NEW DELHI (Reuters) – Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders’ meeting on Monday. In 2021/22, Tata Motors sold 19,105 EVs, a growth of 353% from the previous fiscal year. Chandrasekaran also …
Tata Motors aims to sell 50,000 EVs in this fiscal yr Read More »
By Carolyn Cohn LONDON (Reuters) – World stocks rose in holiday-thinned trade on Monday, helped by a bounce in oil as concerns over tight supply outweighed recession fears. European stocks rallied 0.8% and Britain’s FTSE rose over 1%, boosted by gains in oil and gas companies. [.EU][.L] Oil dropped $1 a barrel earlier on Monday …
By Joice Alves LONDON (Reuters) – The euro and sterling rose on Monday against safe-haven currencies, supported by improved global risk sentiment in a quiet trading session due to a holiday in the United States. European stocks and Britain’s FTSE share index rallied on Monday, helped by gains in oil and gas companies. U.S. markets …
JAKARTA (Reuters) – China’s Silk Road Fund (SRF) has signed an agreement to invest up to 20 billion yuan ($2.99 billion) in Indonesia’s sovereign wealth fund, the funds said on Monday, a deal some analysts said could deter Western investors from the Indonesian fund. The agreement allows for investment in all sectors open to foreigners …
China agrees to invest $3 billion in Indonesia sovereign wealth fund Read More »
BANGKOK (Reuters) – Thailand’s hotels, businesses and private hospitals should refrain from offering big discounts to lure tourists and focus instead on raising the country’s value as a premium travel destination, government ministers said on Monday. Thailand has received about 2 million foreign visitors in the first six months of this year, a steady revival …
‘Sell premium’ – Thailand discourages discounts, wants high value tourists Read More »
By Xie Yu and Clare Jim HONG KONG (Reuters) -China Evergrande Group is reaching out to its offshore creditors for their support to fight a lawsuit in a Hong Kong court aimed at liquidating the embattled property developer, according to a person with direct knowledge of the matter. Evergrande, which is deemed to be in …
Evergrande canvassing creditors’ support against winding-up petition -source Read More »
By Jorgelina do Rosario LONDON (Reuters) – From a $360 million project to expand Zambia’s international airport in Lusaka to a $1.4 billion city port in Sri Lanka’s capital of Colombo, China is the missing piece in the puzzle of a number of debt talks under way in developing markets. The second-largest economy and the …
Analysis-China casts giant shadow over emerging nations’ chase for debt relief Read More »
HONG KONG (Reuters) – Singapore-based crypto lending and trading platform Vauld said on Monday it would suspend withdrawals and trading and seek new investors, the latest sign of stress in the embattled crypto industry. Vauld CEO Darshan Bathija said in a blog post that it was facing “financial challenges” due to: “the volatile market conditions, …
Singapore-based crypto lender Vauld suspends withdrawals Read More »
BANGKOK(Reuters) – Thailand will release June inflation data on Tuesday but at 0900 (0200 GMT), a time earlier than initially scheduled, the commerce ministry said on Monday. The ministry had earlier announced it had moved the date due to Thursday but has now reverted to Tuesday. Markets have been closely watching inflation data because it …
Thailand to release June inflation on Tuesday at 0200 GMT Read More »
LONDON (Reuters) -Norway and Sweden have joined the ranks of central banks opting for 50 basis-point interest rate rises, delivering their biggest policy tightening moves in two decades. June saw the U.S. Federal Reserve upping rates by 75 basis points and the Swiss National Bank surprise with a half-point hike. That means the Bank of …
Nordic central banks join the 50 bps rate hike club Read More »
