By Arathy Somasekhar HOUSTON (Reuters) -Oil edged to its lowest since the start of the year in volatile trading, after U.S. government data showed an unexpectedly large build in fuel stocks, feeding fears about demand in a market already spooked by an uncertain economy. Brent futures for February delivery fell $1.20 to $78.15 a barrel, …
Oil drops, hits lowest since January as U.S. data fans fuel demand fears Read More »
By Nick Carey CREWE, England (Reuters) – Volkswagen’s Bentley expects a slight drop in production in 2023 as shutdowns in China have slowed orders, the British luxury carmaker’s chief executive said on Wednesday. While its customers are still placing orders, they were not doing so during lockdowns in major cities such as Beijing and Shanghai …
Bentley China orders slowed by shutdowns, has no IPO plans Read More »
By Michele Gershberg (Reuters) -For much of the world, 2022 marked the beginning of the end of the COVID-19 pandemic. The shift was palpable after several failed re-opening attempts in many countries. The arrival of the Omicron variant in late 2021, with its ability to re-infect people and the record spike in COVID cases that …
BANGKOK (Reuters) – Tesla Inc launched two electric vehicle (EV) models in Thailand on Wednesday, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers. The launch of two EVs with prices ranging between 1.7 million baht to 2.5 million baht (($48,447 to $71,205) comes as Thailand makes …
Tesla launches EVs in Thailand amid competition from cheaper brands Read More »
By Leika Kihara TOKYO (Reuters) -It is premature for the Bank of Japan to tweak its ultra-loose monetary policy, board member Toyoaki Nakamura said on Wednesday, stressing the need to maintain its massive stimulus to underpin a fragile economy. While prolonged ultra-low interest rates were weighing on profits for financial institutions, the benefits of the …
BOJ’s Nakamura says it is premature to tweak ultra-easy policy Read More »
BEIJING (Reuters) – China’s foreign exchange reserves rose more than expected in November, central bank data showed on Wednesday, as the dollar weakened against other major currencies. The country’s foreign exchange reserves – the world’s largest – rose $65.1 billion to $3.117 trillion last month, compared with $3.10 trillion tipped by a Reuters poll of …
China FX reserves rise more than expected to $3.117 trln in Nov Read More »
A look at the day ahead in European and global markets from Anshuman Daga While European shares ended lower for the third straight session on Tuesday, spooked by recession worries, another hat-trick dominated the World Cup a few hours later. Three goals by Portugal’s 21-year-old Goncalo Ramos against Switzerland in his first World Cup sent …
TAIPEI (Reuters) – Taiwan’s exports fell in November for the third straight month and more rapidly than forecast due to the worsening state of the global economy, and with the outlook again clouded by inflation and interest rate rises around the world. Exports dropped 13.1% last month from a year earlier to $36.13 billion, the …
By Susanna Twidale and Simon Jessop LONDON (Reuters) – The World Bank and partners including Singapore on Wednesday launched a global tracking system to clean up the opaque market for carbon credits and help developing countries raise much-needed climate finance quickly and more cheaply. Carbon credits – generated through activities such as planting forests or …
World Bank, partners launch tracking system to clean up carbon markets Read More »
By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) – Thailand’s economy remains firmly on the path to recovery despite global uncertainty, and further interest rate hikes will be gradual to ensure that recovery continues, the finance minister said on Wednesday. Southeast Asia’s second-largest economy is stable, with relatively low interest rates, sufficient liquidity and strong …
Thai economy firmly on recovery path despite risks – Finance Minister Read More »
