MEXICO CITY (Reuters) – General Motors discussed plans to produce only electric vehicles at its Ramos Arizpe plant in northern Mexico, the country’s economy ministry said in a tweet on Tuesday, following a meeting with the U.S. carmaker. (This story has been corrected to remove reference to 5,000 new jobs after the government officially clarified…
By Yoshifumi Takemoto TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank would maintain its loose monetary policy in order to sustain inflation at its 2% target along with wage growth. Kuroda’s comments at a New Year gathering of the Japanese bankers’ association counter lingering market speculation the BOJ may…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the central bank would keep monetary easing in order to achieve its 2% inflation target accompanied by wage growth. Speaking at a New-Year gathering of the Japanese bankers’ association, Kuroda said the economy would grow firmly and stably this year backed by…
By Arathy Somasekhar (Reuters) – Oil prices held their ground on Wednesday after tumbling in the previous session as markets braced for minutes from the U.S. Federal Reserve’s December policy meeting. The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each. If the Fed intensifies…
By David French and Shariq Khan (Reuters) -A unit of Tokyo Gas Co Ltd is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for about $4.6 billion, including debt, people familiar with the matter said on Tuesday. If consummated, the deal would be the latest…
(Refiles to fix typos in paragraphs 2 and 4) NEW YORK (Reuters) -D.E. Shaw’s largest hedge fund gained 24.7% last year after fees, outperforming average gains for the industry in a high-volatility environment, according to a source familiar with the matter. D.E. Shaw, one of the industry’s biggest managers, saw gains in its D.E. Shaw…
(Reuters) – Carnival Corp and Royal Caribbean Cruises on Tuesday said they would appeal a U.S. court ruling ordering them and two other cruise operators to pay $110 million each in damages for use of a port that Cuba’s government confiscated in 1960. U.S. District Judge Beth Bloom in Miami ruled last week to award…
(Reuters) – The head of Goldman Sachs Group Inc’s direct-to-consumer unit, Swati Bhatia, is stepping down from the role, according to an internal note seen by Reuters. Bhatia, a former PayPal executive, will retire from the partnership and become an advisory director, the note said. The move comes as Goldman Sachs in October signaled it…
By Aditya Soni and Eva Mathews (Reuters) -Tesla Inc shares kicked off 2023 with a thud, plunging more than 12% on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world’s most valuable automaker. Once worth more than $1 trillion, Tesla lost more than 65% in market value…
By Chibuike Oguh (Reuters) -Blackstone Inc on Tuesday said it had secured a $4 billion investment from the University of California in its unlisted real estate income trust (BREIT) that has been plagued by investor redemptions, after the private equity firm committed $1 billion to backstop the university’s returns in the fund. In an unprecedented…
