DUBAI, United Arab Emirates (AP) — Dubai’s state-owned utility announced Tuesday it will list a sliver of its worth on the emirate’s stock exchange, hoping to ride a recent wave of initial public offerings in the Gulf Arab states while avoiding the stumbles of past IPOs. The Dubai Electricity and Water Authority’s offering involves 3.25…
By Aditya Kalra and Abhirup Roy NEW DELHI (Reuters) -Amazon.com Inc has gone on the attack in its bitter dispute with two Indian retailers, accusing them of fraud in Indian newspaper ads on Tuesday after Reliance Industries suddenly took over many of Future Retail stores. Amazon has been contesting the planned $3.4 billion sale of…
BEIJING (Reuters) – Tesla Inc raised prices by about 5% on Tuesday for some of its China-made Model 3 and Model Y products, the website of the U.S. electric vehicle maker showed, in its second such hike in five days. Tesla declined to comment on the hikes. After the price increases, the Model Y Long…
BEIJING (Reuters) – Tesla Inc raised the prices of its high-end China-made model 3 and model Y vehicles on Tuesday, the firm said on its website, the second time in five days that the U.S. electric vehicle maker has done so. Tesla declined to comment on the hikes. (Reporting by Sophie Yu, Brenda Goh; Editing…
SHANGHAI (Reuters) -China’s central bank kept some of its policy rates unchanged in a liquidity operation on Tuesday, dashing expectations for a cut, although investors believe policymakers may resume monetary easing soon to prop up the cooling economy. The surprise decision comes a day before the U.S. Federal Reserve is expected to deliver its first…
By Yuka Obayashi TOKYO (Reuters) – Oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in COVID-19 cases. Brent futures dropped $4.20 or 3.9% to $102.70 a barrel by 0125 GMT after falling 5.1% the previous day. U.S….
By Wayne Cole SYDNEY (Reuters) – Australia’s central bank remains prepared to be patient on raising interest rates as it waits for wage growth to pick up, though it warned a surge in commodity prices caused by the war in Ukraine would add to inflationary pressure. Minutes of its March meeting released on Tuesday showed…
By Alun John HONG KONG (Reuters) – The yen remained under pressure on Tuesday and the Australian dollar was bruised by the latest lockdowns in China following new COVID-19 outbreaks, but moves were more muted than in recent days as traders eyes turned to this week’s Fed meeting. The U.S. Federal Reserve is set to…
(Reuters) -Canada has approved the importation of beef and pork from Brazil, which had been blocked over health concerns, authorities from both countries said on Monday. “We are in Ottawa and have just left the Canadian Ministry of Agriculture with … great news: the opening up of the country’s pork and beef market,” Brazilian Agriculture…
BEIJING (Reuters) -A Boeing 737 MAX jet that took off from Seattle on Monday is en route to the manufacturer’s completion plant in China, an industry source said, in a sign the model is closer to returning to commercial flights there after a three-year grounding. Flight tracking websites showed the plane, painted in the livery…
