May 31 (Reuters) – Lucid Group (LCID.O) said it expected to raise around $3 billion through an equity offering, nearly two-thirds of which would come from the Public Investment Fund ( PIF) of Saudi Arabia, sending shares of the luxury electric-vehicle maker down 9% after market hours. PIF, which owns more than 60% of the … Read more
BENGALURU, May 31 (Reuters) – U.S. home prices will fall less than expected this year before stagnating in 2024, despite widespread expectations interest rates will stay higher for longer, real estate analysts polled by Reuters. Even as the US Federal Reserve embarked on its most aggressive tightening cycle in four decades, average home prices fell … Read more
The manufacturing PMI drops unexpectedly Non-manufacturing PMI drops, showing slowdown in services PMI indices show that the economic recovery is running out of steam Markets skid on weak PMI BEIJING, May 31 (Reuters) – Chinese factory activity contracted faster than expected in May due to weaker demand, putting pressure on policymakers to shore up an … Read more
(1/8) Colombian President Gustavo Petro, Bolivian President Luis Arce, Brazilian President Luiz Inacio Lula da Silva, Argentinian President Alberto Fernandez and Chilean President Gabriel Boric hold hands as they pose during the South American Summit at Itamaraty Palace in Brasilia, Brazil on May 30 Learn more BRASILIA, May 30 (Reuters) – Divergent views on Venezuela … Read more
BEIJING, May 30 (Reuters) – A private jet used by Tesla Inc (TSLA.O) CEO Elon Musk has arrived in Beijing, a Reuters witness said. Musk is expected to meet senior Chinese officials and visit Tesla’s factory in Shanghai, sources said, in what would be his first trip to China in three years. Tesla did not … Read more
(1/5) Wang Chunxiang waits for customers as she sells steamed sweet rice cake on a wheeled cart among other street vendors in Shanghai, China May 21, 2023. REUTERS/Nicoco Chan SHANGHAI/BEIJING, May 30 (Reuters) – Wang Chunxiang pushes a cart through busy Shanghai, playing cat and mouse with authorities as she tries to sell pastries. The … Read more
May 29 (Reuters) – Oil prices held steady on Monday after U.S. leaders reached a tentative debt ceiling deal, perhaps averting a default in the world’s biggest oil-consuming economy, but concerns about further interest rate hikes limited gains. Brent crude futures fell 20 cents, or 0.2%, to $76.75 a barrel at 10:55 GMT, while U.S. … Read more
Asian scholarships: Nikkei jumps 1% to new 33-year high as US futures rise The dollar remains high and hits a 6-month high against the yen Closure of Treasury treasuries, rise in oil prices Markets return to price of Fed rate hike next month SYDNEY, May 29 (Reuters) – Asian stocks and Wall Street futures rose … Read more
BEIJING, May 29 (Reuters) – Chinese Commerce Minister Wang Wentao has urged Japan to suspend controls on semiconductor exports, calling it a “wrongdoing” that “seriously violates” economic rules and international trade, said a statement from his ministry on Monday. China’s latest condemnation of the export restrictions came during Wang’s talks with Japanese Commerce Minister Yasutoshi … Read more
(1/2) A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. REUTERS/Murad Sezer/Illustration LONDON, May 28 (Reuters) – The Turkish lira slipped to a new record low against the dollar as President Tayyip Erdogan claimed victory in the country’s presidential election on Sunday, … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BYLCZXISG5K5VOMXGAVTYCAP4M.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/463BGOA6LVL5RAPKV2UP7CLU2E.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/J7JCCYQUHJMCJG2OPOLHFBIQWQ.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/EGWMCLBABNJDXE4SF7HXEWDBJI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/7GM3NH7HC5KWBNFTFIVT3LPSDE.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/DULOIHIQNFNSHHJHC6LOOEOJBU.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/YRQDXXGM7RLAHCZFNMNTUD6WSQ.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BEMCI6XVDFN7JD4OZTKI7CZ3UY.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/XLKYV3GBCVJEZP2VQUBZ4JXH3I.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5HWAVD7CBNMZNISNPNCBIVRZHU.jpg?ssl=1)