TOKYO (AP) — Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, as the world’s third largest economy grapples with rising costs, a weakening currency and slowing global demand. The headline measure for the “tankan,” measuring sentiment among large manufacturers, was plus 8, down from plus…
By Florence Tan SINGAPORE (Reuters) – Oil prices jumped more than 3% in early Asian trade on Monday as OPEC+ considers cutting output of up to 1 million barrels per day at a meeting this week to support the market. Brent crude futures rebounded $2.82, or 3.3%, to $87.96 a barrel by 2337 GMT after…
By Julie Zhu and Josh Ye HONG KONG (Reuters) -Tencent is resetting its M&A strategy to put more focus on buying majority stakes mainly in overseas gaming companies, as the tech giant eyes global expansion to offset slowing growth at home in China, people with direct knowledge of the matter said. Tencent Holding Ltd has…
By Alistair Smout and Elizabeth Piper BIRMINGHAM (Reuters) – British finance minister Kwasi Kwarteng will vow on Monday to stay the course with his planned tax cuts but promised an “iron-clad” commitment to fiscal discipline after a week of market turmoil in response to his growth package. At the start of the governing Conservative Party’s…
MUMBAI (Reuters) – Chinese smartphone maker Xiaomi Corp on Sunday said it was “disappointed” with an Indian order that froze $682 million of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India’s federal financial crime fighting agency, the Enforcement Directorate, to seize 55.51…
(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters. Executives made the calls after spreads Credit Suisse credit default swaps (CDS), which offer…
(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters. Executives made the calls after spreads Credit Suisse credit default swaps (CDS), which offer…
By Hyunjoo Jin -Tesla Inc on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries. Tesla delivered 343,830 electric vehicles, a record for the world’s most valuable automaker, but less than the 359,162 analysts on average had expected, according to Refinitiv. A year earlier Tesla delivered 241,300…
-Tesla Inc on Sunday announced its third-quarter electric vehicle deliveries were lower than expected, citing logistics challenges. Tesla delivered 343,830 electric vehicles, while analysts on average had expected 359,162, according to Refinitiv. A year earlier Tesla delivered 241,300 units. The latest deliveries fell far short of Tesla’s production of 365,923 vehicles, which is rare for…
SARAJEVO, Bosnia-Herzegovina (AP) — Polls opened Sunday in Bosnia for a general election that is unlikely to bring any substantial change despite palpable disappointment in the small, ethnically divided Balkan country with the long-established cast of sectarian political leaders. The election includes races for various levels of government that are part of one of the…
