By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) – Global equity markets slid and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates will stay higher for longer as central banks fight to slow inflation amid relatively strong economic growth. Investors snapped up dollars to the detriment …
Stocks slide, dollar firm as further monetary tightening seen Read More »
By Steve Scherer and Fergal Smith OTTAWA/TORONTO (Reuters) – China’s rapid reopening is likely to fuel demand for commodities produced in abundance by Canada, potentially helping Canada’s economy avoid a recession as long as it does not also force up inflation and spur further interest-rate hikes. The Bank of Canada last month hiked its key …
China reopening is wild card for Canada sticking economic soft landing, analysts say Read More »
By Jeffrey Dastin (Reuters) -Google parent Alphabet Inc on Monday said it will launch a chatbot service and more artificial intelligence for its search engine as well as developers, a riposte to Microsoft Corp in their rivalry to lead a new wave of technology. The news follows the public’s rapid embrace of ChatGPT, a competing …
Google opens Bard chatbot to test users, plans more AI for search Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged higher in choppy trading on Monday as markets weighed a return in demand from China against supply concerns and fears of slower growth in major economies curbing consumption. Brent futures for April delivery rose $1.05, or 1.3%, to $80.99 a barrel, after trading between $79.10 and $81.25. …
Oil rises 1% in choppy trade on China demand hopes Read More »
HONG KONG (Reuters) – Hong Kong leader John Lee said on Monday the financial hub would support Saudi oil giant Aramco if it chose to list in the city. Hong Kong will be able to handle any of Aramco’s future funding arrangements and investment opportunities, John Lee said in a post on his official Facebook …
Hong Kong says it would support Aramco to list in the city Read More »
By Phuong Nguyen (Reuters) -Vietnamese electric vehicle maker VinFast is cutting its workforce in the United States, the company said on Monday, amid a restructuring in its major overseas market as the startup grapples with a stalled shipment of its first cars and prepares for a potential stock listing. The Vietnamese company, a subsidiary of …
EV startup Vinfast to cut U.S. jobs amid restructuring Read More »
By Gilles Guillaume and David Dolan LONDON/TOKYO (Reuters) – Renault SA has taken big steps to simplify its complicated alliance with Japan’s Nissan Motor Co, but still faces a tough road ahead to escape the conglomerate discount that has long dogged its shares. The retooled agreement, details of which were announced at a presentation in …
Analysis-Renault cuts Nissan stake, shedding conglomerate discount may be tougher Read More »
By Mohi Narayan BENGALURU (Reuters) – Bangladesh will buy 10-12 spot LNG cargoes between February and June if prices soften further, an energy adviser to the prime minister told Reuters on Monday, in a reversal of a government decision last year to halt spot purchases after prices spiked. “This is a high demand season for us. …
Bangladesh could buy 10-12 spot LNG cargoes in Feb-June Read More »
By Gilles Guillaume and Nick Carey LONDON (Reuters) – Japanese car maker Nissan will buy a stake of up to 15% in Renault’s electric vehicle (EV) unit Ampere, the pair said on Monday, in a reboot of a long and sometimes contentious alliance that will also create more common car platforms. The agreement, which came …
In alliance reboot, Nissan to buy up to 15% stake in Renault EV unit Read More »
By Bernadette Christina JAKARTA (Reuters) – Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday. Palm oil exporters had accumulated large shipment quotas last year and they now had …
Indonesia to suspend some palm oil export permits – officials Read More »
