(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry fighting vehicles, the companies said on Wednesday The order for their joint venture PSM is valued at around 770 million euros ($843.92 million), they said in a joint statement. According to the companies, they will…
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…
(Reuters) – Passenger car registrations in the European Union rose 28.8% in March to more than one million units, the European Automobile Manufacturers Association (ACEA) reported on Wednesday. Battery-electric cars made up 13.9% of new registrations in the EU, up 2.5% from the same month last year. Plug-in hybrids are losing ground in the region,…
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…
By Stefano Rebaudo (Reuters) – European Central Bank officials are still banging the inflation drum and suggesting interest rates must keep rising, but there’s enough nervousness about banks or a possible policy misstep to mean they face an uphill battle convincing markets. Having firmly scaled-back rate expectations amid last month’s market turmoil, investors no longer…
By Lewis Krauskopf NEW YORK (Reuters) – U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already hit by higher interest rates. After slumping 28% last year, the S&P 500 real estate sector has gained about 1% in 2023,…
By Joanna Plucinska LONDON (Reuters) – Strikes across Europe have led to a spike in flight cancellations, delays and driven down bookings to cities like Paris, data from travel firms show, despite efforts by airlines to avoid a repeat of last year’s disruptions. Flight cancellations and delays of over three hours in Europe were up…
A look at the day ahead in European and global markets from Tom Westbrook Traders are scaling back bets on U.S. rate cuts, but dialling up expectations for British hikes. On Tuesday, it was bigger-than-expected pay rises that strengthened expectations for the Bank of England to lift rates next month and to continue doing so…
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…
