By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to rein in inflation. The ECB had for …
Stocks gain for fifth straight session, euro advances after ECB rate hike Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices fell more than $3 a barrel on Thursday on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia’s gas flows to Europe eased supply restraints. Brent crude futures settled …
Oil slumps $3/bbl on gasoline stockpiles, rate hikes and resuming supply Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The euro rose against the U.S. dollar in a choppy session on Thursday, after the European Central Bank (ECB) delivered a 50 basis points rate hike to tame inflation in its first rate increase since 2011. The ECB raised its benchmark deposit rate to 0%, breaking its …
Euro strengthens after ECB hikes faster than flagged Read More »
BEIJING (Reuters) -China’s search engine giant Baidu Inc on Thursday unveiled its new autonomous vehicle (AV) with a detachable steering wheel, with plans to put it to use for its robotaxi service in China next year. Cost per unit will drop to 250,000 yuan ($37,031.55) for the new model, compared with 480,000 yuan for the …
Baidu unveils autonomous vehicle without steering wheel Read More »
By Lizbeth Diaz MEXICO CITY (Reuters) -Mexico has questioned the use of cultural elements from the Mayan indigenous community by Chinese fast fashion company Shein in the design of one of its garments, prompting the retailer to remove the product from its website. The Culture Ministry said some details of Shein’s “Fan-Trim Top with Floral …
Mexico concerned by Chinese retailer Shein’s use of a Mayan design Read More »
By Alexandra Alper WASHINGTON (Reuters) – The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that U.S. cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said. Authorities are concerned Huawei …
Exclusive-U.S. probes China’s Huawei over equipment near missile silos Read More »
SEOUL (Reuters) – South Korean electric vehicle (EV) battery maker SK On has been in talks with global private equity firms to raise about 4 trillion won ($3.1 billion) in a pre-initial public offering (IPO) funding, a newspaper said on Thursday. SK On, South Korean energy group SK Innovation Co Ltd’s battery unit, has been …
S.Korean EV battery maker SK On seeks $3.1 billion in pre-IPO funding – newspaper Read More »
JAKARTA (Reuters) – Alphabet Inc’s Google has signed up to Indonesia’s new licensing rules for technology platforms, an official from the communications ministry said on Thursday, a day after a deadline passed to comply with the regulatory overhaul. Semuel Abrijani Pangerapan said that some companies were yet to register, including Amazon, Alibaba, Yahoo and Bing, …
Google signs up to Indonesia’s new licensing rules as deadline lapses Read More »
BEIJING (Reuters) – China has approved a coal mine project worth 3.1 billion yuan ($458 million) in the country’s Inner Mongolia region, the National Energy Administration (NEA) said on Thursday. The project has annual production capacity of 4 million tonnes a year, with phase one at 1.2 million tonnes and phase two at 2.8 million …
China approves $458 million coal project in Inner Mongolia region Read More »
SHANGHAI (Reuters) – China’s national social security fund said on Thursday it has invested in a state-backed advanced manufacturing fund to promote innovation and help China climb up the global value chain. Funding was completed on Wednesday for the second phase of the advanced manufacturing fund, which invests in sectors including new energy vehicles, intelligent …
National social security fund aids China’s manufacturing upgrade Read More »
