TAIPEI (Reuters) – Taiwan’s exports in December likely dropped from a year earlier for the fourth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and COVID-19 controls in China, according to a Reuters poll. Taiwan, a global hub for chip production and a key supplier to …
Taiwan exports seen declining for fourth straight month in December: Reuters Poll Read More »
By Laila Kearney NEW YORK (Reuters) -Oil fell by more than $4 a barrel on Wednesday, with Brent suffering its biggest percentage loss in the first two trading days of the year since 1991, as demand concerns linked to the global economy and rising COVID-19 cases in China crushed crude prices. Brent futures settled at …
Oil falls by more than 5% on global economy worry, China COVID cases Read More »
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar held at lower levels on Wednesday after minutes from the Federal Reserve’s December meeting offered no surprises or new information about the size of its expected rate hike in February. The Fed hiked rates by 50 basis points last month and Fed officials agreed a …
Dollar holds losses as Fed minutes fail to surprise Read More »
By David Randall NEW YORK (Reuters) – Tesla Inc’s steep sell-off is proving to be an ongoing nightmare for fund managers that have bet heavily on the Elon Musk-led electric vehicle manufacturer. Overall, 50 actively-managed U.S. equity funds have more than 5% of their assets in the company, exceeding the barrier that many portfolio managers …
With big bets on Musk, these funds may have a Tesla problem in ’23 Read More »
(Reuters) – Japanese automaker Nissan Motor Co and French automaker Renault SA have agreed to restrict the use of the intellectual property they developed together in a new company established by Renault, according to a report by Nikkei on Wednesday. The sharing of technology had emerged as a sticking point between Renault and Nissan Motor …
Nissan, Renault agree to limit use of IP in new venture – Nikkei Read More »
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar. Brent futures for March delivery fell $3.81, or 4.4%, to $82.10 a barrel, the largest daily decline in more than three months. U.S. crude …
Oil dives 4%, trade choppy on worries about China, global economy Read More »
By Jibran Ahmad and Mubasher Bukhari PESHAWAR/LAHORE, Pakistan (Reuters) – Markets in major Pakistani cities on Wednesday spurned a new government directive to shut early under an energy conservation drive, in a blow to the cash-strapped country’s plans to curtail energy imports amidst an economic crisis. Tuesday’s directive ordered all malls markets and restaurants to …
Pakistani markets refuse to close early under government energy saving plan Read More »
By Lawrence White LONDON/NEW YORK (Reuters) -Shares rose and bonds rallied worldwide on Wednesday as investors tiptoed into the new year with tentative optimism after a brutal 2022, looking to encouraging inflation data for hope that rate hikes might be less aggressive than feared. The MSCI All-World index jumped 1.08%, helped by a 1.1% gain …
Stocks, bonds extend rally on hopes rate hikes ease Read More »
By David French and Shariq Khan (Reuters) -A unit of Tokyo Gas Co Ltd is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for about $4.6 billion, including debt, people familiar with the matter said on Tuesday. If consummated, the deal would be the latest …
Exclusive-Tokyo Gas unit nears $4.6 billion deal to buy U.S. natgas producer -sources Read More »
(Reuters) -Moderna Inc on Wednesday agreed to buy Japan-based OriCiro Genomics for $85 million to boost the U.S. drugmaker’s messenger RNA (mRNA) manufacturing capabilities. The Japanese company is working on the development and commercialization of cell-free synthesis and amplification of a type of DNA molecule for use in mRNA manufacturing. OriCiro’s technologies will support Moderna’s …
Moderna snaps up Japan’s OriCiro Genomics in mRNA manufacturing push Read More »
