By Aditi Shah and Gilles Guillaume NEW DELHI/PARIS (Reuters) – Renault is considering building a mass-market electric vehicle in India, two people with knowledge of the ongoing review told Reuters, as part of a renewed push into a market where EV adoption is expected to grow quickly from a small base. The study by Renault…
By Nell Mackenzie LONDON (Reuters) – Hedge fund fees have dropped to their lowest level since the global financial crisis in 2008, research firm Hedge Fund Research (HFR) said on Friday, as high inflation and recession fears hit investors. HFR said hedge fund base fees fell from the second to the third quarter of 2022…
By Samuel Indyk and Rae Wee LONDON (Reuters) – The dollar rose to an almost one-month high on Friday, after U.S. economic data highlighted a still-tight labour market that could mean the Federal Reserve keeps hiking interest rates aggressively. The number of Americans filing new claims for jobless benefits dropped to a three-month low last…
By Rowena Edwards LONDON (Reuters) -Oil prices edged higher on Friday on hopes of a Chinese demand boost, but the broader global economic outlook kept crude benchmarks on course for a weekly decline. Brent crude futures rose 56 cents, or 0.71%, to $79.25 a barrel by 1009 GMT. U.S. West Texas Intermediate crude futures were…
SHANGHAI (Reuters) -Tesla cut electric car prices in China for the second time in less than three months on Friday, stoking expectations for a wider price war for battery-powered vehicles in the world’s largest auto market where demand has weakened. Tesla also cut prices on its best-selling Model Y and Model 3 electric vehicles in…
By Naomi Rovnick and Kevin Buckland LONDON, TOKYO (Reuters) – Global equities were set to end the first week of 2023 on a tepid note and the dollar stood tall as fears of higher U.S. interest rates hit market sentiment. The MSCI World equity index traded steadily on Friday, on course for its fifth consecutive…
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world’s largest memory chip, smartphone and TV maker…
By Kaori Kaneko and Tetsushi Kajimoto TOKYO (Reuters) – Japan reported on Friday its worst real-wage decline in more than eight years, with November data highlighting the elusiveness of the central bank’s objective of reinforcing inflation and the economy with sustained rises in workers’ pay. The 3.8% annual fall in inflation-adjusted wages heightens the urgency…
By Kantaro Komiya TOKYO (Reuters) – Consumer prices in Japan’s capital likely rose in December at the fastest pace in nearly 41 years, a Reuters poll of economists showed on Friday, as the market looks to inflation data for clues on a possible shift in monetary policy. The core consumer price index (CPI) in Tokyo,…
SHANGHAI (Reuters) -Tesla cut car prices in China for the second time in less than three months on Friday, deepening its discounts in the world’s largest auto market as competition picks up and the demand outlook darkens. The latest cut, along with a reduction in October as well as various incentives that amount to as…
