By Koh Gui Qing NEW YORK (Reuters) -U.S. stocks sank on Thursday and brought to a halt a rally in…
Dollar hits four-week high on strong employment data
By Karen Brettell NEW YORK (Reuters) – The dollar index hit a four-week high on Thursday after data pointed to…
Oil rises after U.S. fuel stocks draw down; economic concerns loom
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose around 1% on Thursday after posting the biggest two-day loss for…
Apple supplier Foxconn says output recovering despite revenue fall
By Sarah Wu and Yimou Lee TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday output…
Hess signals Guyana’s 7th oil platform to lift output above 1.2 million boepd
By Sabrina Valle HOUSTON (Reuters) -Hess Corp on Thursday said drilling results expected this month could add a seventh platform…
Got game? Automakers show off in-car entertainment options at CES
By Joseph White and Dawn Chmielewski LAS VEGAS (Reuters) – What started out as a novelty offered by Elon Musk…
Standard Chartered becomes first foreign bank to trade bond futures in China
SHANGHAI (Reuters) – Standard Chartered Plc’s China unit said it had become the first foreign bank to trade treasury bond…
Biggest hedge funds will keep lion’s share of customers in 2023, data shows
By Nell Mackenzie (Reuters) – The top 5% of the world’s hedge fund managers are set to take 80-90% of…
Dell looks to phase out China-made chips by 2024 – Nikkei
(Reuters) -Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount…
China has a 10,000 euro cost advantage in small EVs, auto supplier says
By Joseph White LAS VEGAS (Reuters) – Chinese automakers can build an electric vehicle (EV) for 10,000 euros ($10,618) less…