By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday output at its iPhone plant in China had “basically returned to normal” and December revenue, down 12.3% year-on-year, marked the start of a recovery. Production of Apple iPhones faced disruption ahead of Christmas and January’s Lunar…
SHANGHAI (Reuters) – Tesla Inc delivered 55,796 China-made electric vehicles in December, according to the data from China Passenger Car Association on Thursday. The number marks a 44% drop from November and is 21% fewer than a year earlier as the U.S. automaker reduced output and cut prices to deal with pressures of rising inventory…
KYIV (Reuters) -Ukraine’s gross domestic product fell by 30.4% in 2022 – the largest annual fall in over 30 years – because of the war with Russia, Economy Minister Yulia Svyrydenko said on Thursday. Svyrydenko, who is also first deputy prime minister, said in a statement that Ukraine’s economy had suffered its largest losses since…
SHANGHAI (Reuters) – Standard Chartered Plc’s China unit said it had become the first foreign bank to trade treasury bond futures in the country which is deregulating capital markets. The move comes as China steps up efforts to draw global investors amid months of foreign money outflows from its $20-trillion bond market. In a statement…
A look at the day ahead in European and global markets from Ankur Banerjee The eagerly-anticipated Fed minutes arrived and failed to surprise, with markets broadly shrugging off the hawkish tone and still pining for a rate cut sometime this year. Asian shares continue their bright start to the year with investors pinning their hopes…
