By Haripriya Suresh, VarunVyas Hebbalalu and Aditya Kalra BENGALURU/NEW DELHI (Reuters) -A rags-to-riches tale, Vijay Shekhar Sharma is no stranger to controversy. Now, India’s startup king face[...]
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February 4, 2024
Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown
By Daniel Leussink and Abhirup Roy TOKYO/SAN FRANCISCO (Reuters) -When Tony Le set out with his wife to buy a new car last year, he looked at Tesla and other all-electric models. In the end, the 37-ye[...]
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Marketmind: Battling between US optimism, China pessimism
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. A wave of economic data from the Asia & Pacific region hits local markets on Monday, as investors get their first chan[...]
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Turkey’s new central bank head plans tight monetary policy until inflation curbed
ANKARA (Reuters) – Turkey’s newly appointed central bank governor Fatih Karahan said on Sunday that his team is determined to maintain tight monetary policy until inflation falls to levels[...]
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Chinese turn U.S. embassy post into ‘Wailing Wall’ for stock plunge
BEIJING (Reuters) – Many Chinese are venting their frustration at the slowing economy and the weak stock market in an unconventional place: the social media account of the U.S. Embassy in Beijin[...]
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Scorching US economy throws off market’s Fed cut narrative
By Lewis Krauskopf NEW YORK (Reuters) -Robust U.S. economic data is confronting investors with an unexpected question: whether strong growth can keep driving stocks higher even if the Federal Reserve[...]
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Former Swiss finance minister defends role in Credit Suisse collapse
ZURICH (Reuters) – A temporary nationalisation was never a realistic option for embattled Swiss lender Credit Suisse, former finance minister Ueli Maurer told Swiss newspaper SonntagsZeitung, de[...]
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Foxconn sees ‘slightly better’ 2024, warns on AI chip shortage
TAIPEI (Reuters) – Taiwan’s Foxconn, Apple’s biggest iPhone assembler and the world’s largest contract electronics maker, expects its business this year to be “slightly b[...]
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Australia releases preferred option on pollution rules to boost EV uptake
SYDNEY (Reuters) – Australia on Sunday released a “preferred model” for new standards on vehicle emissions as the country moves closer to finalising rules to boost uptake of electric[...]
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