By Kantaro Komiya TOKYO (Reuters) – The Bank of Japan’s new chief Kazuo Ueda will not start unwinding its ultra-easy policy at April 27-28 meeting, nearly 90% of economists polled by Reuters said, as the chance of a surprise tweak at his first rate-review subsided. Since succeeding Haruhiko Kuroda early this month, Ueda has reassured…
By Jason Xue and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Chinese asset managers are rushing to launch funds to woo investors into state-owned firms, whose shares have surged this year as Beijing pushes the market to revalue the previously overlooked state sector. Shares of state-owned enterprises (SOEs) have risen sharply since November, when top securities…
DETROIT (Reuters) – Electric car giant Tesla’s decision to cut prices to drive up sales volume reflects the pressure it faces from competition and an ageing product line-up, Ford Chief Executive Jim Farley said on Thursday. Farley said Tesla’s price cuts underscore intense competition in the two-row crossover or SUV segment of the auto market,…
DETROIT (Reuters) – Electric car giant Tesla’s decision to cut prices to drive up sales volume reflects the pressure it faces from competition and an ageing product line-up, Ford Chief Executive Jim Farley said on Thursday. Farley said Tesla’s price cuts underscore intense competition in the two-row crossover or SUV segment of the auto market,…
HONG KONG (Reuters) – China’s BYD Co Ltd, the world’s largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile’s northern Antofagasta region, said Chilean economic development agency CORFO. The South American country’s government has named BYD Chile a qualified lithium producer, CORFO said, giving it access to preferential…
MEXICO CITY (Reuters) -Mexico’s presidential jet has been sold to Tajikistan, the government said on Thursday, seemingly closing the final chapter on a political saga that President Andres Manuel Lopez Obrador used repeatedly to assail the excesses of his predecessors. Lopez Obrador announced in a post on Twitter that the agreed sale price for the…
CAIRO (Reuters) – Sudan’s paramilitary Rapid Support Forces (RSF) said it had agreed to a 72-hour truce on humanitarian grounds, effective from 6 a.m. (0400 GMT) Friday, offering a potential respite from a six-day military conflict with the Sudanese army. “The truce coincides with the blessed Eid Al-Fitr (Muslim holiday) … to open humanitarian corridors…
By Joe Skipper and Steve Gorman BOCA CHICA, Texas (Reuters) -SpaceX’s next-generation Starship spacecraft exploded minutes after liftoff in an uncrewed test flight from South Texas on Thursday, cutting short a key step in Elon Musk’s development of a rocket vessel to eventually take humans to the moon and Mars. The flight test was the…
By Steve Gorman and Arlene Eiras LOS ANGELES (Reuters) – The spectacular explosion of SpaceX’s new Starship rocket minutes after it soared off its launch pad on a first flight test is the latest vivid illustration of a “successful failure” business formula that serves Elon Musk’s company well, experts said on Thursday. Rather than seeing…
By Steve Gorman and Arlene Eiras LOS ANGELES (Reuters) – The spectacular explosion of SpaceX’s new Starship rocket minutes after it soared off its launch pad on a first flight test is the latest vivid illustration of a “successful failure” business formula that serves Elon Musk’s company well, experts said on Thursday. Rather than seeing…
