Hints and tips:
...The company was founded just six years ago, when the site of its auto factory two hours from Hanoi was swampland....
...Electric carmakers there such as Li Auto, Nio and Xpeng are seeing big share price rises as well, although rebounding sales have also helped. 4....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Sales of the Chevrolet Silverado pick-up truck by GM were up 24 per cent for the month, year-on-year....
...It continued throttling back in the fourth quarter, announcing on Wednesday that fourth-quarter originations dropped 24 per cent from a year ago....
...Shares of Valvoline climbed as much as 11 per cent to $24.51 in the sixth largest US initial public offering of the year, valuing the maker of motor oils and auto lubricants at $4.9bn....
...Mylan, which is a member of the Nasdaq biotech sector, has raised the price of an EpiPen by almost 500 per cent over the past six years to more than $600 for a pack of two auto injectors....
...The shares opened at $24.25, down from the $25 issue price....
...The company, which is controlled by the Spanish bank Santander, sold 75m shares, or about 21.5 per cent of its shares, at $24 each on Wednesday after increasing the size of the offering and moving it up...
...Financials are 23 per cent, consumer cyclicals are 24 per cent and industrials are 15 per cent....
...up +3.31 (+0.05%) at 6,735 CAC 40 down -26.70 (-0.62%) at 4,273 Dax down -26.09 (-0.29%) at 9,008 Currencies €/$ 1.35 (1.35) $/¥ 98.73 (98.67) £/$ 1.59 (1.59) Commodities ($) Brent Crude (ICE) up +0.24...
...Apollo dismisses rumours that it is looking to buy US-based Cooper Tire, the world’s ninth biggest tyremaker by sales. The current focus is on east Asia....
...BHP rose 2.7 per cent to £25.85 and Rio was 3.2 per cent firmer at £45.24. Mining sector demand led the FTSE 100 to rise 0.8 per cent, or 48.38 points, to 6,055.75....
...For its part, Macy’s stood at $24.4bn less than two years ago, but slipped to a tenth of that in November....
...As consumer confidence fell and credit markets remained frozen, the lowest U.S. auto sales in more than 20 years put tremendous pressure on our cash position....
...Shares in Todco jumped 19.7 per cent to $39.24 while Hercules fell 4.7 per cent to $25.32....
...Continental Airlines fell 11.4 per cent at $17.24 in spite of reporting of a narrower fourth-quarter loss....
...The company said its Freedom Rings subsidiary had filed for Chapter 11 bankruptcy owing the doughnut chain $24.1m....
...CSFB upgraded the European auto sector from “market weight” to “overweight”....
...The auto sector also had a bad day after being the best performing sector in the previous session....
...On the upside, Opap rose 2.8 per cent to €24.90 after Credit Suisse First Boston reiterated its “outperform” rating on the Greek gaming group....
...“We query the notion BMW is just another value-destroying auto company,” Adam Jonas of Morgan Stanley said....
...Bayer shares added 1.2 per cent to €24.69 while Lanxess ended 1.3 per cent higher at €15.03....
...That news unnerved the wider market, prompting a retreat in other sectors, such as auto....
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