By John McCrank and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged higher against the euro on Friday after U.S. producer inflation data for November came in slightly hotter than expected, bolstering the case for continued interest rate hikes by the Federal Reserve even if at a slower pace. U.S. producer prices (PPI) rose …
Dollar edges up against euro after U.S. inflation data Read More »
By Emma Farge and Philip Blenkinsop GENEVA (Reuters) -The World Trade Organization ruled on Friday that U.S. tariffs imposed on steel and aluminium imports by then President Donald Trump contravened global trading rules in a judgment immediately criticised by Washington. In one of the most high-profile and potentially explosive cases to come to the WTO, …
Trump metal tariffs ruled in breach of global rules by WTO Read More »
GENEVA (Reuters) – China urged the United States to respect a World Trade Organization ruling on Friday which found that Trump-era U.S. tariffs imposed on steel and aluminium imports contravened global trading rules. “China hopes the U.S. respect the panel’s ruling and the WTO rules, correct its wrongful conducts as soon as possible, and work …
China urges U.S. to respect WTO panel ruling – statement Read More »
(Reuters) – Britain’s competition watchdog is concerned Japan’s Hitachi acquisition of France’s Thales railway signalling business may result in higher fares for passengers, it said on Friday. As a result, Thales expects the sale to close in the second half of next year, compared to the previous plan to finalise the deal in early 2023. …
Thales-Hitachi rail signal deal delayed as UK raises competition concerns Read More »
(Reuters) – China’s Li Auto Inc on Friday forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost management. The electric vehicle maker saw net loss widen to 1.65 billion yuan ($237.55 million) compared with a net loss of 21.5 million yuan a …
China’s Li Auto sees higher deliveries in Q4; third-quarter loss widens Read More »
SHANGHAI (Reuters) – Tesla Inc will suspend Model Y assembly at its Shanghai plant between Dec. 25 and Jan. 1, according to an internal memo detailing the automaker’s latest production plan, reviewed by Reuters, and two people with knowledge of the matter. The suspension of assembly at the end of the month would be part …
Tesla to suspend Model Y output in Shanghai in last week of Dec-memo Read More »
SHANGHAI (Reuters) -China’s auto sales are likely to rise 3% to hit 27.6 million in 2023, the country’s top auto industry body said, expecting economic recovery to offset such negatives as rising COVID-19 infection. Of the total, sales of new-energy vehicles (NEVs) are likely to grow 35% to 9 million, Xu Haidong, deputy chief engineer …
China auto sales to hit 27.6 million in 2023, up 3% – industry body Read More »
By Anshuman Daga SINGAPORE (Reuters) -Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is considering selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings, two sources familiar with the matter told Reuters. PSA, the world’s second-biggest container terminal operator, whose global network encompasses 160 locations in …
Exclusive-Temasek’s PSA evaluates multi-billion dollar exit from Hutchison Ports-sources Read More »
MANILA (Reuters) – The Philippine central bank on Friday revised its current account projections for 2022 and 2023 to take into account the weaker global growth outlook, elevated inflation and the domestic economy’s pace of expansion. The central bank now expects a current account deficit of $20.5 billion, or 5.1% of gross domestic product (GDP), …
BENGALURU (Reuters) – The festive and wedding season in India helped boost the country’s total retail vehicles sales by 26% in November from a year ago, according to data from industry body Federation of Automobile Dealers Associations (FADA). Three-wheelers sales notched the biggest jump in November, FADA data showed, with sales surging 80%, followed by …
India’s retail vehicle sales jumps 26% in November – FADA Read More »
