MEXICO CITY (Reuters) – Japanese automaker Nissan Motor Co said on Wednesday it will invest more than $700 million in Mexico during the next three years to boost its operations in the country. The investment is set to improve the facilities, equipment and automation procedures in Nissan’s facility located in the state of Aguascalientes, the …
Nissan says it will invest more than $700 million in Mexico Read More »
TASHKENT (Reuters) – Uzbekistan will allow companies to mine cryptocurrencies using solar energy and will exempt all crypto operations by domestic and foreign companies from income tax, according to a presidential decree published this week. The Tashkent government wants miners to power their farms by installing their own solar panels. Alternatively, mining companies can be …
Uzbekistan legalises solar-powered crypto mining Read More »
BERLIN (Reuters) – Germany’s cartel office said on Wednesday it had classified Meta Platforms Inc as a “company with outstanding cross-market importance for competition”, meaning Facebook-owner will face new rules in the country. Under legislation introduced by German lawmakers in early 2021, the state regulator can ban practices at such companies that are deemed to …
Facebook-owner Meta to face tougher rules in Germany after cartel office decision Read More »
By Sonali Paul MELBOURNE (Reuters) – Fortescue Metals Group hopes to make a final investment decision in 2023 on a green hydrogen project in Australia that would be its first to generate revenue, Chief Executive Elizabeth Gaines said on Wednesday. The Gibson Island project in the northeastern state of Queensland is one of many tentative …
Australia’s Fortescue targets 2023 go-ahead for first green hydrogen project Read More »
By Anshuman Daga SINGAPORE (Reuters) -HSBC and Ping An executives plan to meet in mid-May to discuss the Chinese insurer’s proposal that the bank should explore its options, including spinning off its Asian business, a source familiar with the matter said on Wednesday. Ping An, London-headquartered HSBC’s biggest shareholder, called last week on the bank …
Exclusive-HSBC and Ping An execs plan to discuss breakup proposal – source Read More »
By Xie Yu HONG KONG (Reuters) – Hong Hao, a managing director and head of research at Bank of Communications International Holdings Co (BoCom International), has left the brokerage, a spokesperson for the firm told Reuters on Wednesday. The departure of the Hong Kong-based Hong, one of the most prominent and outspoken China market analysts, …
China analyst leaves state-owned brokerage after bearish commentaries Read More »
COPENHAGEN (Reuters) -Shipping group Maersk made its last cargo shipment to a Russian port this week and took impairment losses and writedowns of $718 because of Russia’s invasion of Ukraine, the Danish firm said on Wednesday. Maersk, which has decided to withdraw completely from Russia, carried out its last cargo operation in a Russian port …
By Josh Smith SEOUL (Reuters) -North Korea’s isolated economy will not be insulated from global economic headwinds caused by the Ukraine war and the COVID-19 lockdowns in China, analysts said, with recently resumed border trade taking a hit and inflation exacerbating food shortages. Strict international sanctions ban or restrict wide categories of North Korean imports …
Global problems may exacerbate shortages in N.Korea’s isolated economy Read More »
By Herbert Lash and Danilo Masoni NEW YORK/MILAN (Reuters) -A gauge of global equity markets edged higher on Tuesday while 10-year U.S. Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation. Feeding inflation worries, …
Stocks rise, U.S. yields slip as markets await Fed rate hike Read More »
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar slipped against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve’s expected move to hike rates this week and beyond was already priced in. The dollar index hit a 20-year high last week on expectations the U.S. central bank …
Dollar dips before Fed, Aussie gains after rate hike Read More »
