SHANGHAI (Reuters) – Tesla cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a wider price war amid weaker demand in the world’s largest autos market. The U.S. automaker also cut prices on its best-selling Model Y and Model 3 electric vehicles in Japan, South Korea …
Tesla slashes prices in China, other Asian markets as sales stumble Read More »
By Koh Gui Qing NEW YORK (Reuters) -Wall Street sparked a global rally in stocks on Friday after a crucial U.S. jobs report showed wage growth slowed in December, fuelling investor bets that inflation is easing and that the Federal Reserve need not be as aggressive as some feared. Friday’s data showed the U.S. economy …
World stocks soar, investors pare rate bets after US jobs data Read More »
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Friday after U.S. jobs data showed a strong, but not blockbuster employment picture in December, while a separate report showed that U.S. services industry activity contracted for the first time in more than 2-1/2 years that month. Employers added 223,000 jobs in December, more …
Dollar tumbles after U.S. jobs report, service sector contraction Read More »
By Scott DiSavino NEW YORK (Reuters) -Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns. Brent futures fell 12 cents, or 0.2%, to settle at $78.57 a …
Oil settles flat, with weekly decline on recession worries Read More »
By Andrea Shalal and David Brunnstrom WASHINGTON (Reuters) -The United States and Japan on Friday launched a new task force to promote human rights and international labor standards in supply chains and said they would invite other governments to join the initiative. Tai signed a memorandum on the initiative in Washington with Japan’s Minister of …
U.S., Japan launch task force on rights and labor standards in supply chains Read More »
By Josh Ye HONG KONG (Reuters) – NetEase Inc said on Friday it had acquired Canadian gaming studio SkyBox Labs, best known for co-developing hits including Halo Infinite and Minecraft, as China’s second largest video games firm steps up a global expansion effort. The Hangzhou-based company did not disclose the size of the deal. Founded …
China’s NetEase buys Halo co-developer SkyBox Labs in global expansion drive Read More »
LONDON (Reuters) – Chinese companies and state-owned enterprises are increasingly turning to green and sustainable bond markets to finance China’s national climate strategy, but the bonds often fall short of international standards, according to ratings agency Fitch. Chinese firms raised $186 billion through domestic green bonds in the first three quarters of 2022, a 20% …
China’s boom in sustainable bonds lacks rigour, warns Fitch Read More »
(Reuters) – Tesla cut electric car prices in China and other Asian markets on Friday, part of efforts to stoke demand for output from its Shanghai plant, a person with direct knowledge of the plan said. Following are details of the price cuts: CHINA Tesla slashed prices for all versions of its Model 3 and …
Factbox-Details of Tesla price cuts in China, other Asian markets Read More »
By Xinghui Kok SINGAPORE (Reuters) -Crypto exchange Huobi plans to lay off about 20% of its staff, Tron founder Justin Sun told Reuters. Sun, a Chinese cryptocurrency entrepreneur who is also a member of Huobi’s global advisory board, said in a text message to Reuters that the “structural adjustment” has not started and is expected …
Crypto exchange Huobi to lay off 20% of staff – Justin Sun Read More »
SEOUL (Reuters) – The prices of some Tesla models in South Korea were cut on Friday, a local Tesla sales official said on Friday. The price of the electric car manufacturer’s basic Model 3 rear-wheel drive vehicle was listed as 64.34 million won ($50,637.10) on the company’s website on Friday. Its Model Y Long Range …
Prices of some Tesla models cut in South Korea -official Read More »
