid prices in spring well over double French and Spanish equivalents
The Telegraph
Trader bets £2m on biggest interest rate cut in four years
A money markets trader has placed a £2m bet on the Bank of England making the biggest interest rate cut in four years next month after inflation fell back to its 2pc target.
Fool.co.uk
2 dirt cheap penny stocks investors should consider this July!
Looking for the best value shares to buy today? Our writer Royston Wild thinks these cut-price penny stocks demand close attention. The post 2 dirt cheap penny stocks investors should consider this July! appeared first on The Motley Fool UK.
Fool.co.uk
This FTSE stock yields 16.3%! Should investors consider buying it?
This FTSE stock currently has an enormous yield. Could it be a good buy for those seeking income from their investment portfolios? The post This FTSE stock yields 16.3%! Should investors consider buying it? appeared first on The Motley Fool UK.
PA Media: UK News
Demand for new cars from private buyers falls for ninth month in a row
The Society of Motor Manufacturers and Traders said 67,625 new cars were registered by private consumers in June.
CNN Business
Germany blocks another big business deal with China
Germany has blocked the sale of a Volkswagen subsidiary to a Chinese state-owned company on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner.
AFP
Why are Chinese electric cars in EU crosshairs?
The European Union will impose additional provisional duties of up to 38 percent on Chinese electric cars from Friday after concluding manufacturers in China benefited from unfair state support.The EU will now impose provisional duties between 20 and 38 percent on top of the current 10 percent tariff on Chinese electric cars.
AFP
New lithium plant inaugurated in Argentina
French mining group Eramet and China's Tsingshan on Wednesday inaugurated a lithium production plant in Argentina to supply the booming electric car industry. The plant is not a traditional mine nor one of the environmentally damaging salt flats from which the metal used in electric batteries is normally extracted in South America's so-called lithium triangle of Argentina, Bolivia and Chile.
Bloomberg
Oil Holds Steady Near Two-Month High Amid Falling US Stockpiles
(Bloomberg) -- Oil held steady near a two-month high as signs of weaker demand in Asia vied with a decline in US crude stockpiles.Most Read from BloombergBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsNewsom Shocks California Politics by Scrapping Crime MeasureHouse Democrats Consider Demanding Biden Withdraw From RaceChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysWest Texas Intermediat
Associated Press
Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery
Turkmenistan and Iran on Wednesday signed a contract for the delivery of 10 billion cubic meters a year of Turkmen gas that Iran will then ship on to Iraq. The deal was announced by Turkmenistan's foreign ministry, which did not state the monetary worth of the contract. The ministry's statement said Iranian companies will construct a new 125-kilometer (77-mile) pipeline to Iran to expand Turkmenistan's delivery capacity.
Reuters
Analysis-EU's airline deal demands fuel doubts over further attempts
It took a year of wrangling with the European Commission for Germany's Lufthansa to gain approval to buy 41% of Italy's ITA Airways, and only after it accepted big concessions. While the deal expands Lufthansa's footprint in the lucrative southern European market, the combined group will have to cede some routes and slots to rivals for it to proceed. Industry executives, investors and experts say greater scrutiny of such tie-ups by European regulators and demands for remedies could deter major airlines from further deals.
Simply Wall St.
3 High Yield Dividend Stocks Offering Up To 4.5%
In a week marked by moderate gains in major U.S. stock indexes and a general anticipation of upcoming earnings reports, investors are closely watching market movements. Amidst this landscape, high-yield dividend stocks emerge as noteworthy considerations for those seeking potential income-generating investments in the current economic environment.
Barrons.com
Is the Stock Market Open Today? Here Are the Fourth of July Trading Hours.
FEATURE Investors may wish to put down the trading apps and crack open a cold one on Thursday: Independence Day. The holiday, celebrated annually on July 4, falls during the start of the second half of 2024.
Yahoo Finance Video
Weight-loss drugs linked to rare vision loss: Harvard study
Novo Nordisk (NVO) and Eli Lilly (LLY) shares dip in reaction to a Harvard study that found GLP-1 weight-loss drugs Ozempic and Wegovy could be linked to rare cases of vision loss. Yahoo Finance health reporter Anjalee Khemlani explains the study's findings. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Barrons.com
Oil Gains on Reports of Substantial Fall in U.S. Inventory
Oil prices were edging higher as reports of a larger-than-expected draw in U.S. crude stockpiles signals solid demand during the summer driving season in the world's top consumer. Brent crude and WTI were both up 0.3% to $86.55 and $83.11 a barrel, respectively, after reaching their highest level in more than two months in the previous trading session. Crude inventories fell by 9.16 million barrels last week, according to reports citing figures from the American Petroleum Institute ahead of official data later on Wednesday.
The Guardian
EU brushes aside risk of China trade war over electric vehicle tariffs
Higher levies on Chinese EV imports to come into force despite carmakers’ fears of retaliation
Insider Monkey
The Fastest Growing Automotive Brand in the World
In this article, we will take a look at the Fastest Growing Automotive Brand in the World. We have also compiled a full free list of the 15 Fastest Growing Automotive Brands in the World. Global Automotive Market Trends The global automobile manufacturing sector is one of the largest industries worldwide and has been growing […]
Reuters
China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. "The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing. China and the European Commission have been in negotiations since last week over the curbs that Beijing and some European automakers want scrapped.

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What a Labour government needs to do for pensions and work in the first 100 days

Oil Rallies to Two-Month High After US Crude Stockpile Decline

Latest stories

EU slaps Chinese electric cars with tariffs of up to 38%

BMW attacks EU tariffs on Chinese electric car imports

British electricity prices could hinder switch to green technology, says steel industry

Trader bets £2m on biggest interest rate cut in four years

2 dirt cheap penny stocks investors should consider this July!

This FTSE stock yields 16.3%! Should investors consider buying it?

Demand for new cars from private buyers falls for ninth month in a row

Germany blocks another big business deal with China

Why are Chinese electric cars in EU crosshairs?

New lithium plant inaugurated in Argentina

Oil Holds Steady Near Two-Month High Amid Falling US Stockpiles

Turkmenistan and Iran sign deal to supply gas to Iraq. Iran will build pipeline to aid delivery

Analysis-EU's airline deal demands fuel doubts over further attempts

3 High Yield Dividend Stocks Offering Up To 4.5%

Is the Stock Market Open Today? Here Are the Fourth of July Trading Hours.

Weight-loss drugs linked to rare vision loss: Harvard study

Oil Gains on Reports of Substantial Fall in U.S. Inventory

EU brushes aside risk of China trade war over electric vehicle tariffs

The Fastest Growing Automotive Brand in the World

China EV makers brace for tariffs as Beijing, EU engage in talks