A look at the day ahead in European and global markets from Tom Westbrook The first trading day for most major markets in Asia was a choppy one, as investors grappled with the contradictory implications of China’s opening up and a resurgence in COVID-19 cases. European and U.S. futures struggled to make headway. Surveys out…
(Reuters) – Cameron Winklevoss, who founded crypto exchange Gemini Trust Co with his twin brother, on Monday accused Digital Currency Group (DCG) CEO Barry Silbert of “bad faith stall tactics” and asked him to commit to resolving $900 million worth of disputed customer assets by Jan. 8. Gemini has a crypto lending product called Earn…
(Reuters) -Tesla Inc’s China chief Tom Zhu has been promoted to take charge of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters. The Tesla posting showed that Zhu’s title had not changed and that he also…
SINGAPORE (Reuters) – The U.S. dollar was mostly flat on Tuesday as investors awaited slew of economic data this week along with minutes of the last Federal Reserve meeting that will shed light on the Central bank’s thinking around interest rates and inflation. The dollar index, which measures the greenback against six major currencies, has…
SINGAPORE (Reuters) -Singapore’s economy grew 3.8% in 2022, preliminary data showed on Tuesday, beating government expectations but slower than the previous year. The government’s official forecast for growth in 2022 was 3.5%, slower than 7.6% in 2021. Gross domestic product (GDP) expanded 2.2% in October-December on a year-on-year basis, the Ministry of Trade and Industry…
RIO DE JANEIRO (Reuters) – Brazil’s new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras would play a leading role in expanding the country’s oil refining sector. During an official event inaugurating his new role, Silveira said that Petrobras would play a leading role, encouraging other groups to join…
(Reuters) -Tesla Inc on Monday reported record production and deliveries for fourth-quarter electric vehicle deliveries but fell short of Wall Street estimates, burdened by lingering logistics problems and slowing demand amid rising interest rates and recession fears. The world’s most valuable automaker delivered 405,278 vehicles in the last three months of the year, compared with…
By Victoria Klesty OSLO (Reuters) -Four out of five new cars sold in Norway in 2022 were battery powered, led by Tesla, but some in the industry say new taxes could thwart the country’s goal of becoming the first to end the sale of petrol and diesel automobiles by 2025. Elon Musk’s electric-only Tesla Inc….
OSLO (Reuters) -Almost four out of five new cars sold in Norway last year were battery-powered, with Tesla the top-selling brand for the second year in a row, registration data showed on Monday. Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway has until now…
BRASILIA (Reuters) – Brazil’s new Finance Minister Fernando Haddad said on Monday he would propose a new fiscal anchor in the first half of this year as the administration of leftist President Luiz Inacio Lula da Silva works to “restore” public accounts. A former mayor of Sao Paulo, Haddad took office with the challenge of…
