BEIJING/SHANGHAI (Reuters) – Growth in sales of China’s passenger vehicles was flat in March from a year earlier, industry data showed on Monday, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand. Car sales in March were 1.61 million units, the China Passenger Car Association…
(Reuters) – Global shipments of personal computers (PCs) fell by 29% in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple Inc taking the largest hit, market research firm IDC said. In the report published Sunday, the International Data Corporation (IDC) said global PC shipments numbered…
By Florence Tan and Mohi Narayan (Reuters) -Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May against concerns about weakening global growth that may dampen fuel demand. Brent crude futures slipped 7 cents to $85.05 a barrel by 0630 GMT, while U.S. West Texas…
By Ankur Banerjee SINGAPORE (Reuters) – Asian shares inched higher, while the dollar started the week on the front foot after U.S. jobs data pointed to a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month. MSCI’s broadest index of Asia-Pacific shares outside Japan…
By Leika Kihara TOKYO (Reuters) -Japan’s new central bank governor Kazuo Ueda faces a bumpy road as slowing global growth clouds prospects for a sustained pickup in inflation and wages, a prerequisite for phasing out his predecessor’s controversial monetary stimulus. The 71-year-old academic’s term began on Sunday, succeeding Haruhiko Kuroda, whose second, five-year term ended…
