By Akash Sriram (Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sa[...]
Read more
January 3, 2024
Tesla’s China-made EV sales jump 68.7% y/y in December
BEIJING (Reuters) – U.S. automaker Tesla sold 94,139 China-made electric vehicles (EVs) in December, a 68.7% increase from a year earlier, China Passenger Car Association (CPCA) data showed on W[...]
Read more
Hyundai Motor, Kia expect auto sales to rise 2% in 2024
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korea’s Hyundai Motor Co and affiliate Kia Corp forecast on Wednesday that their combined global sales will rise about 2% in 2024, even as l[...]
Read more
Ryanair says online travel agents remove flights; sees no impact on profit
DUBLIN (Reuters) -A number of online travel agents stopped selling Ryanair flights in early December following legal and regulatory pressure, but the move is not expected to materially affect full-yea[...]
Read more
Foreign funds accelerated China equity sell-off in December -Morgan Stanley
By Summer Zhen HONG KONG (Reuters) – Global long-only funds offloaded China equities at the fastest pace of 2023 in December as they rushed to meet redemption requests and to diversify away from[...]
Read more
Exclusive-China’s top banks tighten exposure to smaller peers to curb credit risk, sources say
(Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to[...]
Read more
China money managers rush to create funds tracking new A50 index
SHANGHAI (Reuters) – Chinese money managers are rushing to create funds tracking the newly-launched CSI A50 Index, which analysts say is a better reflection of China’s economic landscape a[...]
Read more
Marketmind: Risk rally hits reality check
A look at the day ahead in European and global markets from Ankur Banerjee. The risk rally that has been raging since the Federal Reserve’s dovish tilt in December is pausing for breath as 2024[...]
Read more
China’s BYD to give dealers 2 billion yuan for hitting sales target -sources
SHANGHAI (Reuters) – BYD, which outsold Tesla in electric car sales globally for the first time in the fourth quarter, will hand out rewards totaling billions of yuan to its Chinese dealers, acc[...]
Read more