A look at the day ahead in European and global markets from Ankur Banerjee: Investors are holding back on big bets as COVID curbs in China keep risk appetite in check, while the focus is shifting firm[...]
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November 23, 2022
New Zealand delivers record rate hike, flags 2023 recession
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank on Wednesday hiked interest rates by a record amount and warned the economy might have to spend an entire year in recessio[...]
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Elon Musk names S. Korea among top candidates for EV investment – Yoon’s office
By Soo-hyang Choi and Heekyong Yang SEOUL (Reuters) – Tesla chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in[...]
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European, U.S. demand have become key drivers of metal prices-Trafigura chief
SINGAPORE (Reuters) -Demand from Europe and the United States has become a key driver of global metal prices, along with that from China, as a rise in electrification in those regions boosts appetite[...]
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China approves 20 M&A deals, including INEOS stake buy in Shanghai SECCO Petrochem
BEIJING (Reuters) – China’s market regulator on Wednesday approved 20 merger and acquisition transactions without conditions, including INEOS Co.’s acquisition of Shanghai SECCO Petr[...]
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Berkshire Hathaway sells shares worth $80.7 million in China’s BYD
HONG KONG (Reuters) -Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 3.23 million Hong Kong-listed shares of electric vehicle maker BYD for HK$630.33 million ($80.67 milli[...]
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China automaker BYD says raises prices for some EV models
BEIJING (Reuters) – Chinese automaker BYD Co Ltd said on Wednesday it raised prices for three of its electric vehicle models by 2,000 yuan ($279.86) to 6,000 yuan, citing reasons including risin[...]
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Singapore projects GDP growth to ease in 2023 amid global slowdown
By Chen Lin SINGAPORE (Reuters) -Singapore on Wednesday forecast its economic growth would slow in 2023 amid persistent inflation and global pressures that would hit demand for the city-state’s[...]
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U.S. consumers propel Thanksgiving air travel to highest level in 3 years
By Doyinsola Oladipo and Rajesh Kumar Singh NEW YORK/CHICAGO (Reuters) – U.S. airlines and airports are preparing for a surge in passengers over the Thanksgiving holiday, with the number of trav[...]
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