By Mayela Armas CARACAS (Reuters) – Credit cards are becoming increasingly useless in Venezuela because of high inflation and government restrictions, hurting people already struggling to meet d[...]
Read more
February 13, 2023
In China, Tesla could win electric vehicle price battle – but lose the war
SHANGHAI (Reuters) -Slashed prices have given Tesla’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs to up its long-term game to avoid choking on the dust of fast-[...]
Read more
Europe’s Spend on Energy Crisis Nears 800 Billion Euros
By Kate Abnett BRUSSELS (Reuters) – European countries’ bill to shield households and companies from soaring energy costs has climbed to nearly 800 billion euros, researchers said on Monda[...]
Read more
Thai finance minister says pace of monetary tightening ‘reasonable’
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) -Thailand’s economy could grow faster than forecast this year as a revival in tourism quickens, while the pace of monetary tighteni[...]
Read more
Kenya’s president picks banker for deputy cenbank governor – senate document
NAIROBI (Reuters) – Kenya’s President William Ruto has nominated Susan Koech, a career banker who has also served in top government posts, to be the second deputy governor of the central b[...]
Read more
Toyota to ramp up on batteries, keep its options open, new CEO says
TOKYO (Reuters) – Toyota Motor Corp will ramp up its battery-electric offerings by focusing on its Lexus luxury brand, its incoming chief executive said on Monday, but the company will not devia[...]
Read more
Global investors losing appetite for Chinese government bonds
(This Feb. 10 story has been corrected to change the Chinese bond index name in paragraph 10.) By Summer Zhen HONG KONG (Reuters) – Global investors are reducing their holdings of Chinese govern[...]
Read more
Singapore’s DBS profit jumps two-thirds, CEO sees rate rises moderating
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -DBS Group, which has seen its net interest margins hit highs for the decade on rising interest rates, expects rates to moderate, its chief exe[...]
Read more
Marketmind: Is it a bird?
A look at the day ahead in European and global markets from Tom Westbrook A flying octagon was the fourth object to be shot down over North America by a U.S. missile in little more than a week. Offici[...]
Read more