HAMBURG (Reuters) – Volkswagen is still hashing out where to build its first large battery cell factory outside Europe, a spokesperson for the company said on Friday. “We are still working hard to find a suitable location for our first gigafactory in North America and are in good, constructive talks,” the spokesperson said, adding no…
By Jessie Pang and Joyce Zhou (Reuters) -Hong Kong’s Greater Bay Airlines (GBA) announced on Friday an order for 15 Boeing 737-9 airplanes, according to a company statement, with these planes to be gradually added to GBA’s fleet between 2024 and 2027. The statement was issued ahead of a signing ceremony in Hong Kong between…
By Sudip Kar-Gupta PARIS (Reuters) -Wall Street bank Morgan Stanley on Friday raised its forecast for the European Central Bank’s (ECB) so-called terminal rate – the level to which it believes the ECB’s key interest rate will rise – to 4% as inflationary pressures weigh on the euro zone. “Following material revisions to our inflation…
By Davide Barbuscia NEW YORK (Reuters) – U.S. firm Capital Group, one of the world’s largest investment management companies which manages about $2.2 trillion in equity and fixed income assets, said the beating that markets took last year made it more bullish on long-term stock and bond returns. “After a tumultuous year that saw double-digit…
By Sudarshan Varadhan and Muyu Xu SINGAPORE (Reuters) -Oil prices fell on Friday, but were poised for a weekly gain as renewed optimism on China’s demand recovery over-rode recession worries brought by growing crude inventories in the U.S. and tightening monetary policy in Europe. Brent crude futures fell 31 cents, or 0.4%, to $84.44 a…
BEIJING (Reuters) – Activity in China’s services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 55.0 in February from…
By Julie Zhu HONG KONG (Reuters) – Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China. Global markets have been buffeted by a raft of strong U.S. data over…
By Scott Murdoch SYDNEY (Reuters) -GQG Partners Inc’s Australian-listed shares fell by as much as 3% on Friday after the international investment firm pumped $1.87 billion into four companies under embattled Indian conglomerate Adani Group. The Florida-based firm bought 3.4% of Adani Enterprises Ltd for about $662 million, 4.1% of Adani Ports and Special Economic…
By Katherine Masters NEW YORK (Reuters) -Major U.S. retailers including Best Buy, Walmart and Amazon are increasing their offerings of healthcare and health-related products as inflation-wary Americans shift more of their budgets to services and away from goods. Electronics retailer Best Buy recently kicked off a partnership with Atrium Health, part of Advocate Health, one…
By Kanishka Singh and Susan Heavey WASHINGTON (Reuters) -The U.S. government on Thursday called on companies to ensure they comply with Russia-related sanctions imposed after Moscow’s invasion of Ukraine, warning that a failure to do so could lead to potential prosecution or enforcement actions. Businesses should be aware of tactics being used to skirt restrictions…
