Category: Reuters
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BYD unveils new hybrid tech as battle with gasoline rivals heats up By Reuters
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SHANGHAI (Reuters) – China’s BYD on Tuesday launched the latest version of hybrid technology that improves fuel economy and cost, increasing competition with the likes of Toyota (NYSE:) and Volkswagen (ETR:) which still mainly sells gasoline cars. BYD Chairman Wang Quanfu unveiled the fifth-generation hybrid technology that achieves record-low fuel…
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Dollar loses some ground ahead of key global inflation readings By Reuters
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By Ray Wee SINGAPORE (Reuters) – The dollar fell on Tuesday on a slight rise in risk appetite, but remained in narrow ranges against peers ahead of key inflation data from major economies this week that may guide global interest rate expectations. The euro rose 0.16 percent to $1.0877 despite…
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Canada pledges more visas for Gazans, says it’s ‘horrified’ by Israeli attack in Rafah By Reuters
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By Ismail Shakil OTTAWA (Reuters) – Canada said on Monday it would issue visas to 5,000 residents of the Gaza Strip, more than it initially pledged, and said it was “horrified” by the Israeli air strike on Rafah that caused a fire that killed 45 people. . The visas for…
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Japan, at G7 meet, renews push to keep yen bears in check By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Japan renewed its push to counter excessive decline in the yen at a weekend meeting of Group of Seven (G7) financial leaders, after a recent rise in bond yields to a 12-year high failed to slow the currency’s stubborn decline. . The…
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Argentina’s 300% inflation and propped-up peso spawn Paraguay border ghost town By Reuters
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Written by Daniela DeSantis and Lucinda Elliott NANAUA, Paraguay (Reuters) – Shoppers in Paraguay used to flock in droves to the border town of Nanawa to buy cheap imports from Argentina, where years of weakness in the peso currency have depressed the relative prices of fuel, medicine and groceries smuggled…
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North Korea fires suspected rocket after warning of satellite launch By Reuters
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SEOUL (Reuters) – North Korea fired an unidentified projectile onto a southern road off its west coast on Monday, the South Korean military said, hours after Pyongyang said it would launch a satellite before June 4. The South Korean Joint Chiefs of Staff said that the launch apparently took place…
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Stellantis to announce Italy-produced hybrid version of 500 EV, sources say By Reuters
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MILAN (Reuters) – Fiat owner Stellantis (NYSE:) is expected to announce on Monday a hybrid version of its 500e small electric car that will be produced at its Mirafiori plant in Italy, two sources familiar with the matter said, confirming a report from Automotive. europe news. The announcement is expected…
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Dollar firm ahead of global inflation data By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The dollar got off to a steady start to the week on Monday, with investors focusing on inflation data in the United States, Europe and Japan to guide global interest rate expectations. Searches for “carry” have dominated foreign exchange trading in recent months,…
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Australia’s Lendlease exits offshore markets to focus on local growth By Reuters
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Written by Rishav Chatterjee and Ayushmann Ojha (Reuters) – Australian developer Lendlease will divest from its overseas construction business and release up to A$4.5 billion (US$2.9 billion) of capital to shareholders, putting an end to its international ambitions to shift focus on domestic operations. Lendlease said in a statement on…
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Checking pulse of China profits, eyeing yen action By Reuters
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Written by Jamie MacGyver (Reuters) – A look at the day ahead in Asian markets. Trading volume and activity across Asia on Monday will be among the lightest this year due to public holidays in the US and UK, but markets are open and there is no shortage of releases…
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Companies look to lengthen currency hedges as elections loom, survey shows By Reuters
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(This May 21 story has been corrected to change the company description to “Multi-Dealer Forex Trading Platform” from “Currency Management Company,” in paragraph 2) NEW YORK (Reuters) – Companies are increasingly looking to lock in foreign exchange rates for longer, as they seek to shield profits from potential fallout from…
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Japan issues fresh warning on yen drops, signals readiness to intervene By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Japan is ready to take appropriate market action “at any time” to counter excessive movements in the yen, Japan’s top currency diplomat Masato Kanda said on Friday, issuing a new warning about the chance of a renewed exchange rate. Interference rate. Kanda…
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Hamas fires missiles at Tel Aviv, prompting first sirens in months By Reuters
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Written by Nidal Al-Mughrabi and Emily Rose CAIRO/JERUSALEM (Reuters) – The Islamic Resistance Movement (Hamas) said it fired rockets at Tel Aviv on Sunday, prompting sirens to sound in the Israeli city for the first time in four months, as the Palestinian movement seeks to demonstrate military strength despite… The…
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Dollar down on profit taking but upbeat outlook remains By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar fell against most major currencies on Friday as traders took profits after recent gains, but the US currency remained well positioned to rise further, supported by strong US economic data that pushed markets back on interest rate expectations. Interest…
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G7 reaffirms warning against excess currency volatility in nod to Japan By Reuters
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Written by Laika Kihara STRESA, Italy (Reuters) – Financial leaders of the Group of Seven leading economies reiterated on Saturday their commitment to warning against excessively volatile currency movements, language that Japan sees as a green light for market intervention to halt the currency’s rapid decline. yen. The agreement followed…
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After China drills, Taiwan president again extends goodwill By Reuters
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TAIPEI (Reuters) – Taiwan President Lai Ching-te once again showed goodwill toward China and offered cooperation on Sunday after two days of Chinese war games near the island, saying he looked forward to promoting mutual understanding and reconciliation. China, which claims to democratically rule Taiwan as its own territory, held…
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Mary Poppins songwriter Richard Sherman dies at age 95 By Reuters
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Written by Rich McKay (Reuters) – Richard Sherman (95 years old), the man behind the fame Disney Songs that delighted generations such as “It’s a Small World (After All)” and Mary Poppins’ “Supercalifragilisticexpialidocious,” “Chim Chim Cher-ee” and “Spoon Full of Sugar” died on Saturday. ) the company announced on its…
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Tesla shareholders advised to reject Musk’s $56 billion pay By Reuters
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(Reuters) – Consulting firm Glass Lewis said on Saturday it had urged Tesla (NASDAQ:) shareholders to reject a $56 billion pay package for CEO Elon Musk, which if passed would be the largest pay package for a CEO in corporate America. The report cited reasons such as the “excessive size”…
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Rapper Nicki Minaj cancels show in England after being held at Amsterdam airport By Reuters
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AMSTERDAM (Reuters) – American rapper Nicki Minaj on Saturday canceled a concert in Manchester, England, after she said police detained her at Amsterdam Schiphol Airport over allegations of possession of soft drugs. “Despite Nicki’s best efforts to explore every possible avenue to make tonight’s show happen, today’s events have made…