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…
Ford reports smaller drop in 2022 U.S. sales as inventory levels improve
(Reuters) – Ford Motor Co on Thursday posted a smaller decline in annual U.S. sales compared to a year earlier,…
Samsung’s quarterly profit set to hit 6-year low as consumers hunker down
By Joyce Lee SEOUL (Reuters) – Samsung Electronics Co Ltd’s quarterly profit will likely plunge 58% to its lowest in…
Tesla, EV rivals absorb costs after China pulls plug on subsidy
SHANGHAI (Reuters) – China’s decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including…
Morning Bid: Rate cut talk, already!
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Forget peak U.S. interest rates for…
India’s FY24 growth to dip to 5.5% from 6.8% in FY23 – HSBC economist
MUMBAI (Reuters) – India’s economy is expected to grow 5.5% in the next financial year, a notch below the expected…
Japan PM Kishida urges faster wage hikes to avoid stagflation
By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida called on Thursday for business leaders to…
BOJ’s policy tweak hasn’t led to lending windfall, Mizuho head says
By Ritsuko Shimizu TOKYO (Reuters) – The Bank of Japan’s decision to let long-term rates rise more has not sparked…