Global EV registrations fell 3% in January as the introduction of a purchase tax and lower EV subsidies in China and policy changes in the U.S. hindered sales, data by consultancy Benchmark Mineral Intelligence (BMI) showed on Friday.
The U.S. dollar slipped slightly lower Thursday, remaining under pressure and on track for a weekly drop, even after a stronger-than-expected U.S. jobs report.
il prices were largely steady in Asian trade on Friday but were set for a weekly decline after tumbling nearly 3% in the previous session, as forecasts of a sizeable supply surplus and rising inventories weighed on sentiment.
Trump administration officials signed a final reciprocal trade agreement that confirmed a 15% U.S. tariff rate for imports from Taiwan, while committing Taiwan to a schedule for eliminating or lowering tariffs on nearly all U.S. goods.
Asian shares retreated from record highs on Friday as worries about shrinking margins in the tech sector hit the likes of Apple, driving investors into safe-haven bonds ahead of key U.S. inflation data.
China's car sales in January fell at the fastest pace in nearly two years as competition steepens in the cutthroat market where automakers are grappling with fading government subsidies, softening demand and tighter regulations.