Today: May 19, 2024
Today: May 19, 2024

Economy

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

HONG KONG (Reuters) -Chinese electric vehicle maker Xpeng said on Friday new U.S. tariffs on Chinese EVs are detrimental to achieving carbon neutrality and green energy transition.

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

Stocks edge up as timing of US rate cuts weighed; copper jumps

By Caroline Valetkevitch NEW YORK (Reuters) -A world stock index rose for a seventh straight session and U.S.

Stocks edge up as timing of US rate cuts weighed; copper jumps

Dow ends above 40,000 milestone, indexes notch up weekly gains

By Chibuike Oguh and Shristi Achar A NEW YORK (Reuters) -The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains,

Dow ends above 40,000 milestone, indexes notch up weekly gains

Global equity funds draw inflows on rate cut hopes, soft US economic data

Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, bolstered by a softer U.S. jobs report and lower-than-expected inflation figures,

Global equity funds draw inflows on rate cut hopes, soft US economic data

German defence industry says it will need government help to reduce dependence on China

German arms producers will need help from the government if they are to reduce their dependency on Chinese materials and still be able to compete with U.S.

German defence industry says it will need government help to reduce dependence on China

Serene euro debt markets still leave ECB queasy :Mike Dolan

By Mike Dolan LONDON (Reuters) -Becalmed by a likely interest rate cut as soon as next month, euro zone government bond markets seem serene - but the European Central Bank continues to fret about

Serene euro debt markets still leave ECB queasy :Mike Dolan

Hedge funds play a weak Japanese yen

Pressure on Japan to prop up a weak yen may have ebbed, but currency weakness remains a headache for Tokyo.

Hedge funds play a weak Japanese yen

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

For the nation’s bicycle shops, the past few years have probably felt like the business version of the Tour de France

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

Protests are planned in Serbia against a real estate project financed by Trump's son-in-law Kushner

Opposition groups in Serbia are planning protests against a real estate development project that will be financed by the firm of Donald Trump’s son-in-law, Jared Kushner, at the site of the former Serbian army headquarters destroyed in a U.S.-led NATO bombing campaign in 1999

Protests are planned in Serbia against a real estate project financed by Trump's son-in-law Kushner

Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

By Yuvraj Malik and Arsheeya Bajwa (Reuters) -Uber Technologies is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of

Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

China's Nio aims to launch one new car model per year under Onvo brand

SHANGHAI (Reuters) -Chinese electric vehicle maker Nio said on Thursday it would launch one new model per year under its lower-priced Onvo brand and price them similarly to gasoline vehicles, as the

China's Nio aims to launch one new car model per year under Onvo brand

UN aid chief warns on Gaza food supplies, says relief work 'unplannable'

By Emma Farge GENEVA (Reuters) -The U.N. aid chief warned on Thursday that famine was an immediate risk in Gaza with food stocks running out, describing fresh challenges since the start of the

UN aid chief warns on Gaza food supplies, says relief work 'unplannable'

China expected to stand pat on lending rates in May

China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference

China expected to stand pat on lending rates in May

IMF to launch new Ukraine mission to review loan, latest economic developments

The International Monetary Fund will start a new Ukraine mission in coming weeks to assess the war-torn country's $15.6 billion loan program and latest economic

IMF to launch new Ukraine mission to review loan, latest economic developments

Walmart's strong forecast signals a resilient consumer

A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key

Walmart's strong forecast signals a resilient consumer

China's BYD postpones plans for 2025 Chile lithium cathode plant

Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in

China's BYD postpones plans for 2025 Chile lithium cathode plant

Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says

(Reuters) -Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to an internal memo, as the company deals with high debt and slowed production at

Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says

Oil, gas groups sue to block US rule raising drilling fees on public lands

Fossil fuel groups have sued the U.S.

Oil, gas groups sue to block US rule raising drilling fees on public lands

US proposes end to federal coal leasing in Wyoming Powder River Basin

The Biden administration on Thursday proposed an end to future coal leasing on federal lands in Montana and Wyoming's Powder River Basin, the nation's most productive coal-producing region

US proposes end to federal coal leasing in Wyoming Powder River Basin

New York's summer average electrical prices expected to drop 3%

The New York State Public Service Commission (NYPSC) on Thursday said that the average electricity prices for full-service residential customers are expected to be lower than last year

New York's summer average electrical prices expected to drop 3%

Buyout firm Roark explores sale of Primrose Schools, sources say

Private equity firm Roark Capital is exploring a sale of Primrose Schools that could value the U.S. education franchise at nearly $2 billion, including debt

Buyout firm Roark explores sale of Primrose Schools, sources say

US FDA approves Amgen drug for small cell lung cancer

The U.S.

US FDA approves Amgen drug for small cell lung cancer

Shanghai eases data-export curbs sought by Tesla, other firms, document shows

SHANGHAI (Reuters) -Shanghai has compiled a list of data that can be transferred overseas without security assessments, according to a government document seen by Reuters, a much anticipated move as

Shanghai eases data-export curbs sought by Tesla, other firms, document shows

GSK raises $1.5 billion from sale of remaining Haleon stake

British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors.

GSK raises $1.5 billion from sale of remaining Haleon stake

China to let local governments buy homes, cut mortgage rates to revive property sector

(Reuters) -China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on

China to let local governments buy homes, cut mortgage rates to revive property sector
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