(Reuters) – China Evergrande Group said on Monday its unit has entered into a deal to sell a piece of commercial land in Shenzhen for 7.54 billion yuan ($1.05 billion), as the embattled property[...]
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Asia
Factbox-Big banks see global economy slowing more in 2023, with likely U.S. recession
(Reuters) -The world’s largest investment banks expect global economic growth to slow further in 2023 following a year roiled by the Ukraine conflict and soaring inflation, which triggered one o[...]
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Exclusive-Tesla readies revamped Model 3 with project ‘Highland’ -sources
(Reuters) – Tesla is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the[...]
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WTO says trade growth likely to slow as demand weakens
GENEVA (Reuters) – The World Trade Organization said on Monday that its goods barometer had fallen below trend, indicating that trade growth was set to slow in the closing months of 2022 and int[...]
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Who’s next? Chinese EVs drive Stellantis’ Jeep off the road
By Nick Carey and Giulio Piovaccari LONDON/MILAN (Reuters) – The bankruptcy of Stellantis’ Jeep joint venture in China could spell trouble for other global automakers whose output has plun[...]
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China says it will extend tariff exemptions on some U.S. products
BEIJING (Reuters) – China will extend tariff exemptions on some imported products from the United States until May 31 next year, the finance ministry said on Monday. (Reporting by Beijing newsro[...]
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China’s factory activity contraction likely deepened in Nov on COVID woes: Reuters Poll
BEIJING (Reuters) – China’s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and exports fell despite[...]
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Analysis-Australian buy-now, pay-later sector faces fresh hurdle: regulation
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) – When Melbourne barista Melinda Elliott had to cut back on casual work shifts this year, she asked her buy-now, pay-later (BNPL) provider, After[...]
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Marketmind: Red alert
A look at the day ahead in European and global markets from Anshuman Daga Hopes of a quiet close to the final weeks of 2022 are being firmly squashed as rare, widespread protests across China followin[...]
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