(Reuters) -Tesla Inc on Monday reported record production and deliveries for fourth-quarter electric vehicle deliveries but fell short of Wall Street estimates, burdened by lingering logistics problems and slowing demand amid rising interest rates and recession fears. The world’s most valuable automaker delivered 405,278 vehicles in the last three months of the year, compared with…
By Victoria Klesty OSLO (Reuters) -Four out of five new cars sold in Norway in 2022 were battery powered, led by Tesla, but some in the industry say new taxes could thwart the country’s goal of becoming the first to end the sale of petrol and diesel automobiles by 2025. Elon Musk’s electric-only Tesla Inc….
OSLO (Reuters) -Almost four out of five new cars sold in Norway last year were battery-powered, with Tesla the top-selling brand for the second year in a row, registration data showed on Monday. Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway has until now…
BRASILIA (Reuters) – Brazil’s new Finance Minister Fernando Haddad said on Monday he would propose a new fiscal anchor in the first half of this year as the administration of leftist President Luiz Inacio Lula da Silva works to “restore” public accounts. A former mayor of Sao Paulo, Haddad took office with the challenge of…
By Nell Mackenzie (Reuters) -World stocks inched higher, European bond yields dropped and the dollar held firm in light trading on Monday following warnings from the International Monetary Fund’s managing director that a third of the world will fall into recession in 2023. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.04%, just short…
By Dhara Ranasinghe LONDON (Reuters) -The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies. The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end. Sentiment remained fragile and the first trading day of the year was subdued, with…
(Reuters) – Germany’s Rheinmetall has won an order worth more than a quarter billion euros in the electromobility segment, the industrial group said in a statement on Monday. Rheinmetall said it would be providing the new 900-volt generation of electrically powered vehicles with a new type of contactor to a premium German automaker. Contactors are…
By Bansari Mayur Kamdar (Reuters) -European shares rose in the first trading session of 2023 on Monday as euro zone manufacturing data suggested the worst had passed after a year marred by fears of a recession as central banks hiked rates globally. The pan-regional STOXX 600 rose 0.8%, supported by consumer discretionary stocks. The automobiles…
(Reuters) – European shares rose in the first trading session of 2023 on Monday, after a rough year marred with fears of a recession as central banks hiked rates globally and the Russia-Ukraine war. The pan-regional STOXX 600 rose 0.5% by 0810 GMT, supported by rate-sensitive technology stocks. The energy sector added 0.8%. The STOXX…
By Brijesh Patel (Reuters) -Oil prices are set for small gains in 2023 as a darkening global economic backdrop and COVID-19 flare-ups in China threaten demand growth and offset the impact of supply shortfalls caused by sanctions on Russia, a Reuters poll showed on Friday. A survey of 30 economists and analysts forecast Brent crude…
