CARM

Germany plans to toughen rules for companies heavily dependent on China

Germany plans to toughen rules for companies heavily dependent on China

BERLIN, Nov 19 (Reuters) – Germany’s foreign ministry plans to toughen rules for companies with high exposure to China, requiring them to disclose more information and possibly conduct stress tests for geopolitical risks, according to a confidential draft document viewed by Reuters. The proposed measures are part of a new trade strategy towards China drawn …

Germany plans to toughen rules for companies heavily dependent on China Read More »

Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources

Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources

SHANGHAI, Nov 11 (Reuters) – Tesla (TSLA.O) is considering exporting Chinese-made electric cars to the United States, two people with knowledge of the planning told Reuters, a reversal that would reflect the growing cost advantage automaker at its Shanghai plant and slowing demand from Chinese consumers. Tesla has been investigating whether parts made by its …

Exclusive: Tesla plans to export Chinese-made electric vehicles to US sources Read More »

Cryptoverse-Elon Musk releases the bird and the dog coin flies

Cryptoverse-Elon Musk releases the bird and the dog coin flies

SINGAPORE, Nov 8 (Reuters) – This is no joke. Elon Musk’s acquisition of Twitter has put a new wind in the sails of dogecoin, the same cryptocurrency he catapulted to fame. Dogecoin’s price doubled after tycoon Tesla closed the $44 billion deal. It was trading at around $0.07 on October 27 before Musk tweeted “the …

Cryptoverse-Elon Musk releases the bird and the dog coin flies Read More »

Japanese factory output falls for the first time in four months as companies battle rising costs

Japanese factory output falls for the first time in four months as companies battle rising costs

September production falls 1.6% m/m from forecast -1.0% Automotive production down 12.4% m/m, the biggest drop since January Global slowdown a downside risk for production – METI official September retail sales post year-over-year increase for seventh month TOKYO, Oct 31 (Reuters) – Japanese industrial production fell in September for the first time in four months …

Japanese factory output falls for the first time in four months as companies battle rising costs Read More »

Intel's Mobileye unit valued at $22 billion as shares rise

Intel’s Mobileye unit valued at $22 billion as shares rise

Oct 26 (Reuters) – Shares of Mobileye Global Inc (MBLY.O) rose 30% in the early afternoon on Wednesday after its U.S. debut, valuing Intel Corp’s standalone technology unit ( INTC.O) to $21.8 billion as investors swallowed what could be the last major IPO of 2022. The debut comes after a turbulent period when Mobileye settled …

Intel’s Mobileye unit valued at $22 billion as shares rise Read More »

GM's strong third-quarter results allay investor fears of slowdown

GM’s strong third-quarter results allay investor fears of slowdown

DETROIT, Oct 25 (Reuters) – Investors cheered a strong third quarter at General Motors Co (GM.N) as the automaker’s performance and confidence eased growing fears of a global recession. GM shares jumped more than 5% in premarket trading on Tuesday as strong sales and prices of the company’s North American trucks drove higher quarterly profit …

GM’s strong third-quarter results allay investor fears of slowdown Read More »

Tesla shares skid after Musk flag recession in China and Europe

Tesla shares skid after Musk flag recession in China and Europe

Oct 20 (Reuters) – Shares of Tesla Inc (TSLA.O) fell on Thursday, a day after chief executive Elon Musk said it was “a little more difficult” for the electric vehicle maker to collect the demand in the face of a global weakening. economy. At least six brokerages lowered their price targets on the stock, with …

Tesla shares skid after Musk flag recession in China and Europe Read More »

Wall St Week Ahead As US markets turn, some are sticking to the rare winner of 2022: energy stocks

Wall St Week Ahead As US markets turn, some are sticking to the rare winner of 2022: energy stocks

NEW YORK, Oct 14 (Reuters) – Heartbreaking market volatility and attractive valuations are prompting some investors to maintain their bullish view on energy stocks, one of the few bets to thrive in an otherwise trying year. It’s not an easy call. The S&P 500 energy sector is already up around 48% this year and tighter …

Wall St Week Ahead As US markets turn, some are sticking to the rare winner of 2022: energy stocks Read More »

Renault and Nissan in talks that could reshape the automotive alliance

Renault and Nissan in talks that could reshape the automotive alliance

The best performing Renault share in the CAC-40 index Discussions expected to continue ahead of investor presentation PARIS/TOKYO, Oct 10 (Reuters) – Renault (RENA.PA) and Nissan (7201.T) said on Monday they were in talks on the future of their alliance, including the Japanese automaker considering investing in a new electric vehicle venture by its French …

Renault and Nissan in talks that could reshape the automotive alliance Read More »