(Reuters) - Shares of China's Zeekr Intelligent Technology were scheduled to start trading on the New York Stock Exchange on Friday after the electric-vehicle maker priced its initial public offering at the top end of its marketed range.
The debut would mark the first major U.S. listing by a Chinese company since 2021 and would test the investor appetite for such companies.
It would also be a barometer to gauge interest for EV makers,... (continue reading...)
By Joan Faus
BARCELONA (Reuters) - Spain's Catalonia region holds an election on Sunday with big implications for the Socialist-led national government and a pro-independence movement rumbling for a decade.
WHEN DID THE INDEPENDENCE PUSH START?
Support for independence was marginal in the wealthy northeastern region, which speaks its own Catalan language and borders France, until the 2012 eurozone financial crisis that led... (continue reading...)
By Qiaoyi Li and Brenda Goh
BEIJING (Reuters) -China's car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price competition and consumers' caution about spending on big items during a shaky economic recovery.
Car exports jumped 38% year-on-year to 417,000 units in April, continuing strong momentum from the previous month which posted a 39% growth in... (continue reading...)
By Lewis Krauskopf
NEW YORK (Reuters) - A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.
The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.
The bounce has... (continue reading...)
By Howard Schneider
WASHINGTON (Reuters) - The U.S. central bank likely remains on track to cut interest rates this year even if the timing and extent of the policy easing is uncertain and further declines in inflation come only slowly, Atlanta Federal Reserve President Raphael Bostic said in an interview with Reuters.
"I still have that belief" that interest rates can be lowered this year despite a first quarter in which the pace of... (continue reading...)
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Blinken report expected to say Israel is not breaking weapons terms, Axios reports