Trump pledge of quick China magnet flows has yet to materialise

Trump pledge of quick China magnet flows has yet to materialise

[HONG KONG] Almost 10 days since US President Donald Trump declared a “done” trade deal with Beijing, US companies remain largely in the dark on when they will receive crucial magnets from China, and whether Washington, in turn, will allow a host of other exports to resume. While there has been a trickle of required…

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Tesla set to open India showrooms in July with made-in-China EVs

Tesla set to open India showrooms in July with made-in-China EVs

[NEW DELHI] Tesla is set to open its first showrooms in India in July, sources familiar with the discussions said, kicking off formal operations in the world’s third-biggest automobile market as the Elon Musk-led firm hunts for growth amid falling sales in Europe and China. The electric vehicle (EV) giant’s first set of cars have…

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Trump says he may change his mind about firing Fed chair Powell

Trump says he may change his mind about firing Fed chair Powell

[WASHINGTON] US President Donald Trump on Friday (Jun 20) again floated the idea of firing Jerome Powell, the Federal Reserve chair he has long attacked over interest rates he wants lowered. “I don’t know why the Board doesn’t override (Powell),” Trump wrote in a lengthy post on Truth Social criticising Fed policy. “Maybe, just maybe,…

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Another buyer has made offer for Rays in potential twist

Another buyer has made offer for Rays in potential twist

Another potential Rays buyer has thrown a hat in the ring. Trip Miller, the founder of a Memphis hedge fund, is the latest to join the billionaire race to own the Rays as he created a group that made an all-cash offer to Rays owner Stu Sternberg, according to The Athletic. “We made an offer…

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