By Florence Tan SINGAPORE (Reuters) – Oil prices climbed in early Asia trade on Monday, supported by tensions in the Middle East following a drone attack in Iran and as Beijing pledged over the weekend to promote a consumption recovery which would support fuel demand. Brent crude futures rose 54 cents, or 0.6%, to $87.20…
By Wayne Cole SYDNEY (Reuters) – Asian shares started cautiously on Monday in a week that is certain to see interest rates rise in Europe and the United States, along with U.S. jobs and wage data that may influence how much further they still have to go. Earnings from a who’s who of tech giants…
By Nick Carey (Reuters) – Israeli electric vehicle (EV) startup City Transformer aims to launch production of its small urban CT-2 model in Western Europe by the end of 2024 and will soon launch a Series B funding round to raise $50 million, the company said on Monday. Chief Executive Asaf Formoza told Reuters the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. It looks like a quiet start to the week in Asia on Monday, but don’t be fooled – it may be the calm before the storm. A raft of regional economic indicators including Japanese unemployment and PMIs from…
By Jayshree P Upadhyay, Aditya Kalra and Aditi Shah NEW DELHI (Reuters) -India’s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 billion rout in its stocks, saying it complies with all local laws and had made the necessary regulatory disclosures. The conglomerate led by Asia’s richest…
(Corrects name of subsidiary in paragraph 13 of Jan. 26 story to Ingka (not IKEA) Investments) By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) -IKEA is using more wood from Sweden and the Baltics to make up for not sourcing it from Russia and Belarus which the company has shunned due to Moscow’s war in…
(Reuters) – India’s Adani Group said on Sunday that a Jan. 24 report by short seller Hindenburg Research that led to a $48 billion rout in its stock was intended to create a false market to enable the short seller to book gains. Adani’s response comes amid a $2.5 billion share sale by its flagship…
By Valerie Insinna and Tim Hepher SEATTLE/PARIS (Reuters) – Boeing’s 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see its more than five-decade reign as “Queen of the Skies” ended by more efficient twinjet planes. The last commercial Boeing jumbo will be delivered to Atlas Air in the surviving…
VIENNA (Reuters) – A Russian leasing unit of Austrian lender Raiffeisen Bank International is among the companies targeted by sanctions that Ukraine announced overnight, RBI said on Sunday. Ukrainian President Volodymyr Zelenskiy announced a wave of sanctions overnight targeting 182 Russian and Belarusian companies along with three individuals. The companies mainly deal with goods transportation,…
BEIJING (Reuters) – China’s central bank said on Sunday it will roll over three lending tools to increase support for targeted sectors of the economy. The People’s Bank of China will roll over a lending tool for supporting carbon emission reduction to the end of 2024, and extend a relending tool for promoting the clean…
