By Jamie McGeever ORLANDO, Florida (Reuters) -Markets are struggling to disentangle their assumption the Federal Reserve will quickly reverse its final rate rise within months from anxiety around a summer debt ceiling showdown – and suspect rates pricing may be skewed by the latter. Policymakers have indicated, via their median ‘dot plot’ projections and public…
By Farah Master HONG KONG (Reuters) -Western media reports on China’s population being overtaken by India deliberately ignores China’s development, using the topic to “bad mouth” it and advocate decoupling, state broadcaster CCTV said on Thursday. CCTV’s sharply worded commentary said the subtext from Western media in recent years was that China’s development was in…
By Supantha Mukherjee STOCKHOLM (Reuters) -Nokia on Thursday reported operating profit below market expectations for the first quarter and the Finnish company said it was seeing signs of customer spending slowing down. However, it kept its full-year outlook unchanged and said it expects profitability in the second half of the year to be stronger than…
By Jane Lanhee Lee OAKLAND, California, (Reuters) -Chip manufacturer GlobalFoundries Inc said on Wednesday it had filed a lawsuit against International Business Machines Corp, accusing it of unlawfully sharing confidential intellectual property and trade secrets. New York-based GlobalFoundries said in its complaint that IBM had shared IP and trade secrets with Rapidus, a new state-backed…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s export growth slowed in March, dragged down by a drop in China-bound shipments of cars and steel in a slide that underscores concern about slackening global demand amid higher interest rates and Western banking-sector jitters. Import growth outpaced exports in March, due to the hefty cost of coal, crude…
MEXICO CITY (Reuters) -Ukrainian President Volodymyr Zelenskiy will address Mexican lawmakers on Thursday by video, the lower house of Congress said, as he seeks support in his country’s war with Russia. The Mexican government has said it wants to remain neutral in the conflict, and some supporters of Ukraine have criticized leftist President Andres Manuel…
SHANGHAI/BERLIN (Reuters) -German automakers have turned up in full force at Shanghai’s Auto Show as they fight to stay on top of consumer trends in the country that will define whether they maintain their market dominance in the electric age both at home and abroad. Their heavy presence – with the entire board of Volkswagen…
By Akash Sriram and Hyunjoo Jin (Reuters) – Tesla Inc boss Elon Musk on Wednesday doubled down on the price war he started at the end of last year, saying the electric vehicle (EV) maker would prioritize sales growth ahead of profit in a weak economy. The company posted its lowest quarterly gross margin in…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it’s facing due to aggressive price cuts. “I hesitate to say this but I think we’ll do it…
By Brendan O’Brien (Reuters) -Three Alabama teenagers have been taken into custody and charged with murder in last week’s shooting at a “Sweet 16” birthday party that left four dead and 32 wounded, state police said on Wednesday. Two suspects – Ty Reik McCullough, 17, and Travis McCullough, 16 – both from Tuskegee, were arrested…
