Shanghai auto show crowds flock to BYD’s Seagull
(Reuters) – At the Shanghai auto show this week, the largest crowds can be found around an unassuming, bright yellow…
Analysis-Planemakers talk up ‘surge capacity’ amid industrial woes
(Reuters) – Planemakers have signalled a shift in production strategy to make factories more resilient to recent supply disruptions by…
TSMC seeks up to $15 billion from US but objects to certain conditions- WSJ
(Reuters) – Taiwan Semiconductor Manufacturing Co Ltd is pushing back on some of the conditions the United States has attached…
Stocks ease, dollar perks up as focus returns to Fed and inflation
(Reuters) – Global stocks eased on Wednesday, while the dollar pulled further above last week’s one-year lows, as investor focus…
Mercedes includes buyback option as Russian assets sale given official approval
(Reuters) – Mercedes-Benz has agreed on a buyback option for its Russian assets, the sale of which has now been…
Japan’s SMFG is first global bank to sell AT1 bonds since C. Suisse wipeout
(Reuters) -Japan’s Sumitomo Mitsui Financial Group (NYSE:SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global…
Oil dips as potential Fed rate hike overshadows falling stocks
(Reuters) -Oil dropped on Wednesday as the market weighed potential interest rate hikes from the U.S. Federal Reserve that could…
Gold edges lower as markets seek clarity on Fed rate hikes
Gold prices fell slightly in Asian trade on Wednesday, but hovered around key levels as markets awaited more cues on…
Glencore raises pressure on Teck Resources with promise of higher bid
(Reuters) -Glencore has told Teck Resources (NYSE:TECK) shareholders it is willing to improve its $22.5 billion takeover offer, raising the…
Rheinmetall and KMW to upgrade Puma armoured vehicles for German army
(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry…