Europe


Nio shares dip despite forecast rise of 18% in Q1 EV sales

Nio shares dip despite 18% Q1 sales forecast rise

(ATF) Chinese electric vehicle (EV) maker Nio reported fourth quarter results that missed profit expectations after the US close on Monday March 1 and its shares dipped over 5% despite a backdrop of a sharp recovery in most US equities and its own forecast of a +18% rise in Q1 …

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Facebook to restore news pages after deal with Australian govt

Facebook to restore news pages after deal with Australian govt

(ATF) A compromise has been reached between Facebook and the Australian government, which will see the internet giant restore local news pages after the government agreed to amend its proposed law. The bill will force tech giants to pay for media content displayed on their platforms.Australia and the social media …

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Beijing trips on its misguided energy build-out policy

Beijing trips on its misguided energy build-out policy 

(ATF) Beijing has been caught in its own political cross-hairs. Last year, during the worst of the Covid-19 crisis, China approved a near-record number of new coal power plants to help numerous provincial governments weather the economic impact of the pandemic.However, seemingly in contradiction of that build-out mandate, which had …

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London loses lead in Europe share trading

London loses lead in Europe share trading

(ATF) London has lost its title as the share-trading capital of Europe to Amsterdam after Brexit stripped UK financiers of some rights to operate in the EU.Euronext Amsterdam and two other Dutch share markets traded an average 9.2 billion euros ($11.2 billion) in shares each day in January while London …

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China 'to gain bargaining power' over US via EU investment deal

China 'to gain bargaining power' over US via EU investment deal

(ATF) The Comprehensive Agreement on Investment that China reached with the European Union last week will help reduce the risk of Beijing being “marginalised” and give China more bargaining power to handle economic and trade conflicts with the US, analysts have said.“The investment agreement between China and the EU is …

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Global economy set to warm up faster than US-China relations

Global economy set to warm up faster than US-China relations

(ATF) With progress on Covid-19 vaccines, prospects for the world economy in 2021 are brightening. But the same cannot be said yet for US-China ties, despite hopes for an improvement under Joe Biden. Investors snapping up Chinese assets must guard against complacency and price in continued political risk.Global markets are …

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EU seeks US reset to confront China 

EU seeks US reset to confront China threat

(ATF) The European Union (EU) wants to rebuild its alliance with the US after President Trump is replaced by Joe Biden to confront issues such as the “strategic challenge” posed by China, according to a draft plan that was reported by the Financial Times on Sunday November 29. “As open …

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New rules bring China’s internet giants to heel

New rules bring China’s internet giants to heel

(ATF) At noon on November 10, Chinese officials issued a report with a long and boring title that few people in the country are ever likely to read. But this weighty document could have serious ramifications not only for China's biggest corporate entities, but considerable flow-on effects for all citizens.Not …

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This week: Treasury-Fed rift, vaccine progress

Markets this week: Treasury-Fed rift, vaccine progress

(ATF) Economic eventsGlobal markets are cautiously optimistic as a slew of vaccine developments lift sentiment but gains will be checked as the rising infection count and a clash between the US Treasury and the Federal Reserve threatens the economic recovery. In the United States, Treasury Secretary Steven Mnuchin’s decision on …

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Sinovac trial suspension complicates vaccine race for China

Sinovac trial suspension complicates vaccine race for China

(ATF) Brazil’s health regulator has suspended a Covid vaccine trial by Chinese firm Sinovac, citing a severe adverse effect.The extent to which the rollout of vaccines has become politicised was underlined when Brazilian president Jair Bolsonaro hailed the suspension as a “victory” for him personally, in a swipe at Sao …

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