By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people. The euro had lost ground sharply against …
Currency trading in a spin after Polish explosion Read More »
By Herbert Lash NEW YORK (Reuters) – Stocks pared gains and the dollar rebounded against the euro after media reports that Russian missiles killed two people in Poland, a strike that raised fears the nine-month Ukraine war could escalate. The Dow Industrials straddled break-even and the dollar also see-sawed to trade little changed as firefighters …
Global stocks pare gains as geopolitical tensions rattle markets Read More »
By Stephanie Kelly NEW YORK (Reuters) – Oil prices rose on Tuesday and settled higher after news that oil supply to Hungary via the Druzhba oil pipeline has been temporarily suspended due to a fall in pressure. Brent crude futures rose 72 cents to settle at $93.86 a barrel, while U.S. West Texas Intermediate crude …
Oil prices settle higher on Druzhba oil pipeline disruption Read More »
(Reuters) -YouTube said on Tuesday it is bringing shopping features to its TikTok-like short-form video service, as the Alphabet-owned company looks to fortify its revenue against a drop in spending by recession-wary advertisers. The feature, being tested with eligible creators in the United States, will allow them to tag products from their own stores. “Viewers …
YouTube expands shopping features to combat digital ad slowdown Read More »
By Nell Mackenzie (Reuters) – Cederberg Capital, a hedge fund invested in Chinese stocks, has lowered investor fees after its returns continue to suffer by China’s reluctance to loosen its COVID policies. Hedge fund manager Dawid Krige told investors in a letter seen by Reuters he would drop fees by 25 basis points “given the …
China stocks hedge fund Cederberg trims fees on poor performance -letter Read More »
By Nick Carey and Paul Lienert (Reuters) – U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs). Today’s EVs run on lithium ion batteries — mostly made …
EV battery makers race to develop cheaper cell materials, skirting China Read More »
PARIS (Reuters) – Oil major Shell and state-owned Chinese energy company CGN on Tuesday said that they would drop their plan for a floating wind power project on France’s Brittany coast, citing inflation and supply chain problems among other reasons. “The project faced several technical, commercial and financial challenges, all in a context of constantly …
Shell, Chinese partner to drop off-shore wind farm project in France Read More »
TOKYO (Reuters) – Digital payments processor Opn, a rare Japanese unicorn, or startup worth more than $1 billion, said on Tuesday it had acquired MerchantE from U.S. investment firm Integrum Holdings, making inroads into the U.S. online payment sector. Opn, whose investors include Toyota Motor Corp’s financial services unit, did not disclose the size of …
Japan unicorn Opn buys MerchantE to enter U.S. online payment sector Read More »
TOKYO (Reuters) – Private equity firm Bain Capital will acquire Mash Holdings for about 200 billion yen ($1.44 billion), a spokesperson for the Japanese apparel maker said. The Tokyo-based company will use Bain’s expertise to expand in overseas markets and is aiming on going public in the next three to five years, the spokesperson said. …
Bain will buy Japanese apparel maker Mash Holdings for $1.44 billion Read More »
By David Kirton and Josh Ye SHENZHEN, China/HONG KONG (Reuters) – Chinese tech giant Tencent Holdings has begun a new round of job cuts targeted at its video streaming, gaming and cloud units, four sources close to the matter said. The sources said the layoffs affect three out of Tencent’s six business units – platform …
China’s Tencent starts new round of layoffs -sources Read More »
