By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Whisper it, but Wednesday could be a pretty quiet day in Asia after Wall Street closed little changed on Tuesday and with Malaysian trade and Australian leading indicators the only potential market-moving releases on the regional data calendar….
By Idrees Ali and Phil Stewart WASHINGTON (Reuters) – The U.S. Air Force’s 102nd Intelligence Wing, which the alleged leaker of classified information belonged to, has been ordered to halt its intelligence mission as the service’s inspector general carries out an investigation, the Air Force said on Tuesday. The Air Force said all units would…
(Reuters) -Transport Canada said on Tuesday Hyundai Auto Canada Corp pleaded guilty to six different counts of criminal charges for violating the Motor Vehicle Safety Act. Hyundai Auto Canada failed to send out notices of safety defect within the prescribed time period of 60 days, the statement said, and the company will pay a fine…
By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) -The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on Tuesday. The failure last year of the Bahamas-based FTX exchange has highlighted…
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar fell against most major currencies on Tuesday after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound. China’s gross domestic product (GDP) grew 4.5% year on year in the first three months of the year, data showed, beating…
By Paul Lienert (Reuters) – Chinese electric vehicle maker Xpeng Inc is the latest manufacturer hoping to save money and speed development and production by shifting to a digital vehicle architecture – an approach that bears a striking resemblance to Tesla Inc’s. Unveiled this week ahead of the Shanghai Auto Show, Xpeng’s Smart Electric Platform…
WASHINGTON (Reuters) – There was “some evidence” that China wants the dollar to weaken as the international reserve currency, said a White House nominee for a top economist position on Tuesday, and he urged Congress to raise the U.S. debt ceiling to protect the dollar’s value. Jared Bernstein, a member of the White House Council…
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Thursday will lay out the Biden administration’s principal objectives for the U.S.-China economic relationship in a speech in Washington, the Treasury said on Tuesday as tensions between the world’s two largest economies has thwarted high-level meetings. Yellen, who said last week she still hopes to visit…
By Michael Martina WASHINGTON (Reuters) – China is increasing its Antarctic footprint according to new satellite imagery collected by a Washington-based think tank that shows construction has resumed for the first time since 2018 on the country’s fifth station in the southern polar region. Beijing has sought to develop new shipping routes in the Arctic…
SHANGHAI (Reuters) -Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stakes comeback in the world’s largest market. But after a year when trends have shifted sharply against the established foreign brands that once dominated in China, executives from…
