(Reuters) – Workers from Tesla’s Shanghai factory have taken the unusual step of posting on social media to appeal to Elon Musk and the Chinese public after being told over the weekend that a performance bonus had been cut. Here are key facts about Tesla’s operation in Shanghai: BACKGROUND Tesla’s Shanghai plant, which began operations…
(Refiles to add full name, company details in par 16) By Stella Qiu and Byron Kaye SYDNEY (Reuters) – When China ended a lengthy border closure in January, e-commerce marketer Tianni Ren immediately began planning a team building trip for her 14 staff to Australia, hoping to see its stunning pink salt lakes that had…
By Howard Schneider and Balazs Koranyi WASHINGTON (Reuters) – Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation, but the endgame remains far from clear as price increases prove harder to slow than expected, and analysts caution that financial markets could still break along the way….
By Lucy Craymer WELLINGTON (Reuters) – New Zealand food prices surged in March as flash floods and a cyclone this year jacked up fruit and vegetable prices, with economists expecting first quarter inflation data due later this week to keep the central bank on its policy tightening path. The Reserve Bank of New Zealand (RBNZ)…
SYDNEY (Reuters) – Australia’s Treasurer on Monday said he was close to announcing details of a wide-ranging review into the country’s central bank which would require legal changes for some steps, underlining the scope of the shake-up. Treasurer Jim Chalmers said the independent review had provided 51 recommendations for changing how the Reserve Bank of…
By Dhara Ranasinghe, Samuel Indyk and Alun John LONDON (Reuters) -European equity markets are basking in a glow that even greater uncertainty unleashed by turmoil in the banking sector appears not to be able to dim. Having started the year on a strong footing as the energy crisis abated and China’s economy reopened from COVID-related…
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a careful start to the week in Asia with stocks and bonds little changed and the dollar holding most of Friday’s bounce. The caution is understandable given the week holds updates on Chinese economic growth and global…
By Leika Kihara WASHINGTON (Reuters) – Japan’s new central bank Governor Kazuo Ueda gave a clear message to policymakers gathered for global finance meetings here over the last week: The country will remain a dovish outlier by keeping interest rates ultra-low – at least for now. Since taking the helm a week ago, Ueda has…
(Reuters) – Global miner BHP Group Ltd said on Monday the Federal Court of Australia had approved its A$9.6 billion ($6.44 billion) takeover of OZ Minerals Ltd. The court approval follows overwhelming support from OZ Minerals shareholders for the deal, which is the third largest in global mining in recent months. Shares of the Australian…
SEOUL/TOKYO (Reuters) – South Korea and Japan’s finance ministers will hold a bilateral meeting early next month for the first time in seven years, heralding closer cooperation in economic policy that has been hampered by diplomatic conflict. South Korean Finance Minister Choo Kyung-ho told reporters during a visit to the United States that he has…
