By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The dollar was roughly flat in choppy trading on Thursday after the release of the latest Federal Reserve minutes. Details of the disc[...]
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January 5, 2023
China has a 10,000 euro cost advantage in small EVs, auto supplier says
By Joseph White LAS VEGAS (Reuters) – Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less than European automakers, an overwhelming cost advantage that will put[...]
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Morning Bid: Rate cut talk, already!
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Forget peak U.S. interest rates for a minute, markets already want to know when the Federal Reserve will start making cuts[...]
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Tesla’s Dec sales of China-made cars fall to the lowest in five months
SHANGHAI (Reuters) -Tesla Inc delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data from the China Passenger Car Association (CPCA) on Thursday.[...]
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Volvo Cars’ sales rise in December, but down for 2022 amid supply chain headwinds
STOCKHOLM (Reuters) -Sweden-based Volvo Cars said on Thursday its car sales grew in December but fell for the full year due to lockdowns in China, component shortages and other supply chain trouble. V[...]
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Walmart paid most of $1 billion tax for PhonePe shifting base to India
By Nandan Mandayam BENGALURU (Reuters) – Walmart Inc late on Wednesday confirmed that it had already paid the Indian government most of the nearly $1 billion in tax owed after digital payments c[...]
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BOJ’s policy tweak hasn’t led to lending windfall, Mizuho head says
By Ritsuko Shimizu TOKYO (Reuters) – The Bank of Japan’s decision to let long-term rates rise more has not sparked a boom in revenue from lending as the central bank has yet to end its pol[...]
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UK equity funds saw record $10 billion outflows in 2022-Calastone
LONDON (Reuters) – Investors sold a record 8.38 billion pounds ($10 billion) worth of UK-focused equity funds last year, shunning Britain as the country braces for the worst recession among majo[...]
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Exclusive-FTX’s former top lawyer aided U.S. authorities in Bankman-Fried case
By Angus Berwick (Reuters) – FTX’s former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm’s collapse, a source familiar with the[...]
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