BEIJING (Reuters) -U.S. electric vehicle maker Tesla Inc sold 56,515 China-made vehicles in February, including 33,315 for export, the China Passenger Car Association (CPCA) said on Tuesday. Tesla, which has made Model 3 sedans and Model Y sport-utility vehicles in Shanghai since 2019, sold 59,845 China-made vehicles in January. Chinese NEV maker Nio Inc delivered…
By Sonali Paul and Mohi Narayan NEW DELHI (Reuters) – Oil prices rose on Tuesday, with Brent surging past $126 a barrel, as fears of formal sanctions against Russian oil and fuel exports spurred concerns about supply availability. Benchmark Brent crude futures for May climbed $3.07, or 2.49%, to $126.28 a barrel at 0756 GMT….
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) – For more than a year, Amazon.com Inc and India’s Future Group have been locked in a complex legal stand-off that has stalled Future’s $3.4 billion sale of assets to rival Reliance Industries <RELI.NS>, the country’s biggest conglomerate. After trading barbs in courtrooms for months, Amazon…
BEIJING (AP) — Asian stocks rebounded Wednesday after Wall Street declined and Chinese inflation edged higher. Already high oil prices rose further, adding more than $2 per barrel following President Joe Biden’s ban on imports of Russian crude. Stock benchmarks in Tokyo and Sydney rose while Shanghai and Hong Kong declined. South Korean markets were…
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Bitcoin’s been known to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the precipice of World War 3? That could be down to the new HODLers, in part. Young retail investors…
By Noah Browning and Stephanie Kelly LONDON (Reuters) – Sky-high oil prices resulting from a potential Russian oil import ban could force governments to pour more cash into fossil fuel subsidies to shield consumers from rising energy bills, rather than use the money to fight climate change. Even before Russia’s invasion of Ukraine, rising…
TOKYO (Reuters) – Activist fund Oasis Management Co unveiled a month-long initiative on Tuesday to sponsor board-director training courses in Japan for qualified women, as many Japanese companies struggle to find female directors to diversify their boards. Hong Kong-based Oasis said it will pay all costs this month for qualified women who enrol for director…
By Jamie Freed (Reuters) – Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea. Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot, S7…
SHANGHAI (Reuters) – U.S.-based businesses reported more pessimism about operating in China due to bilateral tensions, ongoing COVID-19 curbs, regulatory restrictions and a slowing economy, a survey from the American Chamber of Commerce showed on Tuesday. Optimism toward domestic market growth dropped 11 percentage points from the previous year, according to the Chamber’s report, based…
PARIS (Reuters) – European planemaker Airbus chose the Australian miner Fortescue Metals Group Ltd’s hydrogen unit to help it reduce CO2 emissions from flying, Fortescue Future Industries (FFI) said in a statement on Tuesday. The move, marked by the signing of a Memorandum of Understanding, reflected the companies’ “shared ambition … to support the entry-into-service…
