China’s Xpeng sees sales turnaround in second half with new EV model
SHANGHAI (Reuters) -Chinese electric-vehicle maker Xpeng forecast sharp growth in deliveries in the second half of the year thanks to…
EV startup Nikola reports jump in second-quarter deliveries, shares rise
(Reuters) -Nikola said on Wednesday that wholesale and retail sales of its electric vehicles jumped in the second quarter from…
Morgan Stanley cuts oil price forecasts, sees surplus in H1 2024
(Reuters) – Morgan Stanley on Wednesday lowered its oil price forecasts, predicting a market surplus in the first half of…
China’s FX market stable, cross-border flows basically balanced – state media
SHANGHAI/SINGAPORE (Reuters) – Foreign investors were net purchasers of onshore yuan bonds in June, while expectations in China’s foreign exchange…
India cenbank seeks to give customers choice of card network
BENGALURU (Reuters) – The Reserve Bank of India (RBI) on Wednesday asked banks and non-bank lenders to issue credit, debit…
Wall Street wealth helps boost endowments at posh New York City private schools
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The endowments of New York City’s pricey private schools are flourishing thanks to…
Philippine inflation slows in June, supports extended rate pause
By Karen Lema and Enrico Dela Cruz MANILA (Reuters) -Philippine annual inflation eased for a fifth straight month in June,…
Germany’s Scholz hints at more chip investments
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday that he knew of further plans for large investments in…
Inside Ukraine’s tech push to counter Russian ‘suicide’ drone threat
By Tom Balmforth KYIV (Reuters) – In a basement in downtown Kyiv late last month, away from prying eyes, hundreds…
UPS, Teamsters Union contract talks in deadlock
(Reuters) – Parcel delivery firm United Parcel Service Inc and the Teamsters Union on Wednesday accused each other of walking…