China Tightens Export Controls on Battery-Making Graphite
China strengthened export controls on some categories of graphite, a key material in electric vehicle batteries, in a move that would “safeguard national security and interests.”
Stocks Drop and Oil Rises on War Escalation Fears: Markets Wrap
Equities fell and oil and gold prices climbed as investors responded to the threat of a weekend escalation that would spread the conflict between Israel and Hamas to the wider Middle East region. Treasuries rose as yields at multiyear highs drew buyers.
Death Threats, Intimidation Mar Speaker Race in Age of Extremism
Death threats and political intimidation have erupted from the struggle to decide the US House speaker, highlighting how extremism and enmity in the American electorate are deepening the political divide in Washington.
BOJ’s Ueda Says Need for Risk Management of Rates Is Increasing
Bank of Japan Governor Kazuo Ueda urged Japanese credit unions to undertake proper management of interest rate risks, citing the banking crisis that shook the US financial system earlier this year as well as high uncertainties related to the domestic economy.
Singapore Dollar at All-Time High Against Ringgit on Policy Gap
Singapore’s dollar surged to an all-time high against the Malaysian ringgit as the latter was weighed down by weaker exports and its widening rate differential with the US.
Europe Car Sales Extend Winning Streak on Order Backlogs
European auto sales maintained double-digit growth in September despite higher interest rates raising the cost of acquiring a car.
Nio’s EV-Making Partner Puts Factory, Other Assets Up for Sale
Anhui Jianghuai Automobile Group Corp., which makes electric vehicles for US-listed Nio Inc., is selling a car factory and other assets worth an estimated 4.5 billion yuan ($615 million).
Kioxia Is Said to Approach JIC to Back Western Digital Deal
Kioxia Holdings Corp. has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital Corp. and strengthen the combined company’s financial base, according to people familiar with the matter.
Kioxia Is Said to Approach JIC to Back Western Digital Deal
Kioxia Holdings Corp. has approached Japan Investment Corp. about making a capital infusion to support its merger with Western Digital Corp. and strengthen the combined company’s financial base, according to people familiar with the matter.
US Nuclear Test Raises Concerns of New Arms Race With Russia
The US conducted a high-explosive experiment at a nuclear test site in Nevada just hours after Russia revoked a ban on atomic-weapons testing, prompting concerns of a new arms race between the world’s top nuclear powers.