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Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap Bloomberg.comAsian stocks sink, bonds struggle as oil spike stokes rate risks ReutersAsia stocks fall as Trump tariffs rattle exporters; Japan, S.Korea tumble Investing.comShares skid in Asia in sell-off of AI-related shares as Brent oil trades near $100 per barrel Click2Houston
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Tehran slams Trump's threat to use frozen Iranian assets as ‘incendiary' Al JazeeraTrump considering a ‘massive attack' on Iran as Tehran labels UK ‘accomplice' to America CNBCUS to use frozen Iranian assets to fund war damages BBCTrump weighs broader Iran offensive as Iraq holds talks with Tehran Fox News
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Murdoch and Musk in the crosshairs at Venice film festival The GuardianA 4-hour Elon Musk documentary and a dark CIA comedy lead Venice Film Festival lineup AP NewsVenice Chief Alberto Barbera on Robert Pattinson, Lack of Studio Movies VarietyRobert Pattinson, Penélope Cruz, Alicia Vikander and Oasis Lead All-Star Venice Lineup The Hollywood ReporterVenice Film Festival 2026 Movies --
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Asian stocks sink, bonds struggle as oil spike stokes rate risks ReutersA dangerous new phase of war is breaking all the oil market's constraints CNNBrent Crude Oil Prices Top $100 as Conflict With Iran Drags On The New York TimesShortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil' CNBC
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Pentagon Pete Strips Fallen Heroes of Status as War Dead The Daily BeastNumber of U.S. Troop Deaths in Iran War Appears Lower on Pentagon Website The New York TimesLatest combat deaths show risk has shifted to troops far from Iran's borders The Washington PostPentagon identifies third American soldier killed in Iranian attack in Jordan Military Times
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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