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SAIC MG brand global sales in April exceeded 54,000 units.
03/05/2025
On May 2nd, SAIC Motor's MG car brand announced that in April 2025, the global sales of MG brand exceeded 54,000 vehicles, with a 71% year-on-year growth in its domestic sales.
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2 m ago
German chemical giant warns: US tariff policy is undermining industrial chain stability.
2 m ago
German chemical giant BASF Group issued a warning on the 2nd about the recent US tariff hikes, stating that escalating global trade tensions are increasing market uncertainty and posing a substantial threat to the world economic recovery. The group stated that although the direct business impact is currently "manageable," unilateral measures taken by the US are disrupting supply chain stability, leading to a decline in customer confidence and increased order fluctuations. BASF's Chief Financial Officer, Dirk Elverman, stated on the day of the release of the group's first-quarter financial report that the volatility of tariff policies, the unpredictability of further decisions by the US, and the potential response measures by other trading partners are impacting global market sentiment. He revealed that the economic environment in the first quarter was "weaker than expected," and the external risks facing the company are "much higher than initially anticipated." Despite this, BASF is maintaining its annual performance target unchanged and emphasizing that the company's extensive localization production layout provides resilience against tariff impacts. (CCTV News)
7 m ago
The Hong Kong Monetary Authority sold HKD 46.539 billion in the market as the exchange rate of the Hong Kong dollar reached the strong side of the currency exchange guarantee.
9 m ago
On Friday, the New York closing offshore RMB against the US dollar was reported at 7.2103 yuan at 04:59 Beijing time, up 686 points from the New York closing on Thursday. The overall intraday trading ranged from 7.2808 to 7.2091 yuan, breaking through the March 12th peak of 7.2157 yuan and approaching the November 11, 2024 peak of 7.1864 yuan.
10 m ago
Barclays: Maintains a rating of Maplebear (CART.US), adjusted from a rating of Hold to a rating of Buy, with a target price adjusted from $58.00 to $61.00.
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