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China December Factory Activity Extends Declines on COVID Surge Caixin PMI

BEIJING, Jan 3 Reuters China39;s factory activity shrank at a sharper pace in December as surging COVID19 infections disrupted production and weighed on demand after Beijing largely removed antivirus curbs, a private sector survey showed on Tuesday. The CaixinMarkit manufacturing purchasing managers39; index PMI fell to 49.0 in December from 49.4 in November. The index […]
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Rupees Threat to Slip below 83USD Likely Nipped by Cenbank

MUMBAI, Jan 3 Reuters The Indian rupee declined against the U.S. currency on Tuesday, fuelled by the dollar39;s surge versus its major peers and importer hedging, though the Reserve bank of India39;s likely intervention kept the drop short of the 83perdollar mark. The rupee closed at 82.8800 per U.S. dollar, down from 82.7375 in the […]
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Sterling Struggles Against Stronger Dollar

LONDON, Jan 3 Reuters Sterling fell against the dollar, which swept higher against a range of currencies on Tuesday, while British manufacturers reported one of the sharpest falls in activity in over a decade. The pound was down 1 to 1.19320, its biggest drop since midDecember, and was 0.1 higher against the euro, trading at […]
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Russian Rouble Slides in First Trade of the Year

The Russian rouble weakened on Tuesday against the dollar and euro in the first session of the year in Moscow amid light trading volumes during public holidays in Russia. At 0705 GMT the rouble slid by 0.4 to the dollar to trade at 70.18 on the Moscow Exchange. Against the euro, the rouble declined 0.6 […]
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European Shares Rise with Focus on German Inflation Data

End to Univar takeover talks lifts Brenntag shares Deutsche Bank sticks to mediumterm targets finance chief Oil stocks lift UK39;s FTSE 100 on first trading day of 2023 STOXX 600 up 1.6 , Germany39;s DAX adds 1.4 Jan 3 Reuters European shares rose on Tuesday as investors awaited consumer prices data from the region39;s largest […]
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Oil Falls as Outlook for China, Global Economy Weigh

LONDON, Jan 3 Reuters Oil prices edged lower on Tuesday in volatile trade as weak demand data from China and a gloomy economic outlook weighed. Brent crude futures fell 1.13, or 1.32, to 84.78 a barrel by 1246 GMT. U.S. West Texas Intermediate crude was down 1.01, or 1.26, at 79.25. Both contracts rose by […]
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SpaceX to Raise 750M at 137B Valuation CNBC

Jan 2 Reuters Elon Musk39;s SpaceX is raising 750 million in a new round of funding that values the rocket and satellite company at 137 billion from investors, including Andreessen Horowitz, CNBC reported late Monday. Reuters had reported in November that SpaceX was in talks about an offering of mostly secondary shares that could value the company at up […]
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S.Korea Fines Tesla for Exaggerating Driving Range of EVs

SEOUL, Jan 3 Reuters South Korea39;s antitrust regulator said it would impose a 2.85 billion won 2.2 million fine on Tesla Inc for failing to tell its customers about the shorter driving range of its electric vehicles EVs in low temperatures. The Korea Fair Trade Commission KFTC said that Tesla had exaggerated the driving ranges of […]
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