China Nio shares soar 20% as EV deliveries more than double in April
Hong Kong-listed shares of Chinese electric vehicle maker Nio Inc jumped 20% in early trading, after its vehicle deliveries more than doubled in April.
Source: cnbc.com
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Stocks making the biggest moves midday: Eli Lilly, 3M, PayPal, Tesla and more
These were some of the stocks making the largest moves in trading on Tuesday.
Source: cnbc.com
Weak yen pressures Bank of Japan rate decision
The Bank of Japan kept its ultra-low interest rates unchanged Friday and stopped short of signalling another hike, pushing the yen to a fresh 34-year low against the dollar.The BoJ has been a global outlier in sticking to an ultra-loose policy while other central banks pushed rates up as they fought against surging inflation -- causing a wide differential that saw investors push into other currencies.
Source: yahoo.com
Bank of America not bullish on Asian currencies, cites 'chaotic era'
The Bank of America is not bullish no any currency in Asia, leading the investment bank to deem the start of a "chaotic era" for these currencies.
Source: cnbc.com
Japan's finance minister says 'speculative' moves in currency market impacting yen
Japanese Finance Minister warned against speculative currency market moves not reflecting economic fundamentals, repeating concerns over excessive yen declines.
Source: cnbc.com