By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Equity markets rose and the dollar slid on Monday as investors embraced hopes the U.S. economy is slowing enough to allow the Federal Reserve to ease the pace of its interest rate hikes and the idea that China may ease COVID restrictions. Markets looked past data …
Stocks rally, dollar slips on wide risk-on sentiment Read More »
LONDON (Reuters) – The Green Investment Group (GIG), owned by Macquarie Asset Management, will launch a new platform to develop battery storage capacity across the world, it said on Monday. The platform, called Eku Energy, will have 190 megawatt hours of flexible storage capacity under construction on completion of the launch and a further pipeline …
Green Investment Group to launch battery storage platform Read More »
By Hannah Lang WASHINGTON (Reuters) – Euro and sterling rose against the safe-haven dollar on Monday, supported by a risk-on sentiment across markets as investors digested positive euro zone data and looked to cash in on the strength of the U.S. currency. A survey showed on Monday that investor morale in the euro zone improved …
Euro, sterling bounce, dollar drops as investors cash in Read More »
FRANKFURT (Reuters) – Mercedes-Benz Chief Executive Ola Källenius on Monday spoke out against distancing oneself from China, saying it was “absolutely inconceivable” to write off the country. The comments came days after German Chancellor Olaf Scholz led a delegation of business leaders to China, urging German companies to diversify should the relationship between the two …
Mercedes CEO: ‘absolutely inconceivable’ to write off China Read More »
By Norihiko Shirouzu BEIJING (Reuters) – China’s Farizon, a new-energy truck maker owned by automaker Geely, aims step up expansion beyond its home base with a light cargo van planned for Europe as early as 2024, the truck producer’s chief executive said. Farizon’s Fan Xianjun told Reuters in an interview the first step in a …
China’s Geely truck unit Farizon targets Europe with electric cargo van Read More »
By Kantaro Komiya and Makiko Yamazaki TOKYO (Reuters) -Private equity fund Japan Industrial Partners has submitted a bid to buy Toshiba Corp for around $15 billion that lacks key commitments from banks, the Nikkei newspaper said on Monday, raising questions about whether the offer can succeed. JIP’s proposal, which includes more than ten investors such …
Buyout fund JIP submits $15 billion Toshiba bid without bank backing, Nikkei says Read More »
By Ben Blanchard and Jaiveer Shekhawat TAIPEI (Reuters) – Apple Inc expects lower shipments of premium iPhone 14 models than previously anticipated following a significant production cut at a virus-blighted plant in China, dampening its sales outlook for the busy year-end holiday season. Demand for high-end smartphones assembled at Foxconn’s Zhengzhou plant has helped Apple …
Apple warns of lower iPhone shipments as COVID curbs hobble China plant Read More »
(Reuters) -Twitter Inc’s new CEO Elon Musk said on Sunday the social media platform’s mission was to become the most accurate source of information about the world, sparking debate about how it would achieve that and who determines what is accurate. A flurry of drastic measures including sacking half the staff and charging users that …
Musk lays out Twitter mission, sparks debate on content accuracy Read More »
SINGAPORE (Reuters) -Privately-owned Chinese refiner Zhejiang Petroleum & Chemical Co (ZPC) has signed a purchase deal with Saudi Arabian state oil producer Saudi Aramco for 1.08 million tonnes (7.88 million barrels) of crude oil, government-backed Chinese newspaper Zhoushan Daily reported on Monday. The 5.3 billion yuan ($735 million) deal was sealed at the 5th China …
China’s ZPC signs oil purchase deal with Saudi Aramco, paper reports Read More »
TAIPEI (Reuters) – A British minister will visit Taiwan this week for trade talks and meet President Tsai Ing-wen, his office said on Monday, drawing an angry reaction from Beijing to the latest high-level engagement between a Western government and the island. China views democratically-governed Taiwan as its own territory and strongly objects to any …
British minister to meet Taiwan president, drawing China’s anger Read More »
