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- Reuters
Wolfspeed to announce new electric vehicle chip plant in Germany - sources
German chip supplier ZF and American chipmaker Wolfspeed Inc are expected to announce on Wednesday plans to build an electric vehicle (EV) chip plant in the Saarland region, according to three sources close to the matter. German Chancellor Olaf Scholz and Economy Minister Robert Habeck will attend the event, which has been advertised as a briefing on the future of the site on which the new chip factory will be built, a closed-down coal plant. A spokesperson for ZF declined to comment, and Wolfspeed was not immediately available for comment.
- Reuters
Russian rouble weakens ahead of three government bond auctions
The Russian rouble weakened on Wednesday, paring some of the gains made late in the previous session, amid the reduced supply of foreign currency by exporters and ahead of three government debt auctions. The rouble has now lost support from month-end taxes, when exporters usually convert foreign exchange revenue to pay local liabilities, but can count on modest foreign currency sales by the government, which is offloading up to 3.2 billion roubles ($45.58 million) worth of Chinese yuan per day. Amid lower foreign currency supply by exporters, the rouble may consolidate above the 70 mark to the dollar on Wednesday, Bogdan Zvarich, chief analyst at Banki.ru, said.
- Steelers Wire
New Steelers mock draft flips the team needs on its head
Big changes for the Steelers in this new seven-round mock draft.
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