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Investors are looking beyond US equities for the first time in a decade amid a weakening US dollar and likely easing of US monetary policy, moving capital into Asia as they chase the artificial intelligence boom in the region, according to the head of global research at Bank of America (BofA). Ahead of the three-day BofA Securities Asia Pacific Conference starting on Monday, Candace Browning said that US equities had been exceptional from the first half of 2020 to the end of 2024, attracting US$Read More

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Contemporary Amperex Technol­ogy (CATL) is betting on two specially designed battery packs to win over customers in Europe, as the world’s largest maker of power sources for electric vehicles (EVs) counts down to flicking the on switch at its plant in Hungary in December. The first pack is a long-life variant that is usable for up to 12 years, offering 758km (471 miles) of driving range, CATL said in a statement on Sunday. The second variant is a fast-charging lithium-ion phosphate (LFP) power pRead More

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MUNICH (Reuters) -Major automakers showcased their latest models at the Munich car show on Monday, unveiling new EVs and lower-cost models as Europe’s auto sector fights crises ranging from tariff hikes to rising costs and rivalry with Chinese firms on their home turf. With many auto companies concerned over Europe’s tough-to-meet carbon emissions targets for 2035, several firm said they would widen their production focus rather than restrict themselves to electric or other alternative-fuel vehicles. European automakers at the IAA Mobility show in Munich, running until Friday, also face sinking sales in China, the biggest single market for Volkswagen, BMW…

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