By Hyunsu Yim and Ju-min Park SEOUL (Reuters) -South Korea’s Hyundai Motor Group and LG Energy Solution Ltd (LGES) on Friday said they will build a $4.3 billion electric vehicle (EV) battery plant in the United States amid a push to take advantage of tax credits. Manufacturers must adhere to new U.S. sourcing requirements for…
DUBROVNIK, Croatia (Reuters) – Falling energy prices will lower underlying inflation in the euro zone and rapid wage growth is not putting undue pressure on prices, European Central Bank Chief Economist Philip Lane said on Friday. Inflation has been stubbornly high for nearly two years and some policymakers have been warning that underlying inflation was…
A look at the day ahead in U.S. and global markets from Mike Dolan As the AI-led tech stock boom unfolds, there’s light at the end of the U.S. debt ceiling saga – only markets now reckon the Federal Reserve will tighten policy even further this summer. Investors juggled these three strands over the past…
By Nivedita Balu TORONTO (Reuters) -Canada’s no.2 lender TD Bank Group will push ahead with its U.S. expansion by focusing on organic growth, after its M&A-led strategy in the world’s biggest banking market suffered a setback this month, a top official told Reuters on Thursday. TD has made U.S. growth a key priority as it…
By Sophie Yu and Brenda Goh BEIJING (Reuters) – China Eastern Airlines, the initial customer for the country’s homegrown narrow-body jet C919, will launch the plane’s first commercial flight on Sunday, the carrier’s app showed on Friday. The C919 flight will take off as flight number MU9191 at 10:45 a.m. Beijing time (0245 GMT) from…
By Sophie Yu and Brenda Goh BEIJING (Reuters) -China Eastern Airlines, the initial customer for the country’s homegrown narrow-body jet C919, will launch the plane’s first commercial flight on Sunday, the carrier’s app showed on Friday. The C919 flight will take off as flight number MU9191 at 10:45 a.m. Beijing time (0245 GMT) from Shanghai…
SHANGHAI (Reuters) – China’s securities regulator said on Friday it had allowed Morgan Stanley to set up a China futures company in Beijing, to implement the opening-up of the country’s futures market. “In the next step, the China Securities Regulatory Commission (CSRC) will continue to deepen the opening up of the futures market, and support…
By Gopal Sharma KATHMANDU (Reuters) – A renowned U.S. mountain guide has achieved the rare Mount Everest region “triple crown” of climbing the Everest, Lhotse and Nuptse peaks in one season, a hiking firm said on Friday, as the season’s death toll on the world’s highest mountain hit 12. Garrett Madison, 44, climbed Lhotse, the…
By Anirban Sen and Karl Plume (Reuters) -Global grain trader Viterra is in talks to merge with U.S. rival Bunge Ltd, a person familiar with the matter said, in a potential mega deal that would reshape the top tier of global grains merchants. There is no certainty that Viterra, part-owned by Switzerland-based mining and trading…
TAIPEI (Reuters) -Taiwan’s economy will probably grow more slowly in 2023 than previously forecast, the government’s statistics office said on Friday, as weakening global demand weighs heavily on its key technology exports. Taiwan, home to major tech companies including the world’s largest contract chip maker TSMC, has seen its exports contracting amid interest rate hikes…
