By Aditi Shah GREATER NOIDA, India (Reuters) -Tata group is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), the chief financial officer of its auto unit told Reuters in an interview. With total sales of 50,000 electric cars to date, India’s Tata Motors dominates the country’s EV …
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By Elizabeth Howcroft LONDON (Reuters) – Illicit use of cryptocurrencies hit a record $20.1 billion last year as transactions involving companies targeted by U.S. sanctions skyrocketed, data from blockchain analytics firm Chainalysis showed on Thursday. The cryptocurrency market floundered in 2022, as risk appetite diminished and various crypto firms collapsed. Investors were left with large …
Crypto crime hits record $20 billion in 2022, report says Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks climbed on Thursday while longer-dated U.S. Treasury yields and the dollar fell after a reading of consumer prices fed expectations the Federal Reserve may have leeway to scale back the size of future interest rate hikes. U.S consumer prices fell in December for …
Stocks rise, dollar stumbles after U.S. inflation data Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices gained about $1 a barrel on Thursday, supported by figures showing U.S consumer prices unexpectedly fell in December and by optimism over China’s demand outlook. The U.S. consumer price index dipped 0.1%, suggesting inflation was now on a sustained downward trend. Top oil importer China is reopening …
Oil up more than 1% on U.S. inflation data, demand optimism Read More »
By John McCrank NEW YORK (Reuters) – The dollar tumbled to a nearly nine-month low against the euro on Thursday after data showed U.S. inflation was easing, prompting bets that the Federal Reserve will be less aggressive with rate hikes going forward. The move lower in the dollar came as the Japanese yen surged, hitting …
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By Seher Dareen (Reuters) – Gold prices rose over 1%, hovering near the $1,900 per ounce pivot on Thursday after data showing signs of cooling inflation in the United States boosted bets for slower rate hikes from the Federal Reserve. U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, …
Gold hovers near $1,900/oz after U.S. inflation data cements Fed slowdown bets Read More »
By William James LONDON (Reuters) -Britain criticised on Thursday what it said was the systematic erosion of freedoms in Hong Kong by the Chinese government and a crackdown on free speech by authorities in the former British colony, drawing an angry response from China. The criticism was contained in the government’s latest six-monthly report on …
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By Michael Holden ABOYNE, Scotland (Reuters) -Britain’s King Charles and Prince William made their first public appearances on Thursday since the release of the monarch’s son Prince Harry’s tell-all memoir and TV interviews in which he made accusations against them and other royals. In his book “Spare”, Harry divulges that he had begged his father …
King Charles, Prince William make first appearances since Harry’s memoir Read More »
NEW DELHI (Reuters) – India’s industrial output rose 7.1% in November compared to the same month a year earlier, data from the Ministry of Statistics showed on Thursday. Analysts polled by Reuters expected a 2.6% increase in November compared to a contraction of 4% in the previous month. (Reporting by Aftab Ahmed; Editing by Toby …
India’s industrial output rose 7.1% y/y in November Read More »
JOHANNESBURG (Reuters) -South Africa’s rand strengthened on Thursday, after U.S. data offered hope inflation was now on a sustained downward trend, potentially allowing the Federal Reserve to slow its policy tightening pace and ease the pressure on global central banks. At 1601 GMT, the rand traded at 16.8350 against the dollar, 0.63% stronger than its …
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