By John McCrank and Amanda Cooper NEW YORK (Reuters) -The dollar edged lower on Thursday against the euro as investors weighed the outlook for U.S. Federal Reserve policy against the chances that higher interest rates could lead to a recession. The Fed, the European Central Bank and the Bank of England are all set to …
Dollar eases against euro as investors weigh rates outlook Read More »
By Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan’s foreign exchange reserves held by the central bank fell $784 million to $6.7 billion as of Dec. 2, the central bank said in a statement on Thursday, as the country struggles to meet external financing needs. The drop means the nuclear-armed nation’s reserves have fallen further from November’s …
Pakistan FX reserves held by central bank fall to $6.7 billion Read More »
BERLIN (Reuters) – Chinese electric vehicle maker Nio will install swapping stations, where drivers can switch their car battery for a fully-charged one, at 20 charging parks in Germany owned by utility EnBW, the utility provider said on Thursday. Nio launched in Germany in October on a leasing model, with users leasing cars with a …
Nio to install 20 battery-swapping stations in EnBW charging parks Read More »
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea ordered truckers in the steel and petrochemical industries to end their strike on Thursday, widening a back-to-work decree beyond the cement industry after nationwide industrial unrest has disrupted supply chains. As the government increases pressure, the truckers’ union said it would vote whether to end …
South Korea issues second back-to-work order, striking truckers to vote Read More »
(Updates the company description in the fourth-to-last paragraph) By Summer Zhen HONG KONG (Reuters) – With traditional equity and bond portfolios underwhelming investors this year and China’s market returns letting them down, Asia’s most active seed-fund providers are ploughing money instead into hedge funds with strategies not correlated to major macro trends. That means hedge …
Asia’s hedge fund seeders go for ‘uncorrelated’ strategies Read More »
By Jeslyn Lerh SINGAPORE (Reuters) – Residual fuel oil stocks at key trading hub Singapore rose for a second consecutive week as weekly net imports continued to firm, official data showed on Thursday. Onshore fuel oil stocks added 2% to 20.31 million barrels (3.20 million tonnes) during the week ended Dec. 7, rising to a …
Singapore fuel oil stocks rise for second straight week Read More »
By Yantoultra Ngui SINGAPORE (Reuters) – Vietnamese education firm Nguyen Hoang Group has paused the sale of a minority stake that could potentially value its business at around $1 billion as bids came short of its expectations, two sources with knowledge of the matter told Reuters. The Ho Chi Minh City-based group hired JPMorgan earlier …
TOKYO (Reuters) – Honda Motor Co said on Thursday that Chinese battery giant CATL would supply batteries for seven years for its electric vehicles (EV) in China. The Japanese automaker said the Chinese firm would provide 123 GWh worth of batteries starting in 2024 through 2030 for the Honda’s e:N Series. The announcement is part …
China’s CATL to provide EV batteries for Honda starting in 2024 Read More »
TOKYO (Reuters) -SoftBank Group Corp CEO Masayoshi Son’s stake in the company has risen to 34% – a key threshold level that gives him more control. Son now owns 34.2% of the tech investment giant, up from 32.2% as of the end of September, the company said, declining further comment. A shareholder in a Japanese …
SoftBank Group CEO Son’s stake rises to more than a third Read More »
(Reuters) – Pakistan is seeking $4.2 billion from Saudi Arabia as its foreign exchange reserves have fallen sharply, broadcaster ARY News reported on Thursday citing sources. Pakistan’s Finance Ministry did not immediately respond to a Reuters request for comment. (Reporting by Shivam Patel in New Delhi)
