China’s Factory Activity Stuns With Fastest Growth In A Decade
By Liangping Gao and Joe Cash BEIJING (Reuters) – China’s manufacturing activity expanded as the fastest pace in more than…
2023
Stocks Pinned To Lows As Rate Fears Weigh
By Tom Westbrook SINGAPORE (Reuters) – Asian stocks struggled to come off two-month lows on Wednesday and the safe-haven dollar…
Tesla To Build New Plant In Mexico Worth Over $5 Billion, Government Says
By Dave Graham and Daina Beth Solomon MEXICO CITY (Reuters) -Tesla Inc will build a new assembly plant in northern…
U.S. Commerce To Ask Companies Seeking Chips Funding To Provide Childcare For Employees
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Monday it plans to ask companies seeking at least…
Rivian’s 2023 Outlook Disappoints, Recalls Over 12,700 Cars; Shares Fall 8 Pct
By Akash Sriram and Abhirup Roy (Reuters) – Rivian Automotive Inc on Tuesday forecast 2023 production well below analysts’ estimates…
Airbus Criticizes US Inflation Reduction Act For Challenging European Aerospace Firms
WASHINGTON (Reuters) -The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could…
Biden Admin Grilled Over $23 Billion In Licenses For Blacklisted Chinese Firms
By Karen Freifeld and Alexandra Alper (Reuters) -The Biden administration approved more than $23 billion worth of licenses for companies…
US Retailers’ Lure Cash-strapped Customers With Products Under $5
By Siddharth Cavale and Uday Sampath Kumar NEW YORK (Reuters) – Retailers have a new sweet spot: products that cost…
Chevron CEO Does Not Rule Out Consolidation Among Oil Majors
By Sabrina Valle HOUSTON (Reuters) – Chevron Corp. Chief Executive Michael Wirth on Tuesday said a consolidation between the five…
Tesla To Build New Plant In Mexico Said To Be Worth At Least $1 Billion
By Dave Graham and Daina Beth Solomon MEXICO CITY (Reuters) – Tesla Inc will build a new plant in northern…