BERLIN, Aug 20 (Reuters) - Volkswagen is due to receive a lower tariff of 21.3% on its Cupra Tavascan, produced by the SEAT brand in China, under planned duties by the European Commission on China-made cars, a source close to the matter said on Tuesday. The agreement is an early compromise by Brussels on tariffs which have been strongly opposed...

05:58 AM EDT, 08/20/2024 (MT Newswires) -- XPeng ( XPEV ) reported a Q2 non-GAAP net loss Tuesday of 1.29 Chinese renminbi ($0.18) per diluted American depositary share, narrowing from a loss of 3.10 renminbi per ADS a year earlier. Analysts polled by Capital IQ expected a loss of 1.32 renminbi. Revenue for the quarter ended June 30 was 8.11...

By Aditya Kalra NEW DELHI (Reuters) -India's antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters on Tuesday. In the biggest setback so far to their planned merger, the Competition Commission of India (CCI) has...

05:53 AM EDT, 08/20/2024 (MT Newswires) -- Commerzbank in its European Sunrise note of Tuesday highlighted: Markets: United States Treasuries (UST) consolidate into New York close as stocks push higher, with the curve steepening further in Asia. Asian stocks are mostly higher, except for China. The euro (EUR= consolidates around $1.108. Brent falls to $77/barrel. US: Vice President Kamala Harris...