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07:15
The Bank of Japan may raise interest rates to 1.5% by 2027, with a possible increase to 1% in July.
ChainCatcher news, according to Golden Ten Data, S&P Global Market Intelligence economist Harumi Taguchi stated that the Bank of Japan may raise the policy rate from the current 0.75% to 1% in July, and hike rates again in December and in 2027, bringing the policy rate to 1.5%. Taguchi pointed out that rising oil prices and a weakening yen may intensify inflation concerns, prompting the Bank of Japan to further increase rates.
07:08
Bank of America raises Dell Technologies' target price to $280
Glonghui, May 19|Bank of America has raised the target price of Dell Technologies from $246 to $280, maintaining a "Buy" rating. (Glonghui)
07:07
Tesla abandons plan to build factory in India
The Minister of Heavy Industries of India, Kumarawamy, has confirmed that Tesla has officially abandoned its plan to build a factory in India. Analysts point out that this decision is mainly driven by several factors. Firstly, there are significant shortcomings in India's domestic supply chain and industrial support systems. Secondly, Tesla and the Indian government have been mired in protracted negotiations, with no consensus on whether to lower tariffs before building the factory or to build the factory first and reduce tariffs later—this has been a major reason for Tesla's cancellation of the factory plan in India. In addition, India faces issues such as insufficient supporting infrastructure, a mismatch between the purchasing power of the automotive market and the positioning of Tesla’s high-end models, as well as numerous uncertainties and policy risks in the business environment.
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