BEIJING (Reuters) -Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in China by as much as 6.9%, it said on Wednesday. A post from the carmaker on social media platform Weibo showed the price of the Model S cut 6.7% to 754,900 yuan ($103,477.58) from 808,900…
By Cassandra Garrison GUATEMALA CITY (Reuters) – A Guatemalan anti-corruption campaigner is heavily favored to snag the presidency in Sunday’s run-off vote, suggesting the country could be heading towards a new era after years of democratic backsliding. Bernardo Arevalo of the progressive center-left Semilla party, who surprised with a second-place finish in the first-round vote,…
A look at the day ahead in U.S. and global markets from Mike Dolan Restive bonds showed signs of calm on Wednesday, but China’s struggling economy and markets continue to unnerve world markets. A twin jolt from resurgent western debt yields and China’s deepening economic funk and property sector troubles have made for a bumpy…
MEXICO CITY (Reuters) – Former Mexico City Mayor Claudia Sheinbaum has grown her lead to a 13-point advantage in the contest to be the ruling party’s candidate in Mexico’s 2024 presidential election, a poll published on Wednesday in newspaper El Universal showed. With less than a month until the candidate is announced, the survey showed…
By Davide Barbuscia NEW YORK (Reuters) -Bond investors who had positioned portfolios defensively in anticipation of a U.S. recession are adjusting their strategies for a surprisingly resilient economy that will likely keep interest rates higher, longer than they had expected. A so-called soft-landing economic path – in which the Federal Reserve manages to curb inflation…
By Renju Jose and Lewis Jackson SYDNEY (Reuters) -Woodside Energy said “positive progress” was being made on wage disputes at Australia’s largest liquefied natural gas (LNG) facility even as a union alliance said key differences remained ahead of further talks next Wednesday. Woodside’s North West Shelf, along with Chevron’s Australian LNG operations of Gorgon and…
By Mike Dolan LONDON (Reuters) -August has been rough so far for emerging market stocks and western government bonds, a worrying confluence that may extend losses from ‘geo-investment’ standoffs and reflect an increasingly polarised world economy. Northern summer months can be a dangerous time to over-interpret financial market moves. Thin trading volumes and exaggerated price…
JAKARTA (Reuters) – Indonesia has requested World Trade Organization (WTO) dispute consultations with the European Union regarding the bloc’s imposition of duties on imports of biodiesel from the Southeast Asia nation, the global trade body said on Tuesday. The EU is Indonesia’s third-largest destination for palm oil products and is an important market for its…
By Sudarshan Varadhan and Lewis Jackson SINGAPORE/SYDNEY (Reuters) – Woodside Energy Group and U.S. major Chevron are locked in a dispute over pay and job security with about 700 workers at four facilities in Australia that produce more than a tenth of the world’s liquefied natural gas (LNG). Here is what is expected in coming…
By Casey Hall SHANGHAI (Reuters) – Shanghai driver Zhu Zhimin works 15 hours a day to earn the same money he was making only a few months ago working a regular shift, as he competes with an increasing number of Chinese rushing into the ride-hailing industry. Zhu, who takes home 400-600 yuan ($55-$82) a day…
