Chinese automakers to take majority of home market for first time – forecast
(Reuters) – Chinese auto brands are on track to account for just over 50% of the cars sold in their…
Business
Saudi Arabia says new oil cuts show teamwork with Russia is strong
By Ahmad Ghaddar, Alex Lawler and Shadia Nasralla VIENNA (Reuters) – Russia-Saudi oil cooperation is still going strong as part…
Toyota US sales rise in June on strong demand
(Reuters) – Toyota Motor North America, a unit of Toyota Motor Corp reported a rise in U.S. auto sales for…
U.S. factory orders miss expectations in May
WASHINGTON(Reuters) – New orders for U.S.-made goods increased less than expected in May as a surge in civilian aircraft orders…
China’s Xpeng sees sales turnaround in second half with new EV model
SHANGHAI (Reuters) -Chinese electric-vehicle maker Xpeng forecast sharp growth in deliveries in the second half of the year thanks to…
EV startup Nikola reports jump in second-quarter deliveries, shares rise
(Reuters) -Nikola said on Wednesday that wholesale and retail sales of its electric vehicles jumped in the second quarter from…
Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024
(Reuters) – Morgan Stanley on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of…
India cenbank seeks to give customers choice of card network
BENGALURU (Reuters) – The Reserve Bank of India (RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit…
Wall Street wealth helps boost endowments at posh New York City private schools
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The endowments of New York City’s pricey private schools are flourishing thanks to…
Philippine inflation slows in June, supports extended rate pause
By Karen Lema and Enrico Dela Cruz MANILA (Reuters) -Philippine annual inflation eased for a fifth straight month in June,…