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Volvo Cars CFO: The impact of high oil and raw material prices began to appear in the second half of this year.
The Russian Ministry of Defense stated that Russian troops attacked infrastructure in Odessa and Black Sea ports in Ukraine.
The main contract for low-sulfur fuel oil (LU) has turned lower, currently trading at 4,539 yuan/ton, after rising nearly 2% earlier.
Euro Stoxx 50 futures fell 0.87%, German DAX futures fell 0.66%, and UK FTSE 100 futures fell 0.37%.
July 17th - According to The Wall Street Journal, a senior executive at Amazon Web Services (AWS) plans to join Meta Platforms (META.O) in the coming weeks, a move that reflects the social media giant's growing ambitions in building data centers and computing resources. Sources familiar with the matter revealed that Dave Brown, one of AWS's top executives, will join Meta, bringing nearly 20 years of industry experience and reporting to the head of Meta's infrastructure. Meta CEO Mark Zuckerberg stated at the annual shareholder meeting in May that building a cloud computing business was "definitely on the table." He said that companies contact Meta "almost weekly" seeking access to its artificial intelligence models or paying a premium to use its idle computing power.
The commander of the Ukrainian drone force stated that Ukrainian drones have hit 12 Russian ships in the Black Sea.
According to the Wall Street Journal, sources familiar with the matter said that Meta Platforms (META.O) has hired the head of Amazon Web Services (AWS) computing business and is considering entering the cloud services field.
The SC crude oil futures contract fell by 2.00% during the day, currently trading at 506.00 yuan per barrel.
Volvo: Truck business in China grew by 14% compared to last year.
Volvo: As of May, North American retail truck sales were down 18% year-over-year.
Volvo: Second-quarter revenue was SEK 126.3 billion. IBES estimated it at SEK 123.837 billion.
Volvo: Net truck orders for the second quarter were 63,412 units, compared to 47,761 units in the same period last year.
Volvo: In the second quarter of 2026, the net impact of US tariffs will be negative SEK 1.2 billion.
The Hang Seng Tech Index fell further in the afternoon, with the Hang Seng Index currently down 2.36%. Zhipu (02513.HK) is down 26.81%, and MINIMAX-W (00100.HK) is down 14.3%.
July 17th - According to foreign media reports, two oil tankers sanctioned by the United States and carrying cooking fuel are turning around and zigzagging in the Gulf of Oman and the Arabian Sea. These unusual navigational maneuvers occur as the United States is carrying out a new round of actions against Iranian shipping, which began on Tuesday. According to ship tracking data, the liquefied petroleum gas (LPG) carrier Glendale turned around on Thursday evening while sailing in the Gulf of Oman and heading towards the Arabian Sea, and is currently stationed near the coast of Oman. Danuta I changed course several times sharply shortly after entering the Arabian Sea and is currently sailing at a low speed. A third LPG vessel sanctioned by the United States, the very large liquefied gas carrier Celeste, was observed entering the Arabian Sea.
Tencent Holdings (00700.HK) saw its losses widen to 5% in the afternoon.
TSMC fell 5.3%; MediaTek fell 8.1%.
According to Yonhap News Agency, stricter U.S. student visa regulations will affect more than 13,000 South Koreans in the U.S.
The MSCI Asia Pacific ex Japan index fell by more than 2%.
Iran's IRIB news website published photos of the attacked bridge in Iran.
Apr 21, 2023 14:03
Apr 21, 2023 13:58
Apr 20, 2023 13:54