SHANGHAI (Reuters) – Guoxuan High-Tech Co Ltd (SZ:) is in talks with Volkswagen AG (DE:) for potential strategic cooperation in technology, product, and capital, the Chinese battery maker wrote in a company filing on Monday. Guoxuan added it has not reached a legally binding agreement with the German automaker regarding the terms and conditions of its cooperation. On Friday, Reuters reported that Volkswagen was preparing to purchase a 20% stake in Guoxuan. Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily…
Category: Stock Market
Drugmakers slash prices to be eligible for China’s bulk-buy program By Reuters
BEIJING (Reuters) – Global pharmaceutical majors and generic drugmakers chopped by 53% on average prices of some of their off-patent products in the latest bidding round under China’s national bulk-buy program, government officials said late on Friday. Beijing has been pushing forward the program where drugmakers have to go through a bidding process and cut prices low enough to be considered over generic copies and be allowed to sell their products at public hospitals via large-volume government procurement. Some global firms such as AstraZeneca (L:) and Merck (N:) have already…
Stocks tread water ahead of signing of initial U.S.-China trade deal By Reuters
© Reuters. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo By Tomo Uetake TOKYO (Reuters) – Stocks were steady in early Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary’s that tariffs would remain in place for now. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.13%, Japan’s benchmark and South Korea’s Kospi shed 0.29% and 0.48%, respectively, while Australian stocks added 0.33%. Treasury Secretary…
Wall Street Pushes Higher Amid Deal Flurry By Investing.com
© Reuters. By Peter Nurse Investing.com – U.S. stocks pushed higher after the open Monday, as global macro concerns eased and investors took on board positive company-specific news, including a flurry of midcap mergers and some upbeat earnings guidance. The index was trading 6 points, or 0.2%, higher by 0935 ET (1435 GMT), with the up 33 points, or 0.4%. The gained 27 points, or 0.1%. Fears of major military action in the Middle East have dimmed, although the Iranian authorities are under pressure from domestic protests over the downing…
Strategist Who Nailed 2019 U.S. Stock Surge Warns on Positioning By Bloomberg
(Bloomberg) — U.S. stock positioning is near extreme levels as investors price in improving worldwide economic growth, according to Deutsche Bank AG (DE:). “Equity positioning, like the market itself, has run far ahead of current growth asinvestors price in a global growth rebound,” strategists Parag Thatte, Srineel Jalagani and Binky Chadha wrote in a note Friday. It “is now in the 96th percentile on our consolidated measure, with a wide variety of metrics very stretched.“ Systematic strategies have raised equity exposure to the top of their ranges — to where…