By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets slid toward a second month of losses in a row on Wednesday, and even the glittering Nikkei paused, as weak Chinese factory activity fed growing doubts about the post-pandemic recovery in the world’s second biggest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% in…
By Martin Quin Pollard BEIJING (Reuters) – Tesla Inc CEO Elon Musk kicked off his second day in China with a visit to the country’s commerce ministry on Wednesday morning. A day earlier, he met with Chinese Foreign Minister Qin Gang. He also had dinner with Zeng Yuqun, chairman of CATL, the Chinese battery giant…
By Herbert Lash and Shreyashi Sanyal (Reuters) -Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvidia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion….
SEOUL (Reuters) – South Korea’s factory production and retail sales dropped in April, official data showed on Wednesday, indicating another tough quarter ahead after the economy narrowly averted a recession in the first quarter. The country’s factory output in April fell 1.2% from March, on a seasonally adjusted basis, coming in slightly softer than a…
By David Shepardson WASHINGTON (Reuters) – The White House said on Tuesday that President Joe Biden is withdrawing the nomination of the acting head of the National Highway Traffic Safety Administration (NHTSA) to take the top job on a permanent basis. The White House gave no reason for the move and declined to comment. Ann…
By David Shepardson WASHINGTON (Reuters) -U.S. holiday air passenger travel topped 2019 pre-COVID levels over the Memorial Day weekend, which typically marks the start of the busy U.S. summer air travel season, figures from the U.S. Transportation Security Administration (TSA) showed on Tuesday. The TSA said nearly 9.8 million passengers were screened or passed though…
By Yuvraj Malik, Samrhitha A and Stephen Nellis (Reuters) – Jensen Huang, the chief of chipmaker Nvidia Corp, has joined an elite list of tech executives to head a company worth $1 trillion. Even more unusual is that Huang, 60, is only the second U.S. CEO after Amazon.com Inc’s Jeff Bezos, who helmed the retailer…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support economic growth this quarter. The ebb in confidence reported by the…
By Moira Warburton and David Morgan WASHINGTON (Reuters) -Top congressional Republican Kevin McCarthy on Tuesday urged members of his party to support a bipartisan deal to lift the $31.4 trillion U.S. debt ceiling, ahead of a critical procedural vote. The gatekeeper House of Representatives Rules Committee is due to consider the 99-page bill beginning at…
By Valerie Insinna CHARLESTON, South Carolina (Reuters) – Boeing Co has increased production of its widebody 787 Dreamliner from three to four planes per month as it gets ready to ramp to five a month by the end of the year, a company official said on Tuesday. The U.S. planemaker also plans to add a…
