By Tristan Veyet (Reuters) -Shares in some of Europe’s biggest automakers dropped on Wednesday on fears of Chinese retaliation after the European Commission said it would impose duties on import[...]
Read more
June 12, 2024
Argentina economy snapshot: central bank dollar buying spree slows
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s central bank has started to put the brakes on its aggressive buying of dollars, a key push to build up reserves under new libertarian P[...]
Read more
Airbus seeks mandatory weekend overtime to catch up on delayed A220 production
By Allison Lampert MONTREAL (Reuters) – Airbus has told workers at its Montreal-area A220 factory that it wants to impose mandatory overtime on weekends to catch up on delayed production of the[...]
Read more
Morning Bid: Can this rally fight the Fed?
By Naomi Rovnick (Reuters) – A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick What a difference half a year makes. Traders started 2024 convinced that th[...]
Read more
Australian wine exports to China rocket after Beijing drops tariffs
CANBERRA (Reuters) – Australian wine makers shipped wine worth A$86 million ($57 million) to China in the month after Beijing lifted tariffs and should be confident of bumper sales going forward[...]
Read more
China ready to defend interests as EU tariffs on EVs loom
BEIJING (Reuters) – China will take all necessary measures to “firmly safeguard” its lawful rights and interests after a newspaper reported that the European Commission would impose[...]
Read more
Euro’s reserve currency role tumbles at expense of dollar, yen, ECB says
FRANKFURT (Reuters) – The share of the euro in foreign exchange holdings tumbled last year at the expense of the dollar and the yen, and further drops are possible whenever Russia becomes free t[...]
Read more
Exclusive-MediaTek designs Arm-based chip for Microsoft’s AI laptops, say sources
By Max A. Cherney TAIPEI/SAN FRANCISCO (Reuters) -Taiwanese chip design giant MediaTek is developing an Arm-based personal computer chip that will run Microsoft’s Windows operating system, accor[...]
Read more
China’s inflation steady, maintains pressure for more stimulus to boost demand
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s consumer inflation held steady in May while producer price declines eased, but the underlying trend suggests Beijing would need to do mor[...]
Read more