A look at the day ahead in European and global markets from Tom Westbrook Strong business activity indicators in Europe and an unexpected cooling in the U.S. have carried the euro above $1.07. Investo[...]
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April 24, 2024
China’s Huawei launches new software brand for intelligent driving
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) -Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the e[...]
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US new home sales rebound to six-month high; rising mortgage rates a concern
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded in March from February’s downwardly revised level, drawing support from a persistent shortage of pr[...]
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Analysis-China’s EV survival game creates peril – and power
BEIJING (Reuters) – By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking th[...]
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Hong Kong bourse operator’s Q1 profit drops on weaker listings, trading
By Selena Li HONG KONG (Reuters) -Hong Kong’s bourse operator reported a 13% drop in first-quarter profit on Wednesday, as sluggish trading and muted listing activities weighed on its businesses[...]
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Tesla promises ‘more affordable’ cars after shelving all-new Model 2
By Hyunjoo Jin and Akash Sriram (Reuters) -Tesla said on Tuesday it would introduce “new models” by early 2025 using its current platforms and production lines as it retreated from more am[...]
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Toyota’s scandal-hit Daihatsu aims to resume vehicle development this year
By Maki Shiraki TOKYO (Reuters) – Scandal-hit Toyota Motor subsidiary Daihatsu aims to fully resume developing vehicles by as early as the end of this year, the president of the compact carmaker[...]
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Capital A chief Fernandes defers retirement, renews contract for 5 years
By Danial Azhar KUALA LUMPUR (Reuters) -Capital A’s Tony Fernandes said on Wednesday he has agreed to put aside retirement plans and has signed a new five-year contract to continue as chief exec[...]
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Boeing, Spirit agree $425 million deal to address supplier’s issues
(Reuters) – Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation r[...]
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