By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose over 1% on Monday after China’s reopened borders boosted the outlook for fuel demand and overshadowed global recession concerns. The rally was part of a wider boost for risk sentiment supported by both the reopening of the world’s biggest crude importer and hopes for less-aggressive increases …
Oil rises over 1% on demand optimism as China reopens borders Read More »
SHANGHAI (Reuters) -Prospective Tesla Inc buyers in China are waiting longer for certain versions of its Model Y car, suggesting the electric-vehicle maker’s decision to cut prices is stoking demand in its second-largest market. The waiting time for orders of the rear-wheel-drive and long-range versions of Model Y was a week longer on Monday than …
Tesla delivery time is longer on some China models after discounts Read More »
GENEVA (Reuters) – The Islamic Development Bank has pledged $4.2 billion over the next three years to Pakistan as aid for its climate rebuilding effort, the bank’s president said on Monday. “I am pleased to announce that the Islamic Development Bank group, as part of contributing to the achievement of Pakistan’s climate resilience and development …
Islamic Development Bank pledges $4.2 billion for Pakistan’s climate rebuilding efforts Read More »
By Andy Home LONDON (Reuters) – Lead has just joined the commodity A-list, bringing a new set of players to a market that has been trying to rebalance supply and demand for two years. Although commanding a weighting of just 0.936%, lower than any other industrial metal, lead is included in the Bloomberg Commodity Index …
Column-New fund friends will find lead in unusually lively mood: Andy Home Read More »
(Reuters) -Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul. Hong Kong-listed shares of Ma’s Alibaba jumped 7%. Shares of Longshine Technology Group Co Ltd, Jilin Zhengyuan, Shanghai Golden Bridge …
Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps Read More »
MADRID (Reuters) – Chinese social media company TikTok must remember to respect European Union rules, including transparency requirements regarding its algorithms, Commissioner for the Internal Market Thierry Breton said on Monday. “I’ll remind TikTok’s president to respect the integrality of our rules, which are very protective of our citizens, and the obligations they’ll have, including …
EU Commissioner says he will remind TikTok CEO to respect EU rules Read More »
JAKARTA (Reuters) – Thousands of Indonesian workers plan to hold protests across the country on Saturday against an emergency regulation signed by President Joko Widodo to replace a controversial jobs law, the Labour Party chairman said on Monday. Workers will urge parliament to reject the regulation because its contents hurt labour rights, said Said Iqbal. …
Indonesia workers plan protests over emergency regulation on jobs law Read More »
SINGAPORE (Reuters) – Tesla has begun offering discounts to electric vehicle buyers in Singapore who agree to purchase existing inventory of the Model 3 or Model Y, a company sales representative said on Monday. Tesla is offering a discount of $5,000 for electric vehicle purchasers who trade in an existing internal combustion vehicle and another …
Tesla offers discount in Singapore on EVs in inventory Read More »
By Muyu Xu SINGAPORE (Reuters) – The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output. The lifting of the unofficial ban on Australian coal imports, which were halted in 2020 in a fit of …
China boosts coal output, eases Australia ban to bolster energy security Read More »
JAKARTA (Reuters) – Indonesia’s finance minister on Monday told the nation’s top bankers to be wary of risks to their balance sheets this year due to numerous global risks, including potential debt crises in some countries. In a seminar with bankers, Sri Mulyani Indrawati said risks in 2023 included high inflation, rising interest rates, geopolitical …
Indonesia Finance Minister tells bankers to be wary of global risks Read More »
