SHANGHAI (Reuters) – Leading Chinese electric car manufacturer BYD Co has adjusted its product prices starting from Jan. 1, citing the impact of reduced subsidies for new energy vehicles since November last year. Official guidance prices will rise by between 2,000 yuan ($290) and 6,000 yuan for its various models, the company said on its…
By Jonathan Stempel NEW YORK (Reuters) – JPMorgan Chase & Co and Deutsche Bank AG asked a U.S. judge to dismiss lawsuits by women who accused Jeffrey Epstein of sexual abuse, and said the banks enabled and ignored red flags about the late financier’s sex trafficking. The banks in papers filed on Friday night in…
(Reuters) -Sweden-based Volvo Car AB said on Saturday it had taken 100% ownership of its autonomous driving (AD) software development subsidiary Zenseact. Volvo Cars acquired 13.5% of shares in Zenseact from ECARX, which made the AD software company a fully owned subsidiary of the Swedish automaker. Zenseact will continue to remain and operate as a…
(Reuters) – Sweden-based Volvo Car AB said on Saturday it has taken 100% ownership of its autonomous driving software development subsidiary, Zenseact. (Reporting by Baranjot Kaur in Bengaluru; Editing by Alison Williams)
TAIPEI (Reuters) – Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsidies for electricity prices, President Tsai Ing-wen said on Saturday. While the export-dependent economy grew 6.45% in 2021, the fastest rate since it expanded…
(Reuters) -The Bank of Japan (BOJ) is considering raising its inflation forecasts in January to show price growth close to its 2% target in fiscal 2023 and 2024, Nikkei reported on Saturday. The BOJ jolted markets this month by widening its 10-year yield cap range, a move officially aimed at straightening out bond market distortions…
BEIJING (Reuters) -China’s factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as COVID infections swept through production lines across the country after Beijing’s abrupt reversal of anti-virus measures. The official purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, the National Bureau…
BEIJING (Reuters) – China’s factory activity contracted for the third straight month in December and at a sharper pace, official data showed on Saturday, weighed down by the spread of COVID infections through production lines following Beijing’s abrupt easing of anti-virus measures. The official purchasing managers’ index (PMI) stood at 47.0 against a 48.0 reading…
By Dietrich Knauth (Reuters) – Binance’s $1 billion acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a U.S. national security review, according to a Friday bankruptcy court filing. The crypto exchange’s U.S.-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes $20 million in…
(Reuters) – FTX on Friday disputed the Securities Commission of the Bahamas’ claims that the regulator was holding $3.5 billion of the bankrupt cryptocurrency exchange’s assets. When the digital assets of FTX were transferred to the regulator in November, their value was just $296 million, FTX said in a statement. (Reporting by Niket Nishant in…
