BERLIN (Reuters) – German carmaker Volkswagen will axe many combustion engine models by the end of the decade and sell fewer cars overall to concentrate on producing more profitable premium vehicles, its finance chief was quoted as saying on Wednesday. “The key target is not growth,” Arno Antlitz told the Financial Times newspaper. “We are…
By Daniel Leussink TOKYO (Reuters) – Asian share markets slipped on Wednesday as investors faced up to the possibility of aggressive monetary tightening by the U.S. Federal Reserve to fight inflation, while focus was also on new Western sanctions against Russia over its invasion of Ukraine. U.S. Treasury yields hit multi-year highs and stock markets…
By Alun John HONG KONG (Reuters) – The dollar edged up to its highest in nearly two years on Wednesday after jumping overnight on more hawkish comments from a Federal Reserve official, while the euro was hurt by the prospect of new Western sanctions on Russia. The dollar index, which measures the greenback against six…
By Yuka Obayashi TOKYO (Reuters) -Oil futures were mixed on Wednesday, recovering from early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude stockpiles and Shanghai’s extended lockdown. Brent crude futures were up 11 cents, or 0.1%, at $106.75 a barrel…
