By Akash Sriram (Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China’s BYD. Tesla delivered 484,507 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed …
Tesla delivers record Q4 cars, but China’s BYD steals top EV spot Read More »
By Michal Aleksandrowicz and Dagmarah Mackos (Reuters) -French IT company Atos said on Wednesday Airbus had made an indicative offer of 1.5 billion to 1.8 billion euros ($1.64 billion-$1.97 billion) for Atos’ big data & security (BDS) unit, briefly sending its shares up more than 10%. Atos said it would open due diligence talks with …
Atos says Airbus offers 1.5-1.8 billion euros for BDS unit Read More »
PARIS (Reuters) -Airbus airplane deliveries reached a number in the mid-730s in 2023, beating a target of 720, industry sources said on Tuesday. Airbus declined to comment ahead of a full-year announcement of commercial aircraft data on Jan. 11. The figure suggests Airbus delivered over 50 planes in just over 10 days after Reuters reported on Dec. …
Airbus 2023 deliveries reached mid-730s, beating target of 720 -sources Read More »
By Aditya Soni and Medha Singh (Reuters) -Apple on Tuesday fell nearly 3% to a seven-week low after Barclays downgraded the shares of the world’s most valuable firm on concerns demand for its devices from the iPhone to Mac will remain weak in 2024. Barclays is the second brokerage to have the equivalent of a …
Apple hits seven-week low after Barclays downgrade Read More »
By Zaheer Kachwala (Reuters) -Rivian Automotive missed market estimates for fourth-quarter deliveries as tough competition and high interest rates weighed on demand for its electric vehicles, sending the company’s shares down nearly 10% on Tuesday. The company handed over 13,972 vehicles in the last three months of 2023, 10% lower than the previous quarter, and …
EV maker Rivian’s quarterly deliveries miss expectations, shares tank Read More »
By Shubham Batra and Khushi Singh (Reuters) -London stocks started the year on a sombre note, weighed down by losses in the financial sector and as UK government bond yields climbed to two-weeks high. The blue-chip FTSE 100 fell 0.2% on Tuesday, after hitting an over seven-month high earlier in the session, while the mid-cap …
British equities slip on higher yields, financials drag Read More »
By Ankika Biswas and Shashwat Chauhan (Reuters) -Europe’s benchmark stock index capped off the first trading day of the New Year lower with technology stocks amongst top decliners on Tuesday, as traders bid adieu to an upbeat 2023 that was fuelled by expectations of nearing interest rate cuts. The pan-European STOXX 600 index ended 0.2% …
European shares kick off 2024 on dour note; tech stocks lead declines Read More »
By Nell Mackenzie LONDON (Reuters) – D.E. Shaw’s largest hedge fund posted a nearly 10% return in 2023 after fees, after a mixed performance across multi strategy and macroeconomic hedge funds navigating choppy global markets, a source familiar with the matter said on Monday. The numbers, an estimated result for the year through Dec. 31, …
D.E. Shaw’s biggest hedge fund up about 10% in 2023 – source Read More »
LONDON (Reuters) – Prices charged by British store chains rose at the joint slowest pace in a year and a half in December, an industry group said on Tuesday. The British Retail Consortium said annual shop price inflation held at 4.3%, the same as in the 12 months to November and its weakest since June …
UK shop price inflation holds at lowest since June 2022 – BRC Read More »
(Reuters) -China on Tuesday urged the Netherlands to “respect market principles” a day after chip machine maker ASML said the Dutch government had revoked an export licence covering the shipment of some of its equipment to China. The Veldhoven, Netherlands-based company said on Monday that the shipments affected included certain lithography systems. “A licence for …
Beijing criticises Netherlands’ move to block ASML exports to China Read More »
