SHANGHAI (Reuters) – Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said. William Li told reporters on the sidelines of the Shanghai Autoshow that he estimated his…
SHANGHAI (Reuters) – Premium electric vehicle (EV) maker Polestar, founded by Volvo and Zhejiang Geely Holding Group, said on Tuesday it expects production of its Polestar 4 to begin later this year in Hangzhou Bay. Speaking at the Shanghai auto show, Chief Executive Officer Thomas Ingenlath also said pre-orders for the Polestar 4 would be…
MEXICO CITY (Reuters) – Members of Mexico’s National Guard are suspected of killing two civilians this weekend in the northern border city of Nuevo Laredo, including a pregnant teenager, a state official and local media said on Monday. The shooting was likely due to a mix-up because a vehicle with gunmen in it had been…
By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while investors awaited data from China that will highlight the extent of the recovery of the world’s second biggest economy. The dollar index,…
By Arathy Somasekhar (Reuters) – Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere. Brent crude was flat at $84.76 a barrel at 0004 GMT,…
By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes posted modest gains on Monday, helped by financial and industrial shares, while investors braced for a heavy week of corporate results and comments from Federal Reserve officials that could give more insight into the path of interest rates. Markets are gauging…
By Lisa Baertlein LOS ANGELES (Reuters) -United Parcel Service and the International Brotherhood of Teamsters union on Monday started U.S. private sector labor contract talks covering roughly 340,000 U.S. drivers, package handlers and loaders at the global delivery firm. The stakes are high for union and management as recession threatens to cut in to business,…
LONDON (Reuters) -Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto to try to win support for the company’s takeover bid rather than an internal overhaul, a source familiar with the situation said. Glencore made its $22.5 billion all-share offer as Teck’s own plan to spin…
By Lisa Richwine and Danielle Broadway LOS ANGELES (Reuters) -Hollywood writers voted overwhelmingly in favor of giving union negotiators the power to call a strike, moving a step closer to a production shutdown that would hamper studios and disrupt what viewers see on television. The Writers Guild of America (WGA) on Monday said 97.85% of…
By Joe Skipper and Steve Gorman BOCA CHICA, Texas (Reuters) -Elon Musk’s SpaceX called off the highly anticipated debut launch of its newly combined Starship cruise vessel and Super Heavy rocket in the final minutes of countdown due to a frozen valve, delaying the uncrewed test flight for at least two days. The two-stage…
