By Shadia Nasralla LONDON (Reuters) -Oil prices ticked up on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s plunge. But gains were limited as investors remained cautious ahead of key policy decisions by central banks and on weak economic data from China. Brent crude futures climbed 80 cents, or 1.1%, to…
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) -China’s central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, to help restore market confidence and prop up a stalling post-pandemic recovery in the world’s second-largest economy. The cut to the lending rate signals possible easing for longer-term rates over…
TOKYO/SINGAPORE (Reuters) – Toyota Motor has said it is moving toward production of solid-state batteries for the next generation of electric vehicles (EVs), bringing a technology that promises more energy storage and faster charging closer to market. HOW ARE SOLID-STATE BATTERIES DIFFERENT? Solid-state batteries use thin layers of solid electrolytes that carry lithium ions between…
By Rae Wee SINGAPORE (Reuters) – The dollar edged broadly lower on Tuesday but traded in a narrow range, as investors remained cautious ahead of key U.S. inflation data due later in the day just as the Federal Reserve kicks off its two-day monetary policy meeting. In Asia, China’s yuan fell to a six-month low…
A look at the day ahead in European and global markets from Sonali Desai The People’s Bank of China (PBOC) managed to liven up the wait for Tuesday’s highly anticipated U.S. consumer price inflation (CPI) data by lowering a short-term lending rate for the first time in 10 months. Several analysts had been expecting a…
(Reuters) – Intel is in talks with SoftBank Group Corp’s Arm to be an anchor investor in the chip maker’s initial public offering (IPO), a source familiar with the matter told Reuters on Monday. Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, Reuters…
(Reuters) -Oracle on Monday topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI, sending its shares up nearly 4%. Oracle’s push into the cloud computing market has started to bear fruit, helped by its acquisition of electronic medical records firm Cerner last…
(Reuters) – Harley-Davidson said on Monday the motorcycle maker will be running limited motorcycle manufacturing operations at its York facility after being notified of an issue with parts from a third-party supplier. The company said the issue was related to brake hose assemblies provided by a tier-2 supplier, Proterial Cable America, which is a portfolio…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, U.S. markets correspondent Markets face a question heading into Tuesday’s action — will the U.S. inflation report spoil the mood? Asian investors are waking up to another upbeat session in global stock markets. Wall Street’s major averages continued…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar inched higher on Monday, trading in a narrow range as investors remained cautious ahead of several key policy decisions due this week, with the Federal Reserve expected to keep rates on hold for the first time since January 2022. Monetary policy meetings at the Fed, the…