Reuters | December 5, 2022
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – Global stocks and Treasury prices fell on Monday as new evidence of a strong U.S. economy raised fears that interest rates will stay higher for longer, eclipsing China’s easing of pandemic restrictions. U.S. services industry activity unexpectedly picked up in November, with employment rebounding, in […]
Reuters | December 2, 2022
By Nichola Groom (Reuters) -The United States will impose new duties on imports from some major Chinese solar panel makers after a months-long investigation found they were trying to dodge tariffs by finishing their products in Southeast Asian countries, trade officials said on Friday. The preliminary decision was bad news for U.S. solar project developers […]
Reuters | November 24, 2022
By Dominique Vidalon PARIS (Reuters) -Shares in Remy Cointreau fell as much as 4% on Thursday after the French spirits maker said it was “cautiously optimistic” about the Chinese market where COVID-19 continues to trigger lockdowns. The maker of Remy Martin cognac and Cointreau liqueur posted a stronger-than-expected 27% jump in first-half operating profit but […]
Reuters | November 12, 2022
SHANGHAI (Reuters) – Tesla has considered plans for exporting made-in-China electric vehicles to the United States and Canada, two people with knowledge of the planning told Reuters, a step that would connect its largest factory to North America, its largest market. Tesla has been evaluating whether Model 3 and Model Y electric vehicles made in […]
Reuters | November 2, 2022
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended a volatile session lower while Treasury yields were up Wednesday as the U.S. Federal Reserve delivered a three-quarters of a percentage point interest rate hike and Fed Chairman Jerome Powell said it was too soon to speculate over a pause in rate hikes. The dollar […]
Reuters | October 25, 2022
By Chris Prentice and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) -Wall Street continued its advance on Tuesday as weak data stoked hopes the Federal Reserve will slow its aggressive pace of interest rate hikes and European shares notched a second day of gains as better-than-expected earnings offset economic worries. Sterling rallied to a six-week high as Rishi […]
Reuters | October 12, 2022
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended a choppy session slightly lower on Wednesday after minutes from the last Federal Reserve meeting showed policymakers agreed they needed to maintain a more restrictive policy stance. The September meeting minutes also showed many Fed officials stressed the cost of not doing enough to bring […]
Reuters | October 11, 2022
MOSCOW (Reuters) – The Russian rouble slumped to a more than three-month low past 64 to the dollar on Tuesday, hurt by escalating geopolitical risks linked to the conflict in Ukraine and reduced supply of foreign currency among exporters. By 1409 GMT the rouble was down 2.1% against the dollar at 64.03, its weakest since […]
Reuters | October 3, 2022
By Akash Sriram and Savyata Mishra (Reuters) – Tesla Inc shares closed down 8.6% in their steepest single-day decline in four months on Monday after third-quarter vehicle deliveries fell short of Wall Street estimates due to logistic hurdles, with slowing outlook for economic growth raising doubts about demand. The tumble wiped out more than $71 […]
Reuters | October 3, 2022
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk showed off on Friday a prototype of its humanoid robot ‘Optimus’, predicting the electric vehicle maker would be able to produce millions and sell them for under $20,000 – less than a third of the price of a Model Y. Musk said he expected Tesla […]
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