SAN RAMON, Calif. (AP) — Uber’s ride-hailing service edged closer to returning to its pre-pandemic levels during the final three months of last year, but its prospects remain clouded by the future direction of the novel coronavirus that has plagued its business. The San Francisco-based company’s fourth-quarter results Wednesday came in above analysts’ projections. But…
By Tushar Goenka BENGALURU (Reuters) – India’s retail inflation likely accelerated to 6.0% in January, the upper limit of the Reserve Bank of India’s tolerance band, driven by higher consumer goods and telecom prices along with a comparatively low rate a year ago, a Reuters poll found. Inflation is climbing across the world and India…
WASHINGTON (Reuters) – Toyota Motor Corp said on Wednesday it did not expect its auto plants in Ontario to produce vehicles for the rest of the week, because of supply problems stemming from COVID-19 trucking protests and other factors. “Due to a number of supply chain, severe weather and COVID related challenges, Toyota continues to…
TOKYO (Reuters) – Japan’s core consumer inflation likely slowed in January from the previous month, a Reuters poll showed, reinforcing expectations the country’s central bank will lag well behind other economies in raising interest rates. Separate data is also expected to show Japan likely ran the biggest trade deficit in eight years in January as…
By Florence Tan SINGAPORE (Reuters) – Oil prices were mixed on Thursday, after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors await the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures slid 10 cents, or 0.1%, to $91.45 a…
(Reuters) – Shares of China Evergrande Group were set to open up 1.8% on Thursday after the chairman of the world’s most indebted property developer said it would resume construction fully, and ruled out fire sales. Shares were set to open at HK$1.70, their highest since Jan. 28. That compared to a gain of 0.9%…
By Rowena Edwards LONDON (Reuters) – Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude oil soaring. At a time when global central banks are fretting over inflation rates not…
LONDON (Reuters) – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their ethical and sustainability standards, according to a report from Barclays Corporate Banking. The report, published on Thursday, found that the COVID-19 pandemic and an increasing focus on environment, sustainability…
(Reuters) – Western Digital Corp said on Wednesday certain materials at two of its manufacturing units in Japan, operated by joint-venture partner Kioxia Holdings Corp, were contaminated and will result in reduced availability of flash storage devices. According to the company’s current assessment, there would be a shortage of at least 6.5 exabytes in flash…
By David Lawder WASHINGTON (Reuters) -The Biden administration is considering a new China tariff probe if current talks fail to persuade Beijing to follow through on its promised purchases of U.S. goods, energy and services, officials from the largest U.S. business lobbying group said on Wednesday. The administration is also considering other options, including working…
