European shares slide, oil recovers, merchants await US jobs information

LONDON, August 5 (Reuters) – European stocks fell slightly on Friday but are still set for weekly gains, while traders await US jobs data late in the session to provide clues to the health of the world’s largest economy. The MSCI World Stock Index, which tracks stocks in 47 countries, was up 0.2% and is … Read more

Greenback jumps in opposition to yen as Fed officers trace extra price hikes to come back

NEW YORK, Aug. 2 (Reuters) – The dollar strengthened against the Japanese yen on Tuesday as remarks by U.S. Federal Reserve officials hinted that more rate hikes are imminent in the coming weeks. next time. A trio of Fed officials from across policy suggested Tuesday that they and their colleagues remain firm and united in … Read more

EXCLUSIVE Luxembourg banks ask to freeze Ecuadorian property amid Perenco dispute, paperwork present

Bailiff orders 122 banking institutions operating in Luxembourg to freeze Ecuadorian assets Ecuador to issue Luxembourg-listed bonds in 2020 debt overhaul Some bondholders received interest payments due on July 31 LONDON, Aug. 1 (Reuters) – A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts due to a dispute over … Read more

Ford proclaims sequence of offers to speed up EV

Ford CEO Jim Farley attends the official launch of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan, USA on April 26, 2022. REUTERS / Rebecca Cook / File Photo Sign up now for FREE unlimited access to Register DETROIT, July 21 (Reuters) – Ford … Read more

Tesla income prime goal; Musk sees no drawback with demand

The Tesla logo is seen in Los Angeles, California, U.S., January 12, 2018. REUTERS / Lucy Nicholson Sign up now for FREE unlimited access to Register July 20 (Reuters) – Tesla Inc (TSLA.O) on Wednesday reported a smaller-than-expected drop in quarterly profit as its electric vehicle (EV) price increase streak helped offset manufacturing challenges … Read more

How China turned the zero level for the automotive chip scarcity

TAIPEI/SHANGHAI/SINGAPORE, July 19 (Reuters) – From his small office in Singapore, Kelvin Pang is ready to bet his $23 million payday that the worst chip shortages are not over yet for automakers – at least in China. Pang bought 62,000 microcontrollers, the chips that help control a range of functions from a car’s engine and … Read more

Euro falls to two-decade low as recession fears develop

Euro falls to lowest level since late 2002 Dollar rises on safe-haven demand Yen sinks to near 24-year low again NEW YORK/LONDON, July 5 (Reuters) – The euro fell to a two-decade low on Tuesday as the latest rise in European gas prices added to worries about a regional recession, while safe-haven demand for US … Read more