BERLIN (Reuters) – German inflation eased further in the final month of 2022, with consumer prices rising by 9.6% year on year in December in harmonised terms, the federal statistics office said[...]
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January 17, 2023
China aims to stabilise housing prices, strictly curb speculation
BEIJING (Reuters) -China’s housing regulator will work to keep housing supply and demand balanced, make home prices stable and strictly curb speculation, a ministry publication reported on Tuesd[...]
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Indonesia close to EV deals with BYD Group and Tesla – minister
JAKARTA (Reuters) – Indonesia is finalising agreements with China’s automaker BYD Group and U.S. carmaker Tesla to invest in electric vehicle (EV) production facilities in the Southeast As[...]
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ECB must keep raising rates to fight off inflation, Lane says
FRANKFURT (Reuters) -The European Central Bank must raise interest rates to a level that starts to restrict growth and their peak will depend on how the economy responds to the most rapid policy tight[...]
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Apple supplier Foxconn replaces iPhone business chief- Bloomberg News
(Reuters) -Taiwan’s Foxconn has appointed Michael Chiang as the new boss for its iPhone assembly business after a tumultuous year in China, Bloomberg News reported on Tuesday, citing people fami[...]
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Nissan directors endorse steps to reach deal with Renault-sources
By Maki Shiraki TOKYO (Reuters) – A Nissan Motor Co board committee reviewed proposals from Renault SA on Monday and endorsed pressing ahead on final terms for a reshaped alliance with its Frenc[...]
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Marketmind: Ugly duckling
A look at the day ahead in European and global markets from Anshuman Daga While Chinese economic data didn’t come in worse than markets had feared, investors still couldn’t come to terms w[...]
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Evergrande said to propose two offshore restructuring options- Bloomberg News
(Reuters) -Embattled property developer China Evergrande Group has been discussing a restructuring proposal with creditors that includes two options for extending payment deadlines on unsecured offsho[...]
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China’s COSCO SHIPPING Holdings to pay over $800 million for 5.8% stake in COFCO Fortune
BEIJING/HONG KONG (Reuters) – China’s COSCO SHIPPING Holdings has agreed to pay 5.5 billion yuan ($814 million) to buy a 5.8% stake in COFCO Fortune, a food processing and logistics unit o[...]
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