By Nick Carey LONDON (Reuters) – Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023. The British carmaker, which began as Rolls-Royce in Manchester, England nearly 120 years ago and is now owned…
By Carolina Pulice and Tatiana Bautzer MEXICO CITY/SAO PAULO (Reuters) -Brazilian assets face fresh volatility on Monday after supporters of former President Jair Bolsonaro stormed key government buildings, echoing the U.S. Jan. 6 insurrection of 2021, analysts said. Images of the coordinated invasion on Sunday afternoon, which overwhelmed law enforcement and left the Supreme Court…
CAIRO (Reuters) -Shipping traffic in the Suez Canal was proceeding normally on Monday after tugs towed a cargo vessel that broke down during its passage through the waterway, the Canal Authority said. The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT), shipping…
DUBAI (Reuters) -Efforts are under way to refloat a cargo vessel carrying grain from Ukraine that has run aground in the Suez Canal, the chairman of the Suez Canal Authority told Al-Arabiya TV on Monday. The M/V Glory ran aground while joining the southbound convoy transiting through the canal and tug boats are trying to…
ZURICH(Reuters) – The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said on Monday, the biggest loss in its 115-year history. The central bank plunged into the red as falling stock and fixed-income markets hit the value of its share and bond portfolio, while the appreciation…
(Reuters) -China’s stock regulator is set to stop local companies in certain sectors from listing on the country’s main stock exchanges, the Financial Times reported on Monday, citing two capital markets bankers familiar with the matter. The China Securities Regulatory Commission (CSRC) has informed bankers it has given some industries, including food and beverage and…
By Wayne Cole SYDNEY (Reuters) – Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China’s borders bolstered the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 2.0% to a five-month top, with South Korean shares gaining 2.2%. Chinese blue chips…
By Jamie McGeever ORLANDO, Fla. (Reuters) – Hedge funds have started 2023 betting that U.S. interest rates are close to peaking, that the Federal Reserve will keep them higher for longer and that the dollar will weaken slightly. Judging by the economic data, financial market swings and talk from U.S. policymakers in the first week…
(Reuters) -Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul. Hong Kong-listed shares of Ma’s Alibaba jumped more than 5%. Shares of Longshine Technology Group Co Ltd, Jilin Zhengyuan, Shanghai…
By Wayne Cole SYDNEY (Reuters) – Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China’s borders bolstered the outlook for the global economy. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.5% to a five-month top, with South Korean shares gaining 2.1%. Chinese blue chips…
