China’s cancellation of tax relief on exports has left the aluminum industry scrambling to assess the impact on supply flows, with Chinese companies suffering steep stock declines while their international peers rally. Beijing unveiled an overhaul of its export rebate regime late on Friday, announcing plans to remove a 13% tax rebate on overseas sales of aluminum, copper.
Open FlipAustralia’s monetary policy effect is no more potent than those of other advanced economies, even though its households carry a large stock of variable-rate mortgage debt, a senior Reserve Bank official said. Assistant Governor Christopher Kent said Monday that the central estimates from RBA models of how much GDP and inflation decline in response to an unanticipated increase in policy rates.
Open FlipTesla Inc (NASDAQ:TSLA) shares rose over 5% in after-hours trading on Robinhood (NASDAQ:HOOD) Sunday evening following reports from Bloomberg that the upcoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation. The development is seen as a major boon for Tesla.
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