By Bansari Mayur Kamdar (Reuters) – Futures tracking the S&P 500 neared record levels on Monday as Wall Street looked to extend a recovery from the pandemic shock into the new year, while shares in heavyweight Tesla jumped after the electric carmaker posted bumper delivery numbers. Tesla’s shares rose 6.9% in premarket trading after the…
OSLO (Reuters) -The sale of electric cars in Norway rose last year by 48%, ensuring that almost two out of every three new automobiles were battery powered and making Texas-based Tesla Inc the top selling brand. Seeking to become the first nation to end the sale of petrol and diesel cars by 2025, oil-producing Norway…
(Reuters) – Tesla Inc’s shares were set to open this year at their highest in about a month after reporting stronger-than-expected quarterly deliveries of its electric cars, allaying fears of supply chain woes that other automakers have struggled with. Shares of the world’s most valuable carmaker were up about 7% at $1,126.5 in premarket trading….
LONDON (Reuters) – The dollar ticked up against its major rivals as an upbeat market mood on Monday lifted European equities and government bond yields for the first day of trading of 2022. But with London, Europe’s main FX trading centre closed for a market holiday, volume was expected to remain limited. While the surge…
By Marc Jones LONDON (Reuters) – World stock markets got 2022 off to a confident start on Monday after their third consecutive year of double-digit gains, while the dollar, oil prices and benchmark government bond yields all made early moves higher. London’s traders were enjoying their final day of festive rest, but mainland Europe saw…
By Alex Lawler LONDON (Reuters) -Oil rose towards $79 a barrel on Monday supported by tight supply and hopes of further demand recovery in 2022 spurred in part by a view that the Omicron coronavirus variant is unlikely to significantly dampen the outlook. Libyan oil output will be cut by 200,000 barrels per day for…
LONDON (Reuters) – Manufacturing activity in the euro zone remained resilient at the end of 2021 as factories took advantage of an easing in supply chain bottlenecks and stocked up on raw materials at a record pace, a survey showed. The global coronavirus pandemic had left factories struggling to get the materials they need and…
By Clare Jim HONG KONG (Reuters) -China Evergrande Group shares will be suspended from trading on Monday pending the release of “inside information”, the embattled property developer said without elaborating. Evergrande, the world’s most indebted developer, is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of international market bonds that…
By Chen Lin SINGAPORE (Reuters) -Singapore’s economy expanded at its fastest annual pace in over a decade in 2021 as the country emerged from its worst recession on record, caused by the deep hit to activity from the coronavirus pandemic. The city-state’s economy grew 7.2% in 2021, preliminary data showed on Monday, broadly in line…
By Scott Murdoch and Joyce Lee HONG KONG (Reuters) -Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest ever initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000…
