BENGALURU (Reuters) – Walmart and other shareholders of digital payments app PhonePe will have to pay tax worth around $1 billion after the fintech firm shifted its headquarters to India from Singapore last year, Bloomberg News reported on Wednesday, citing people familiar with the matter. (Reporting by Nandan Mandayam in Bengaluru)
BERLIN (Reuters) -The BMW Group more than doubled its fully-electric vehicle sales in 2022 and plans on raising the share of battery electric vehicles in total sales to 15% in 2023, the carmaker said in a post on LinkedIn on Wednesday. Total sales for 2022 were around 100,000 fewer than the previous year at 2.4…
By Amanda Cooper LONDON (Reuters) -The dollar fell broadly on Wednesday, losing out to commodities currencies like the Australian dollar and against the euro, which got a lift from a raft of data that suggested European inflation may finally have peaked. The dollar was already under pressure from investors who have grown more optimistic over…
(Reuters) – More U.S. consumers want to buy an electric vehicle (EV) but are concerned about rising prices, while fewer aimed to purchase gasoline-powered vehicles, a survey by consulting firm Deloitte showed on Wednesday. Nearly 7 in 10 prospective EV buyers in the United States expect to pay less than $50,000 for their next vehicle,…
By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment. A majority of the 10 global asset and hedge fund managers…
By Ankur Banerjee SINGAPORE (Reuters) – Asian equities rose sharply on Wednesday, boosted by Hong Kong shares, while the dollar was on the back foot, with investors keenly awaiting minutes from the Federal Reserve’s most recent meeting to gauge the path forward for interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan was 1.3%…
TAIPEI (Reuters) – Taiwan plans to give cash payouts of nearly $200 to every citizen this year, Premier Su Tseng-chang announced on Wednesday, saying the island’s economic growth will be shared by everyone. The export-reliant economy, a global tech powerhouse for products including semiconductor chips, grew 6.45% in 2021, the fastest rate since it expanded…
MEXICO CITY (Reuters) – General Motors discussed plans to produce only electric vehicles at its Ramos Arizpe plant in northern Mexico, the country’s economy ministry said in a tweet on Tuesday, following a meeting with the U.S. carmaker. (This story has been corrected to remove reference to 5,000 new jobs after the government officially clarified…
By Yoshifumi Takemoto TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank would maintain its loose monetary policy in order to sustain inflation at its 2% target along with wage growth. Kuroda’s comments at a New Year gathering of the Japanese bankers’ association counter lingering market speculation the BOJ may…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the central bank would keep monetary easing in order to achieve its 2% inflation target accompanied by wage growth. Speaking at a New-Year gathering of the Japanese bankers’ association, Kuroda said the economy would grow firmly and stably this year backed by…
