Tesla’s China expansion hits speed bump amid industry overcapacity
SHANGHAI (Reuters) -Tesla’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals…
Asia
Climate and Ukraine loom over supply-strained Paris Airshow
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – Global aerospace and defence companies will tout…
Baidu wins commercial licence for driverless taxis in Shenzhen
By Josh Ye HONG KONG (Reuters) -China’s tech firm Baidu Inc said on Friday that it has obtained a commercial…
Power disrupted, heavy rains lash India, Pakistan after cyclone
By Sumit Khanna AHMEDABAD, India/KARACHI (Reuters) – Roofs were blown off houses and trees and electric poles uprooted, leaving thousands…
India’s Modi to address FedEx, Mastercard, other US CEOs at Kennedy Center -source
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet the CEOs of top…
Marketmind: Stocks fight the Fed as markets still not listening
By Naomi Rovnick LONDON (Reuters) – If you looked at red-hot stock markets without following central banks, you could well…
China’s Jan-May fiscal revenue growth quickens
BEIJING (Reuters) – China’s fiscal revenues grew 14.9% in the first five months from a year earlier, quickening from a…
Explainer-What is Hong Kong’s new dual HKD/RMB share counter?
By Georgina Lee and Winni Zhou HONG KONG (Reuters) – The Hong Kong stock exchange will start offering yuan-denominated Chinese…
Central banks, waiting for relief on inflation, lean towards higher rates
By Howard Schneider, Balazs Koranyi and Leika Kihara WASHINGTON/FRANKFURT/TOKYO (Reuters) -Two years into confronting rising inflation, the world’s top central…
China takes next step in currency globalization, with some HK stocks priced in yuan
By Samuel Shen and Georgina Lee SHANGHAI/HONG KONG (Reuters) – China’s gradual internationalisation of its currency will shift to its…