February 27, 2023

SHANGHAI/LONDON (Reuters) – CATL, the world’s largest battery maker, has offered to cut costs for Chinese automakers, a move that demonstrates its market power and could also widen China’s cost advantage in electric vehicles. China’s CATL has offered smaller domestic electric-vehicle makers discounted prices on batteries, according to four people with knowledge of the terms….

By Ankur Banerjee SINGAPORE (Reuters) – The dollar held firm near a seven-week peak on Monday, after a slew of strong U.S. economic data reinforced the view that the Federal Reserve will have to raise interest rates further and for longer. Data on Friday showed U.S. consumer spending rebounded sharply in January, while inflation accelerated….