By Aditi Shah GREATER NOIDA, India (Reuters) – Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s…
(Reuters) – S&P 500 futures rose in choppy trading on Thursday after a key inflation reading came in line with expectations, adding to hopes that the Federal Reserve will take a less aggressive approach at its next policy meeting. The highly awaited Labor Department’s report showed consumer prices rose 6.5% year-on-year in December, in line…
WARSAW (Reuters) – Double-digit inflation in Poland leaves no room for loosening monetary policy this year but interest rates will not rise further, central banker Ludwik Kotecki told Reuters. With the main interest rate staying at 6.75% for a fourth month in a row in January and inflation for December coming in lower than expected,…
(Reuters) – U.S. stock index futures were subdued on Thursday ahead of the keenly awaited December inflation data that would offer more clues on the Federal Reserve’s path of monetary tightening. The inflation report, due at 8:30 a.m. ET (1330 GMT), is expected to show U.S. consumer prices grew 6.5% year-on-year in December, moderating from…
(Reuters) – Morgan Stanley expects the oil market to tighten during the third and fourth quarter of 2023, supported by a recovery in demand prompted by China reopening its borders among other factors. “We see the oil market coming into balance in 2Q and turning tight in 3Q and 4Q, supporting higher prices later this…
(Reuters) – Morgan Stanley expects the oil market to tighten during the third and fourth quarter of 2023, supported by a recovery in demand prompted by China reopening its borders among other factors. “We see the oil market coming into balance in 2Q and turning tight in 3Q and 4Q, supporting higher prices later this…
By Archishma Iyer (Reuters) – Bullish bets on the Thai baht and Chinese yuan hit five-year highs as China’s sharp pivot from its strict COVID-19 curbs boosted investors’ appetite for strengthening long positions in regional currencies, a Reuters poll showed on Thursday. Long positions firmed on nearly all Asian emerging currencies, many of which had…
BERLIN (Reuters) -Porsche is considering fully integrating Google software into its car cockpit, a source close to the company said on Thursday, marking a shift in strategy for the newly listed carmaker. The deal, which is only being considered for the Porsche brand and not the Volkswagen Group more widely, would enable Porsche customers access…
BERLIN (Reuters) -Google and Porsche are in talks over a possible deal to allow Google Apps to be used in Porsche cockpits, German business magazine Manager Magazin reported on Thursday, citing managers from both companies. A focus of the deal would be access to Google Maps, the report added. Spokespeople for Porsche and Google were…
NEW DELHI (Reuters) -India and the United States have established a new working group to build sustainable supply chains and boost bilateral trade, the governments said in a joint statement on Thursday. The working group will initially focus on trade facilitation, digitization of customs procedures, issues related to mobilization of sustainable finance and scaling up…
