BEIJING (Reuters) – Removing all additional tariffs on Chinese goods would benefit China, the United States and the world, China’s commerce ministry said on Thursday, after U.S. Treasury Secretary Janet Yellen said the Biden administration was looking to “reconfigure” tariffs. “We have noticed the recent U.S. remarks on considering cutting additional tariffs on Chinese imports….
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation, leaving markets only to guess the size and speed of policy tightening. With inflation at a record-high 8.1% and broadening quickly, the…
A look at the day ahead in markets from Dhara Ranasinghe. There’s little doubt the European Central Bank will on Thursday confirm it will pull the plug on years of stimulus and is getting ready to hike interest rates for the first time since 2011 to contain record high inflation. Can we move on then?…
By Alun John HONG KONG (Reuters) – The yen dropped to a new 20-year low versus the dollar on Thursday, and the euro inched higher ahead of a highly-anticipated meeting of the European Central Bank, which should offer insights into its monetary policy tightening plans. The ECB is all but certain to flag an end…
SHANGHAI (Reuters) – Tesla was proceeding with an online hiring event in China on Thursday and added two dozen new job postings for the country, a week after Elon Musk threatened job cuts at the electric car maker and said the company was “overstaffed” in some areas. Tesla plans to hold the event online starting…
By Nia Williams and Arathy Somasekhar (Reuters) – After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a “North American” grade, moving in tandem with U.S. sour crudes sold on the Gulf Coast after Enbridge Inc expanded its Line 3 pipeline late last year….
(Reuters) – General Motors Co (GM) will begin production of its Chevrolet Tracker SUV in Argentina next month, the U.S. automaker and the Argentine government said Wednesday. Shilpan Amin, a GM senior vice president and president of GM Internationational, discussed production plans with Argentine President Alberto Fernandez in a meeting in Los Angeles, GM and…
By Diane Bartz and David Shepardson WASHINGTON (Reuters) – The chair of the Federal Trade Commission (FTC) said concerns raised by lawmakers about Tesla Inc’s driver assistance system known as Autopilot are “on our radar.” Following agency policy, FTC Chair Lina Khan, speaking in an interview on Tuesday, would not confirm nor deny a probe….
By Harish Sridharan (Reuters) – Shares of Australia’s “Big Four” banks fell further on Thursday to hit multi-month lows, as the central bank’s largest interest rate hike in 22 years earlier this week sparked fears of a sell-off in the housing market. These concerns have begun to grow as home prices snapped a 20-month winning…
By Andrew Galbraith SHANGHAI (Reuters) – Asian stocks fell, U.S. bond yields rose and a soaring dollar pushed to a two-decade high against the yen on Thursday as investors worried about the outlook for more rate rises ahead of a key meeting of the European Central Bank later in the day. But before the meeting,…
