By Supantha Mukherjee STOCKHOLM (Reuters) – Chinese social media company TikTok could face a ban in the European Union if it does not step up efforts to comply with EU legislation before September, the top official overseeing the EU’s internal market told the company’s CEO on Thursday. TikTok needs to bring its business in line …
Comply with EU rules or face ban, Breton tells TikTok CEO Read More »
By Paul Lienert and Joseph White DETROIT (Reuters) – Tesla Inc earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk is using that superior profitability as a weapon in the EV price war he started. Tesla, once one of the auto industry’s biggest money losers, …
Analysis-Tesla uses its profits as a weapon in an EV price war Read More »
PARIS (Reuters) – A deal between French carmaker Renault and Japanese partner Nissan could be announced as early as Feb. 1 as months of negotiations on how to reshape their alliance progress, a source familiar with the matter said on Thursday. The deal would see Renault cut its stake in Nissan to 15%, equalising the …
Nissan-Renault deal on alliance could come as early as Feb. 1 – source Read More »
By Brenda Goh DAVOS, Switzerland (Reuters) – Travel website operator Trip.com Group Ltd is working with airlines and airports to encourage recovery in China’s cross-border travel capacity and hopes levels will return to normal by the third quarter, its CEO Jane Sun said on Tuesday. Travel in and out of China dropped dramatically from 2019 …
Davos 2023: Trip.com hopes China overseas travel capacity back to normal by Q3 Read More »
TAIPEI (Reuters) – Taiwan’s central bank debated a larger interest rate hike at its last board meeting in December, with one board member saying the bank had been too optimistic about inflation forecasts, minutes of the meeting showed on Thursday. The central bank, at its quarterly meeting in December, raised its policy rate by 12.5 …
Taiwan central bank debated larger rate hike, minutes show Read More »
BENGALURU (Reuters) -India’s top paint maker Asian Paints Ltd reported a smaller-than-expected rise in third-quarter profit on Thursday, as an extended monsoon season dampened festive demand in October. The Mumbai-based company’s consolidated net profit rose 5.6% to 10.73 billion rupees ($131.90 million) in the three months ended Dec. 31. Analysts, on average, had expected a …
India’s Asian Paints Q3 profit misses view on monsoon-induced demand slowdown Read More »
By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its key policy rate by 25 basis points (bps) on Thursday, its sixth hike since August, and signalled that its tightening cycle was ending as inflation has cooled faster than expected. Bank Indonesia (BI) increased the 7-day reverse repurchase rate to 5.75%, as …
Indonesia central bank signals end of rate hike cycle as inflation cools Read More »
By Gaurav Dogra (Reuters) – Chinese companies are expected to report their highest earnings growth in five years, Refinitiv data shows, as economic reopening after COVID lockdowns and accommodative monetary policy raise hopes for higher profits. According to Refinitiv IBES data, China’s large and mid-cap companies’ profits are seen rising 16.2% in 2023, the fastest …
Chinese companies set for biggest earnings growth in 5 years in 2023-Refinitiv data Read More »
(Reuters) -Twitter Inc said on Wednesday it would price Twitter Blue subscription for Android at $11 per month – the same as for iOS subscribers – while offering a cheaper annual plan for web users when compared to monthly charges. The blue check mark – previously free for verified accounts of politicians, famous personalities, journalists …
Twitter prices Blue for Android at $11 per month; launches annual web plan Read More »
(Changes start of fiscal year to July from April in second paragraph of story published on Jan. 18) ISLAMABAD (Reuters) -The World Bank has delayed the approval of two loans for Pakistan worth $1.1 billion until the next fiscal year pending some steps on the country’s energy debt and tariffs, a finance ministry source told …
World bank delays approval of $1.1 billion loans for Pakistan – source Read More »
