A look at the day ahead in U.S. and global markets from Mike Dolan This week’s stream of major macro moments around the world has seen signs of a slight softening of U.S. labor markets go under[...]
Read moreMarch 8, 2024
Nissan may bring ultra-compact EV production in-house from 2028, sources say
By Maki Shiraki TOKYO (Reuters) – Japan’s Nissan Motor may bring production of its ultra-compact electric vehicles in-house, five people familiar with the matter said, emboldened by the su[...]
Read moreBP claws back $2.3 million from former CEO Looney’s 2023 pay
By Ron Bousso LONDON (Reuters) -BP clawed back 1.8 million pounds ($2.3 million) from former CEO Bernard Looney’s 2023 pay package following his dismissal on Dec. 13 for failing to disclose past[...]
Read moreECB policymakers line up behind upcoming rate cut
FRANKFURT (Reuters) – European Central Bank policymakers on Friday lined up in support of an interest rate cut in the coming months as inflation in the euro zone falls faster than they had antic[...]
Read moreChina’s Xpeng’s drone car AeroHT Voyager X2 completes low-altitude flight in Guangzhou city
BEIJING (Reuters) – Chinese EV maker Xpeng’s affiliate, XPENG AEROHT, said on Friday its flying drone car AeroHT Voyager X2 completed a low-altitude flight in the central business district[...]
Read moreAbu Dhabi taps banks for Etihad Airways IPO, Bloomberg News reports
(This March 7 story has been corrected to remove the descriptor of Rothschild & Co in paragraph 2) (Reuters) – Abu Dhabi wealth fund ADQ has chosen advisers, including HSBC Holdings, Citigro[...]
Read moreChina’s February new yuan loans seen retreating from record high
BEIJING (Reuters) – China’s bank lending likely pulled back sharply in February from an all-time high in January due to seasonal factors, a Reuters poll showed, even as the central bank se[...]
Read moreDS Smith shares cheer Mondi’s $6.5 billion bid to create European packaging leader
(Reuters) – Shares in DS Smith rose more than 7% on Friday, a day after bigger rival Mondi made a 5.14 billion pound ($6.58 billion) all-share offer to buy the British paper and packaging group.[...]
Read moreBYD spearheads Chinese electric car push in Australia, a friendlier market
(This March 5 story has been corrected to attribute a prediction to BMI, a unit of Fitch Group, and not Fitch Ratings, in paragraph 25) By Stella Qiu SYDNEY (Reuters) – BYD and other Chinese aut[...]
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