(Reuters) – China said on Wednesday it would allow COVID patients with mild symptoms to isolate at home as part of a set of new measures that marked a major shift in a tough anti-virus policy that has battered its economy and sparked historic protests. The relaxation of rules, which also include dropping a requirement …
By Francesco Guarascio HANOI (Reuters) – The Group of Seven (G7) industrialised nations has made a new $15 billion offer to Vietnam to agree during a summit next week on funding to speed up its transition away from coal, three people familiar with the talks told Reuters. Vietnam, which is among the world’s top 20 …
G7 makes new $15 billion offer to Vietnam to cut coal use -sources Read More »
By Georgina Lee HONG KONG (Reuters) – The battered bonds of Chinese property developers are showing tentative signs of a rebound after Beijing’s measures to support the cash-strapped sector, but long-term investors are keeping away until they see signs of a deeper recovery. High-yield dollar-denominated bonds of companies such as Powerlong Real Estate Holdings and …
China’s property sector support fails to lure bond investors Read More »
TOKYO (Reuters) -Honda Motor Co said on Wednesday it would begin selling micro-sized commercial electric vans in spring 2024, as part of its effort to electrify its vehicle lineups. Japanese automakers are turning to small commercial trucks as one way to make battery electric vehicles (BEVs) popular in the country, tapping into car size unique …
Honda to begin selling mini-commercial electric vans in spring 2024 Read More »
By Alexandra Alper WASHINGTON (Reuters) -U.S. senators scaled back a proposal that placed new curbs on the use of Chinese-made chips by the U.S. government and its contractors, according to a final version of the measure published Tuesday, amid pushback from trade groups like the U.S. Chamber of Commerce. The move, first reported by Reuters …
U.S. lawmakers ease planned curbs on Chinese chips amid corporate pushback Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was up slightly against the euro and yen on Tuesday as U.S. stocks sold off, while investors were trying to position for next week’s expected interest rate hike from the U.S. Federal Reserve. The dollar’s activity was also more muted after it rose sharply in …
Dollar inches higher after previous day’s jump; investors look to Fed next week Read More »
By Shariq Khan NEW YORK (Reuters) -U.S. oil prices fell in frenzied trading on Tuesday to their lowest settlement levels this year, with Brent finishing below $80 per barrel for the second time in 2022, as investors fled the volatile market in an uncertain economy. Brent crude futures fell $3.33, or 4%, to settle at …
Oil prices slump to pre-Ukraine crisis levels on economic jitters Read More »
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -Global stocks headed for a third straight day of losses and the dollar rose on Tuesday as the market weighed how long the Federal Reserve would keep interest rates high and “restrictive” to the U.S. economy. Stocks on Wall Street fell, will all sectors in the …
Stocks slide, dollar gains as market gauges Fed’s rate policy Read More »
By David Lawder and Timothy Gardner WASHINGTON (Reuters) – When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia’s war machine, while avoiding a devastating oil price spike. But keeping Russian oil on the market and …
Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor Read More »
By David Shepardson WASHINGTON (Reuters) – The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China’s Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor. In June, a U.S. law took effect banning …
UAW calls on automakers to move supply chain out of Xinjiang region Read More »
