By Victoria Waldersee BERLIN (Reuters) – China’s electric vehicle (EV) makers, which have raced past foreign rivals to top sales rankings at home, are arriving in Europe – and facing a new set of challenges. Stereotypes of Chinese manufacturing, import costs, and a less developed EV market are just some of the issues Chinese brands…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The People’s Bank of China is expected to cut interest rates on Monday, but it may have to throw caution to the wind and ‘go big’ if it is to soothe the nervousness and concern…
By Jamie McGeever ORLANDO, Florida (Reuters) -Of all the economic and market curve balls investors have had to bat away this year, few will be as unexpected as the U.S. economy growing faster than China’s. This was not how the 2023 consensus looked in January, when China was poised to break out of its COVID…
WASHINGTON (Reuters) – The Biden administration plans to urge all Americans to get a booster shot for the coronavirus this autumn to counter a new wave of infections, a White House official said on Sunday. The official said that while the Centers for Disease Control and Prevention are reporting an increase in infections and hospital…
SHANGHAI/SINGAPORE (Reuters) -China is expected to cut lending benchmarks at a monthly fixing on Monday, with many analysts predicting a big reduction to the mortgage reference rate to revive credit demand and shore up the ailing property sector. The loan prime rate (LPR) normally charged to banks’ best clients is calculated each month after 18…
FTX’s Sam Bankman-Fried, currently under detention, is actively seeking an arrangement that would grant him conditional freedom. This move aims to facilitate collaboration with his legal team in Manhattan throughout the week, as reported by Bloomberg. Previously set at $250 million, Bankman-Fried’s bail was revoked following allegations hinting at possible witness tampering. Lawyers…
By David Randall NEW YORK (Reuters) -Several indicators that pointed to upside for U.S. stocks this year have shifted to a more neutral outlook, potentially leaving equities vulnerable to turbulence from a recent surge in bond yields and worries over China’s economy, investors said. Some investors watch so-called contrarian indicators to gauge the market’s mood,…
