By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell to over three-week lows on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products. Brent crude futures fell $2.23, or 2.7%, to $79.94 a …
Oil falls about 3% as strong U.S. jobs data prompt interest rate concerns Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar jumped on Friday after data showed that U.S. employers added significantly more jobs in January than economists expected, potentially giving the Federal Reserve more leeway to keep hiking interest rates. The Labor Department’s closely watched employment report showed that nonfarm payrolls surged by 517,000 jobs last …
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely returned to growth in the last quarter of 2022 as the country reopened to tourists, offsetting weakening corporate activity and exports amid darkening global conditions, a Reuters poll showed. Signs of stronger momentum heading into 2023 could influence major companies and workers in Japan as they …
Japan’s Q4 economic growth likely rebounded on tourism reopening Read More »
By Daniel Wiessner (Reuters) – A U.S. labor board has cleared the way for 86 technicians at Nissan Motor Co’s Smyrna, Tennessee plant to vote on whether to join a union, rejecting the automaker’s claim that the unit should include thousands of production workers. The Democrat-controlled National Labor Relations Board (NLRB) in a ruling on …
Nissan to face union vote at Tennessee plant after labor ruling Read More »
By Scott Murdoch and Yantoultra Ngui SYDNEY/SINGAPORE (Reuters) -Malaysia’s Petronas is finalising its first acquisition of an Australian renewable energy business, set to pick up German firm Wirsol’s solar farms and a large development pipeline, two people involved in the transaction said. One person involved in the talks said the sale price could be between …
Petronas set to buy Wirsol Australian renewable energy assets -sources Read More »
SHANGHAI (Reuters) – China’s move this week to streamline stock market listing rules is unlikely to result in a flood of initial public offerings, bankers say, citing the prospect of state intervention on national security and other grounds that would result in delays. Beijing published draft rules on Wednesday to broaden its fledgling registration-based IPO …
China’s latest IPO reform unlikely to flood markets with new issuance, bankers say Read More »
BEIJING (Reuters) – Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing’s zero-COVID protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry. During the first six days of work after China’s Lunar New Year holiday, job …
China hotel, catering job openings surge on post-COVID demand recovery – survey Read More »
By Sarita Chaganti Singh, Aditya Kalra and Shivam Patel NEW DELHI (Reuters) – Financial contagion fears spread in India on Friday as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of …
Adani crisis ignites Indian contagion fears, credit warnings Read More »
By Ben Klayman and Stephen Nellis DETROIT/SAN FRANCISCO (Reuters) – Ford Motor Co’s disappointing quarterly results underscored that disruptions caused by the global semiconductor shortage are still bedeviling automakers, but some are suffering more than others. Ford said on Thursday it left billions of dollars on the table that were within its control and blamed …
Ford’s pain underscores uneven impact of two-year auto chip shortage Read More »
BEIJING (Reuters) – Tesla Inc sold 66,051 China-made electric vehicles in January, data published by the China Passenger Car Association showed on Friday. That was up 18% from December, when the U.S. electric car maker sold 55,796 China-made vehicles, and 10% higher versus January last year. Tesla’s Shanghai plant in December cut output by about …
Tesla sales of China-made electric vehicles up 18% in January Read More »
