By Hannah Lang and Alun John WASHINGTON/LONDON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s…
By Valentina Za MILAN (Reuters) – UniCredit has been trimming the proportion of Amundi funds in its total assets under management as a decade-long deal between the companies enters its final years, a person close to the matter said, the latest sign it may not be renewed. Under an agreement struck in 2017, when UniCredit…
VIENNA (Reuters) – An International Monetary Fund mission has completed its first review of a $15.6 billion loan programme for Ukraine and the country has met the required conditions, paving the way for a payout of around $900 million, the IMF said on Tuesday. IMF staff have also raised their forecast for Ukraine’s economic growth…
HAMBURG (Reuters) – A deal between Daimler Truck and Toyota Motor Corp to combine their truck units in Japan will give the German group a more “balanced” market position in Asia and reduce its reliance on China, Daimler Truck’s CEO said on Tuesday. During a conference call, Martin Daum initially said the tie-up would have…
WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country’s $15.6 billion IMF loan program, which would allow for a $900 million disbursement to Kyiv upon approval by the IMF Executive Board. The IMF said in a statement…
BEIJING (Reuters) -Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country’s foreign minister in Beijing, marking his return to the electric carmaker’s largest production hub after three years. The trip is the latest return by a top U.S. CEO to China since the country…
ISTANBUL (Reuters) – A Turkish court acquitted three people over former Nissan boss Carlos Ghosn’s escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the defendants said on Tuesday. A jet company executive and two pilots, who were detained for several months, were convicted to four years and two months in…
(Reuters) – U.S. households that faced challenges in paying for their basic energy needs were billed about 19% more per square foot than the national average in 2020, the U.S. Energy Information Administration (EIA) said on Tuesday. On average, households were billed $1.04 per square foot for energy usage in 2020, the EIA said in…
NAIROBI (Reuters) – The World Bank said on Tuesday it approved a $1 billion loan to Kenya to support its budget as East Africa’s economic powerhouse confronts high debts and a weakening currency. The lending will be done through an instrument called a Development Policy Operations (DPO) loan, which commits Kenya to instituting reforms aimed…
By David Shepardson WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Tuesday it is closing its investigation into 580,000 Tesla vehicles over the automaker’s decision to initially allow games to be played on the front center touchscreen. Shortly after NHTSA opened its investigation into Tesla’s “Passenger Play” in December 2021, Tesla agreed…
