By Aditi Shah and Jamie Freed NEW DELHI (Reuters) – Indian conglomerate Tata Group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier that will strengthen its presence in domestic and international skies. Autos-to-steel conglomerate Tata will hold 74.9% of the combined entity, while SIA …
By Karen Brettell NEW YORK (Reuters) – The greenback edged lower against the Japanese yen on Tuesday with Federal Reserve chairman Jerome Powell due to speak on Wednesday, while the Aussie dollar jumped as sentiment improved on hopes that China would reopen from COVID shutdowns. Powell’s comments will be evaluated for any new signs of …
By Laila Kearney NEW YORK (Reuters) -Oil rose on Tuesday on expectations for a loosening of China’s strict COVID-19 controls, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited gains. Brent crude futures settled at $83.03 a barrel, losing 16 cents, or 0.2%. U.S. West Texas Intermediate (WTI) crude futures …
Oil up on China COVID hopes, but OPEC+ output concerns offset gains Read More »
By Deisy Buitrago and Marianna Parraga CARACAS (Reuters) -Venezuela will soon sign new contracts to boost oil joint ventures between state firm PDVSA and private energy companies, the country’s oil minister Tareck El Aissami said on Tuesday, a move that will benefit Chevron Corp. The U.S. Treasury Department on Saturday authorized the no. 2 U.S. …
Venezuela to sign new contracts to boost oil output at joint ventures Read More »
By Akash Sriram (Reuters) – Apple Inc’s iPhone 14 Pro and Pro Max model shipments could miss market expectations by up to 20 million units in the holiday quarter due to labor unrest at a major Chinese factory, TF Securities analyst Ming-Chi Kuo said. Kuo is the latest to flag a hit to the world’s …
Apple’s iPhone Pro shipments may fall 20 million units short of estimates – analyst Read More »
By Maki Shiraki, Gilles Guillaume and Norihiko Shirouzu TOKYO/PARIS/BEIJING (Reuters) – Renault and Nissan have readied plans to announce a potential deal on a restructured alliance as early as next month in London with the two automakers still negotiating terms, three people with knowledge of the talks told Reuters. Renault’s Chairman Jean-Dominique Senard said on …
Renault, Nissan clear calendar for potential Dec deal -sources Read More »
By Heekyong Yang and Ju-min Park SEOUL (Reuters) -South Korea ordered about 2,500 striking truckers in the cement industry to return to work on Tuesday, an unprecedented step that invokes tough strike-busting laws as construction sites run out of building materials nationwide. The second strike in less than six months over minimum pay is causing …
South Korea orders striking truckers in cement industry back to jobs Read More »
BEIJING (Reuters) – China is willing to forge a closer partnership with Russia on energy issues to ensure global energy security, President Xi Jinping said on Tuesday, as the G7 grouping of nations prepares to impose new measures on Russia’s oil exports. State broadcaster CCTV reported Xi’s comments, made in a message to the Fourth …
China’s Xi looks to strengthen energy ties with Russia Read More »
By Xie Yu and Jason Xue HONG KONG/SHANGHAI (Reuters) -Chinese property developers’ shares and bonds soared on Tuesday after regulators lifted a ban on equity refinancing for listed firms, the latest support measure for a cash-squeezed sector that has been a key pillar of the world’s No. 2 economy. The move will make it easier …
China property stocks surge on fundraising support; COVID protests cloud demand Read More »
By Khanh Vu and Phuong Nguyen HANOI (Reuters) – Vietnam’s smartphone production and exports fell in November in the run up to Christmas sales season, according to official data, a new sign the country’s largest manufacturer, Samsung Electronics, is adapting to dwindling global demand. The South Korean electronics giant has for years produced about half …
Vietnam smartphone exports fall ahead of Christmas as Samsung cuts output Read More »
