By David Shepardson, Arsheeya Bajwa, Akash Sriram WASHINGTON (Reuters) -Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the pickup truck. The recall covers just over 46,000 vehicles built from November …
Tesla recalls most Cybertrucks due to trim detaching from vehicle Read More »
By Amy Lv and Lewis Jackson BEIJING (Reuters) – Major copper smelters across top consumer China have kicked off equipment maintenance in March, traditionally a peak demand period, in a bid to stem losses from a worsening feedstock shortage that is hammering margins, industry insiders said. Shutting down plants in what is traditionally one of …
Switching off plants: Chinese copper smelters grapple with margin collapse Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Post-Fed rally fades, global caution mounts U.S. markets struggled for clear direction on Thursday, as investors cooled some of their optimism around Federal Reserve Chair Jerome Powell’s view that the economy is in good shape and tariff-related price rises will be transitory. Wall Street’s bullish momentum …
By Ed White REGINA, Saskatchewan (Reuters) – Canadian farmers are facing a two-front trade war, with China’s tariffs on Canadian canola oil, canola meal and peas taking effect on Thursday and U.S. tariffs expected on additional Canadian products within two weeks. The double whammy from two major trading partners makes for a grim mood going …
Canadian farmers face two-front trade war as China duties take effect Read More »
By Howard Schneider, Mark John and Karin Strohecker WASHINGTON/LONDON (Reuters) – Slowing economic growth mixed with a bout of renewed inflation risks moving the U.S. from global overachiever to a drag on the rest of the world as foreign central banks and others confront the spillovers from President Donald Trump’s fast-moving effort to rewire international …
Trump trade upheaval leaves foreign central banks guessing Read More »
By Sophie Yu and Casey Hall BEIJING (Reuters) -Vivian Wang bought a gold medallion decorated with a carved dragon from Laopu Gold nearly a decade ago, but forgot about the brand until last year when it appeared all over her social media feeds. Swiping through post after post about Laopu Gold, the sales and marketing …
China’s ‘Hermes of gold’ shines despite lacklustre demand for high-end goods Read More »
By Deborah Mary Sophia and Casey Hall (Reuters) – PDD Holdings, which operates e-commerce platforms Pinduoduo and Temu, missed market estimates for quarterly revenue on Thursday, as demand remained weak in China despite deep discounts and government stimulus to boost spending. While government stimulus measures and deep price cuts from retailers have drawn some shoppers, …
Temu-owner PDD Holdings’ revenues hit by intense China competition and challenges abroad Read More »
BEIJING (Reuters) – China’s imports from Russia rose 10% on the year in January-February to 12.65 million metric tons, data from the General Administration of Customs showed on Thursday, despite persistent rail bottlenecks and Western sanctions. Sanctions are pushing up the costs of mining in Russia by reducing investment and equipment upgrades and increasing personnel …
China’s coal imports from Russia rise 10% in Jan-Feb Read More »
By Yadarisa Shabong and Alun John (Reuters) – Big developed market central banks are turning cautious after a series of interest rate cuts and as uncertainty in global economics and politics grows. Of five central banks that met this week, only Switzerland’s cut rates, though traders see further easing in the United States and Britain, …
BEIJING (Reuters) – Chinese steelmaker HBIS group signed a Memorandum of Understanding (MoU) with iron ore mining giant Vale to promote decarbonisation in the steel value chain, both companies said on Thursday. Both parties will jointly identify optimal burden solutions for low-carbon transition and exploring the feasibility of using the Tecnored furnace to treat solid waste …
China’s HBIS collaborates with Vale to advance steel decarbonisation Read More »
