By Jan Schwartz HAMBURG (Reuters) – Volkswagen’s energy and charging division is keeping all options open for the long-term structure of the business, including a possible listing, the division’s chief Elke Temme said in an interview with Reuters. The division, like all the carmaker’s unlisted brands and its battery business PowerCo, is going through the…
TOKYO (Reuters) – Japanese automaker Honda Motor Co Ltd and battery maker GS Yuasa Corp on Monday said they will collaborate in the high-capacity, high-output lithium-ion battery business, and plan to establish a joint venture by the end of this year. The partners said they will join in the research and development of lithium-ion batteries…
By Nick Carey COVENTRY, England (Reuters) – China’s Geely is planning a big investment to turn the maker of London’s iconic black taxis into a high-volume, all-electric brand with a range of commercial and passenger vehicles, executives at the unit told Reuters. London Electric Vehicle Company (LEVC) also aims to expand its suite of services,…
By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the week in Asia with much of the region on holiday. U.S. stocks futures are near flat, but EUROSTOXX futures added 0.5% to extend their recent bullish run. Presumably…
By Wayne Cole SYDNEY (Reuters) – The euro scaled a nine-month high on the dollar on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve. The euro reached as far as $1.0903, breaking the recent peak of $1.08875 and opening the way to a spike…
(Reuters) – Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet Inc, Amazon.com Inc, Microsoft Corp who have cut thousands of jobs recently. The report, which cited sources, said that the number of jobs being eliminated was not specified. Spotify did…
By Devayani Sathyan BENGALURU (Reuters) – Thailand’s central bank is expected to raise interest rates by 25 basis points on Wednesday to curb elevated inflation and further hikes are likely even as China’s reopening brightens the economic outlook, a Reuters poll found. Unlike its neighbours in Malaysia and Indonesia, The Bank of Thailand (BOT) is…
(Reuters) -Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, the Wall Street Journal reported on Sunday, citing people familiar with the matter. Details of the deal were not available, the report said. “We look forward to working constructively with Salesforce to realize the value befitting a…
By Wayne Cole SYDNEY (Reuters) – The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve. The euro crept ahead to $1.0870 and nearer its recent nine-month peak of $1.08875. A…
By Nia Williams and Steve Scherer (Reuters) – In Canada’s western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labour force transition to a greener economy, but union and community leaders are warning politicization of the Just Transition bill obscures the needs of workers. Prime Minister Justin Trudeau’s…
