Saturday, October 03
Nissan Motor Co.’s push to breathe new life into its lineup will see the debut of an updated version of the Leaf, the struggling brand’s compact family car that was the world’s first mass-market electric vehicle.The Leaf has sold almost 700,000 units since it was originally released in 2010, making Nissan an EV pioneer. But the Japanese carmaker struggled to maintain that early momentum, only introducing its second fully electric model — the Ariya SUV — in 2022 into a market crowded with high-tech offerings.Now, as Chief Executive Officer Ivan Espinosa undertakes an ambitious rescue plan to stem the carmaker’s rapidly deteriorating financial position, Nissan is betting a revamp of the Leaf will help it regain its edge. The company doesn’t need a savior to get back on its feet
Indian refiners are considering West African nations and other alternative energy sources to secure additional fuel supplies, should Iran attempt to block the Strait of Hormuz — a critical choke point for global oil and gas transit —as its conflict with Israel intensifies, said oil industry executives.Since the outbreak of the Iran-Israel hostilities on Friday, top oil ministry officials and industry executives are analysing various scenarios and evaluating all possible responses to potential supply disruptions and price spikes. About 40% of India’s total crude imports, and 54% of its liquefied natural gas (LNG) supplies, would be at risk if the conflict leads to a closure of the Strait of Hormuz, the narrow sea passage between Iran and Oman that carries nearly 30% of global oil trad
Gold could eat into the share of the US dollar in central bank forex holdings worldwide over the next five years, an annual World Gold Council (WGC) survey showed, underscoring a broad-based tilt toward safe-haven assets in a trading environment rocked by geopolitics and unpredictable trade tariffs. The yuan and the euro, too, might see share gains that reflect the shifting trade currents.“Nearly half of the central bank respondents intend to increase their own gold holdings in the coming year,” said Shaokai Fan, Global Head of Central Banks & Head of Asia-Pacific (ex-China). “This is remarkable, especially considering how many record-high prices we’ve hit so far in 2025.”Gold prices have continued to surge through this year, in part aided by institutional purchases, after a
US businesses and wealthy universities scored major wins in the Senate Republicans’ version of President Donald Trump’s tax bill, while low-income Americans and clean energy providers are poised to be hit the hardest.The Senate bill has already sparked backlash from various GOP factions and several provisions threaten the fragile coalition that squeaked the legislation through the House by a single vote last month. The legislation could still be altered before it heads to the Senate floor, where Trump can afford to lose no more than three Republicans. Here’s who’s winning and losing at this stage in the tax fight.WinnersManufacturers, BanksThe Senate would make permanent three business tax deductions that the House bill would sunset after 2029. The tax breaks include the ability to
Mumbai: Who wouldn't want a challenging, respectable, high-paying job as a money manager in the fast-growing mutual fund industry? That's what mutual fund chief executives and hiring managers assumed until they started looking for equity short-selling specialists-professionals who profit by betting on declines in stocks or indices. As mutual funds gear up to roll out niche investment strategies, many are discovering a glaring void: a shortage of seasoned short-sellers in India.The sudden demand for short-sellers among mutual funds stems from their new business initiative, known as specialised investment funds (SIFs), which allow these asset managers to launch targeted strategies like the long-short. That approach bets on both rising and falling stocks. While mutual funds specialise in 'lon
