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Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
The EU and Mercosur are set to finalize a contentious free trade agreement after over 20 years of negotiations, with a political announcement expected in Montevideo. However, the deal faces significant hurdles in Europe, particularly from France and other member states concerned about agricultural imports and environmental standards. Supporters argue it is crucial for diversifying trade and accessing South American markets.
After over 25 years of negotiations, the EU and Mercosur states are nearing a free trade agreement, with EU Commission President Ursula von der Leyen reportedly in Uruguay to finalize discussions. The deal could create a market of 700 million people, but faces opposition from some EU members concerned about its implications for stability and unity. Key concessions include significant tariff reductions on agricultural products, with the gradual elimination of 91% of customs duties on EU exports and 92% on Mercosur imports.
BYD has launched its Sealion 07 EV in Norway, marking the company's seventh model available in the country. Priced at NOK 469,900 ($42,150), the Sealion 07 is the first to utilize BYD's latest e-Platform 3.0 Evo, following its recent debut in Germany.
BYD's new extended range electric vehicle, the Shark, has made a significant impact in Australia, selling over 2,000 units within 24 hours of its launch. Priced under AUD$60,000, it features all-wheel drive, a 30-kWh battery, and a braked towing capacity of 2,500 kg, positioning it as a competitive alternative to traditional utes. With the Australian market's demand for utes and favorable tax breaks, the Shark is set to challenge legacy brands and reshape the landscape of electric vehicles in the region.
Toyota is facing criticism for its slow transition to battery electric vehicles (BEVs) and its opposition to California's electrification plans, which threatens its market position. With only one BEV model, the bZ4X, the company risks losing ground to competitors like BYD, which is rapidly expanding its electric vehicle lineup and sales globally. As BYD gains traction in developing markets, Toyota must pivot towards affordable electric cars to avoid an existential crisis.
BYD has launched the Shark hybrid pickup in Brazil and the Song Pro plug-in hybrid SUV in Paraguay, marking significant steps in its expansion in South America. The Shark features a powerful 437 horsepower engine and advanced safety technology, while the Song Pro offers impressive electric range and fuel efficiency, catering to the growing demand for electrified vehicles in the region.
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Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
EU and Mercosur poised to finalize contentious trade agreement amid opposition
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ESP
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ITA
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Ursula von der Leyen
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10:46 06.12.2024
EU and Mercosur Near Historic Free Trade Agreement After 25 Years of Talks
United States Dollar
Euro
Raiffeisen Bank International AG
ARG
BRA
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PRY
Bernd Lange
Ursula von der Leyen
Gabriel Mato
Anna Cavazzini
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09:00 02.12.2024
BYD launches Sealion 07 electric vehicle in Norway expanding European offerings
21:16 29.11.2024
BYD Shark ute disrupts Australian market with impressive sales and features
05:57 21.11.2024
Toyota's reluctance to embrace electric vehicles threatens its market position
05:50 12.11.2024
BYD expands presence in South America with Shark and Song Pro launches
03:43 30.10.2024
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