Vietnam’s car sales surged by 24 per cent in October month-over-month. Local carmaker VinFast continued to dominate the market, setting their second sales record this year.
Prinx Chengshan Holdings Limited, through its subsidiary Prinx Tire (Malaysia) Sdn Bhd (PTM), will invest RM2.6 billion over 15 years to build a tyre manufacturing plant at Kedah Rubber City (KRC), becoming the industrial park's first anchor investor.
Goldman Sachs Group Inc president John Waldron said markets are primed for possible further declines and investors will be keeping close tabs on the upcoming key earnings report from technology leader Nvidia Corp.
Exports defied expectations for a second month running in October, jumping 15.7% on higher trade with Singapore, Hong Kong and the European Union, among others, and a jump in electrical and electronics (E&E) product exports. The trade surplus grew 58.9% to RM19.0 billion.
Governor Kazuo Ueda told Prime Minister Sanae Takaichi that the Bank of Japan (BOJ) is in the process of slowly dialling back its easing support for the economy, signalling his unshaken intention to carefully raise rates.
Initial applications for US jobless benefits totalled 232,000 in the week ended Oct 18, according to the Labor Department website showing historical data for claims.