By Marco Aquino LIMA (Reuters) -The Peruvian unit of Italy’s biggest power utility, Enel, said on Friday that state-owned China Southern Power Grid is carrying out “due diligence” on the local unit for a possible purchase offer on its energy distribution operations. Bloomberg reported earlier on Friday that the Chinese firm is weighing a possible …
Enel Peru says state-run Chinese power firm eying possible purchase Read More »
By Joseph White and Paul Lienert DETROIT (Reuters) – Elon Musk will confront a critical challenge during Tesla’s Investor Day on March 1: Convincing investors that even though rivals are catching up, the electric-vehicle pioneer can make another leap forward to widen its lead. Tesla Inc was the No. 1 EV maker worldwide in 2022, …
Elon Musk’s challenge: Stay ahead of the competition Read More »
By Laura Matthews NEW YORK (Reuters) – The dollar held a seven-week peak on Friday, as another round of data showing still-high inflation reinforced expectations that interest rates could stay higher for longer. Hotter-than-expected data has helped the greenback to strengthen against many of its major peers this week, sending the dollar index up 0.6% …
U.S. dollar holds seven-week high after strong inflation data Read More »
BERLIN (Reuters) -Russia is in talks with a Chinese manufacturer about buying 100 drones, with a delivery date of April, German magazine Der Spiegel reported on Thursday, without citing specific sources. In recent days, the United States, Germany and other Western countries have warned China not to sell weapons to Russia for its war against …
Chinese company discusses selling drones to Russia -Der Spiegel Read More »
By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Friday he hoped to meet the government’s nominee for next central bank governor, Kazuo Ueda, as soon as he takes up his post to confirm the need for close coordination on economic policy. “As soon as the nomination is approved by parliament and …
Japan’s Kishida: Hope to meet new BOJ chief to confirm policy coordination Read More »
By Eric Onstad and Sam Tobin LONDON (Reuters) -Indian businessman Prateek Gupta plans to challenge a $625 million global freezing order on him and his firms imposed by a London court, his spokesperson said on Friday. Commodity trader Trafigura, which sought the order, said on Feb. 9 that it had booked a $577 million charge …
Businessman Gupta to challenge freezing order in Trafigura fraud case Read More »
By Carolina Mandl, Davide Barbuscia and Tom Westbrook NEW YORK/SINGAPORE (Reuters) – Many large money managers are steering clear of Chinese assets, missing out on the nation’s post-COVID stock market rally in the latest example of strategic concerns trumping juicy returns. Hong Kong’s Hang Seng has rallied 50% in the three months to the end …
Analysis-Investors wary of Chinese assets as political risk ramps up Read More »
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan has to unwillingly accept the strict conditions of a deal with the International Monetary Fund (IMF) to provide a lifeline for an economy in turmoil, Prime Minister Shehbaz Sharif said on Friday. Sharif was speaking to top security officials at his office in Islamabad in a meeting that was …
Pakistan will unwillingly accept strict conditions of IMF deal – PM Sharif Read More »
LONDON (Reuters) – Meetings being held in India will see top officials from the Group of 20 leading economies discuss how to help the growing number of countries now in the grip of debt crises. The United Nations estimates that over 50 countries, accounting for more than half of the world’s poorest people, are in …
Factbox-The countries in the grip of debt crises Read More »
By Arpan Chaturvedi NEW DELHI (Reuters) – An Indian tribunal on Friday put on hold insolvency proceedings against Zee Entertainment Enterprises, a major relief for the Indian media company that warned the legal battle could delay its merger with a local unit of Japan’s Sony. The bankruptcy proceedings were initiated after IndusInd Bank Ltd filed …
India tribunal puts Zee insolvency on hold after warning of Sony merger delay Read More »
