Tag: MACH08
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U.S. battery sourcing guidelines to cut some EV tax credits — official
WASHINGTON, March 29 (Reuters) – The long-awaited guidance from the US Treasury Department regarding battery procurement requirements for electric vehicle tax credits expected by Friday will result in fewer vehicles receiving full or partial credits, a US official told Reuters. In December, the Treasury Department decided not to release its proposed battery procurement guidelines until […]
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US and Japan sign trade deal on battery minerals for electric vehicles
WASHINGTON, March 28 (Reuters) – The United States and Japan on Tuesday announced a trade deal on battery minerals for electric vehicles that is essential to strengthening their battery supply chains and giving Japanese automakers wider access to a new $7,500 US EV tax credit. The swiftly negotiated agreement prohibits the two countries from imposing […]
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Wall St falls on bank stocks tumble, jobs report jitters
Investors are looking forward to Friday’s jobs report Bank shares plummet after SVB announces share sale General Electric rises after repeated forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indices closed lower on Thursday, with banking stocks the biggest drag, while investors also worried Friday’s […]
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Exclusive: Dutch respond to US China policy with plan to curb semiconductor technology exports
AMSTERDAM/WASHINGTON March 8 (Reuters) – The Dutch government on Wednesday announced it was planning new restrictions on exports of semiconductor technology to protect national security, joining the United States’ efforts to limit chip exports to China. curb. The U.S. imposed sweeping export restrictions on shipments of U.S. chip-making tools to China in October, but for […]
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Japan’s new rocket fails after an engine problem, a blow to space ambitions
Destruction signal sent to missile 14 minutes into flight Japan’s space agency is still hoping for a competing rocket Rocket to eventually supply the planned US space station on the moon TOKYO, March 7 (Reuters) – Japan’s new medium-lift rocket failed on its debut flight into space on Tuesday after the launcher’s second stage engine […]
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Japan destroys new rocket in space after second stage engine failure
TOKYO, March 7 (Reuters) – Japan said it had destroyed a new medium-lift rocket launched into space on Tuesday after the vehicle’s second stage engine failed to ignite, in a blow to its efforts to open access to expand into space and remain competitive in a launch market rocked by Elon Musk’s SpaceX. The 57-meter […]
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SoftBank’s Arm aims to raise at least $8 billion in US IPO, sources say
NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to look to raise at least $8 billion from what is expected to be a blockbuster in the US stock market be this year, people familiar with the case said Sunday. Arm is expected […]
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Nissan raises global EV targets; to increase localization in the US
TOKYO, Feb. 27 (Reuters) – Nissan Motor Co Ltd (7201.T) on Monday raised its sales targets for electrified cars, saying it will increase powertrain production in the United States as it appears to be catching up in a segment dominated by newer automakers such as Tesla Inc (TSLA.O). The Japanese automaker pioneered electric vehicles (EVs) […]
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Taiwan says the ‘Fab 4’ chip group held the first meeting of senior officials
TAIPEI, Feb. 25 (Reuters) – The US-led “Fab 4” semiconductor alliance of Taiwan, the United States, Japan and South Korea held its first video meeting of senior officials focused on supply chain resilience last week, Taiwan’s ministry said of Foreign Affairs on Saturday. The United States convened the first meeting of the working group, colloquially […]
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US mortgage rates rise to highest level since November – MBA
Feb 22 (Reuters) – The average interest rate on the most popular US home loan rose to its highest level since November last week as bond markets feared the Federal Reserve would have to continue to tighten policy until the summer to contain inflation, data of the mortgage interest deduction. The Bankers Association (MBA) showed […]