LONDON (Reuters) – Manufacturing activity in the euro zone remained resilient at the end of 2021 as factories took advantage of an easing in supply chain bottlenecks and stocked up on raw materials at a record pace, a survey showed. The global coronavirus pandemic had left factories struggling to get the materials they need and…
By Clare Jim HONG KONG (Reuters) -China Evergrande Group shares will be suspended from trading on Monday pending the release of “inside information”, the embattled property developer said without elaborating. Evergrande, the world’s most indebted developer, is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of international market bonds that…
By Chen Lin SINGAPORE (Reuters) -Singapore’s economy expanded at its fastest annual pace in over a decade in 2021 as the country emerged from its worst recession on record, caused by the deep hit to activity from the coronavirus pandemic. The city-state’s economy grew 7.2% in 2021, preliminary data showed on Monday, broadly in line…
By Scott Murdoch and Joyce Lee HONG KONG (Reuters) -Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest ever initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000…
SEOUL (Reuters) – Activity in South Korea’s factories expanded at the fastest pace in three months in December but the economy struggled to gather momentum as rising global coronavirus cases and continued supply constraint weighed on production and overseas demand. The IHS Markit purchasing managers’ index (PMI) for the final month of the year rose…
By David Shepardson WASHINGTON (Reuters) -The chief executives of AT&T and Verizon Communications rejected a request to delay the planned Jan. 5 introduction of new 5G wireless service over aviation safety concerns but offered to temporarily adopt new safeguards. U.S. Transportation Secretary Pete Buttigieg and Federal Aviation Administration chief Steve Dickson had asked AT&T CEO…
By Hyunjoo Jin and Nivedita Balu (Reuters) -Tesla Inc on Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production. It was the sixth consecutive quarter that the world’s most valuable automaker posted record deliveries. Tesla, led by billionaire CEO Elon Musk, delivered…
By Kanishka Singh (Reuters) – Over 4,000 flights were cancelled around the world on Sunday, more than half of them U.S. flights, adding to the toll of holiday week travel disruptions due to adverse weather and the surge in coronavirus cases caused by the Omicron variant. The flights cancelled by 8 pm GMT on Sunday…
(Reuters) – Goldman Sachs Group Inc is encouraging its eligible U.S. staff to work from home until Jan. 18, a company spokesperson said, as the Omicron coronavirus variant spreads across the country. Goldman’s offices will continue to remain open with previously announced COVID-19 safety protocols, the spokesperson added. (Reporting by Elizabeth Dilts Marshall in New…
(Reuters) – Tesla Inc said on Sunday it had delivered a record 308,600 electric cars to customers in the fourth quarter of 2021 well above Wall Street estimates, thanks to a production ramp up at the electric-car maker’s Shanghai factory. Analysts had expected Tesla to deliver 263,026 vehicles, according to Refinitiv data. (Reporting by Sneha…
