A look at the day ahead in U.S. and global markets from Mike Dolan For an investment world now so convinced of looming recession and substantially positioned for it, the incoming growth, inflation, banking and earnings pictures still won’t play ball. That leaves Wall St stocks in something of a sideways shuffle that has crushed…
SHANGHAI (Reuters) – Elon Musk has said the only thing holding back electric vehicle (EV) sales is their price. Companies like BYD are solving that problem in China – and getting ready to solve it for the world. China’s largest EV maker unveiled this week the Seagull at the Shanghai auto show, shocking analysts and…
By Philip Blenkinsop BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer drinkers in Europe. The world’s second-largest brewer expects its operating profit this year to increase by a mid- to high- single-digit percentage. “We see signals…
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to stand pat on lending benchmarks at the monthly fixing on Thursday, a Reuters survey showed, as economic recovery has been well on track – as seen from better-than-expected first-quarter data. China’s economy grew at a faster-than-expected pace in the first quarter, reducing the urgency for authorities to…
By Kevin Yao BEIJING (Reuters) – China’s central bank has plenty of reasons to loosen policy as deflationary pressures in the economy deepen, but record credit growth is likely to limit the extent of any monetary support it’s able to provide. While the recovery from last year’s pandemic slump in the world’s second-largest economy gathered…
By M. Sriram MUMBAI (Reuters) – A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors reckon with stretched valuations and faltering consumption growth, likely laying the ground for industry consolidation. Startups in India raised just $2 billion in the first quarter of…
BEIJING (Reuters) – China is formulating plans to boost the recovery and expansion of consumption, the state planner’s spokesperson Meng Wei said on Wednesday, signaling officials are worried about weak demand despite a sharp rebound in retail sales. China’s economy grew at a faster-than-expected pace in the first quarter, as businesses and consumers came out…
By Joe Cash and Pasit Kongkunakornkul BEIJING/BANGKOK (Reuters) – Bookings in China for trips abroad during the upcoming May Day holiday point to a continued recovery in travel to Asian countries, but the numbers remain far off pre-COVID levels with long-haul airfares soaring and not enough flights available. Overseas tour bookings for the upcoming holiday,…
By Anthony Boadle BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Tuesday condemned the violation of Ukraine’s territorial integrity by Russia and again called for mediation to end the war, a peace initiative that was criticized by the Ukrainian government. Speaking at a lunch with Romanian President Klaus Iohannis, Lula said a group…
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Indian ride-hailing startup BluSmart is seeking to challenge Uber and Ola for market share in the country with bets on an all-electric taxi fleet and an aggressive bid to lure disgruntled passengers and drivers from the incumbents. A clean energy push by Prime Minister Narendra…
