SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc sold 65,814 China-made vehicles in March, data from the China Passenger Car Association (CPCA) showed on Monday. CPCA said passenger car sales in March in China totalled 1.61 million, down 10.9% from a year earlier. (Reporting by Zhang Yan, Brenda Goh; Editing by Christopher Cushing)
By Florence Tan (Reuters) – Oil prices slipped $2 a barrel in early Asian trading on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Brent crude fell $2.04, or 2%, to $100.74 a…
FRANKFURT (Reuters) – Drugmakers on Monday pledged to speed up the market launch of new drugs in underserved EU member states in a bid to avert stricter regulation by Brussels. European Federation of Pharmaceutical Industries and Associations (EFPIA) said in a statement on Monday its members pledge to file for reimbursement by national health systems…
By Tom Westbrook SINGAPORE (Reuters) – The euro made a firm start to the week on investor relief that incumbent Emmanuel Macron led first-round voting in the French presidential election, while other moves were slight ahead of central bank meetings in Europe, Canada and New Zealand. The euro briefly flickered as high as $1.0955 in…
(Reuters) – Oil prices slipped in early Asian trading, following the second straight weekly decline after world consumers announced plans to release crude from strategic stocks and as Chinese lockdowns continued. As of 2202 GMT, Brent crude fell 38 cents to $102.40 a barrel while U.S. crude lost 16 cents to $98.18. Last week, Brent…
(Reuters) -Russia will take legal action if the West tries to force it to default on its sovereign debt, Finance Minister Anton Siluanov told the pro-Kremlin Izvestia newspaper on Monday, sharpening Moscow’s tone in its financial wrestle with the West. “Of course we will sue, because we have taken all the necessary steps to ensure…
(Reuters) – Russia will take legal action if the West tries to force Moscow to default on its sovereign debt, Finance Minister Anton Siluanov told the daily Izvestia newspaper in an interview early on Monday. “Of course we will sue, because we have taken all the necessary steps to ensure that investors receive their payments,”…
ZURICH (Reuters) – Austrian specialty steelmaker Voestalpine is in advanced talks to sell a majority stake in its Texas plant, it said on Sunday. “In recent months, voestalpine has been conducting an open-ended market sounding to stabilize the business model of its direct reduction plant in Corpus Christi, Texas,” the Austrian firm said in a…
WASHINGTON (Reuters) – Ukraine’s economic output will likely contract by a staggering 45.1% this year as Russia’s invasion has shuttered businesses, slashed exports and destroyed productive capacity, the World Bank said on Sunday in a new assessment of the war’s economic impacts. The World Bank also forecast Russia’s 2022 GDP output to fall 11.2% due…
WASHINGTON (Reuters) – Inflation will remain high this year and next even as the Fed moves steadily to lower the pace of price increases, Cleveland Fed president Loretta Mester said Sunday in an interview on CBS’ “Face the Nation.” By making home, auto and other loans more expensive, Fed interest rate increases and other actions…
