German carmakers see retirement deficits shrink as rates rise.
One would think carmakers would be out of vogue. They’re struggling with calls to reduce emissions, trying to get consumers to buy electric vehicles, and trying to source critical inputs . But these difficulties haven’t put PSG off taking a closer look at two German behemoths, Volkswagen and BMW.
“In the current environment, consumer discretionary [stocks] are not a great place to be,” Vaughan Henkel, head of equity research at PSG Wealth, tells the FM. “But we think there are some nice opportunities in European vehicle manufacturers — mainly VW and BMW.”..
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why pregnant drivers fined for driving aloneWhy pregnant drivers fined for driving alone Pregnant women in Texas vowed to go to court after being pulled over and handed a penalty for driving solo, said fetus must be counted
Read more »
Ethiopia: Why Factory Jobs for Ethiopian Women Haven't Translated Into Greater Participation in PoliticsAnalysis - Until the war in Tigray started in November 2020, Ethiopia was a favoured investment destination. It had experienced strong economic growth for the previous decade.
Read more »
Why This Italian Tourist Hotspot Is Cracking Down On The BikiniAn Italian mayor has banned tourists from traipsing through the streets and along the beaches in revealing swimming costumes.
Read more »
Why world's first malaria shot won't reach millions of children who need itAfter decades of work, the World Health Organization endorsed the first-ever malaria vaccine last year - a historic milestone that promised to drive back a disease that kills a child every minute.
Read more »