JPMorgan’s Dimon warns of possible $1 billion Russia loss

Dimon concerned about secondary impact of Ukraine conflict Dimon calls for increased US military presence in Europe Dimon urges revamp of US supply chain Fed rate hikes could be higher than market expectations -Dimon NEW YORK, April 4 (Reuters) – JPMorgan (JPM.N) could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon … Read more

Oil rises above $105 as supply concerns persist

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Iran blames US for halt to Vienna nuclear talks IEA agrees to release more oil Yemen’s warring parties … Read more

Fed’s Williams: Pace of rate increases depends on how economy responds

John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an event in New York, US, November 6, 2019. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register PRINCETON, NJ, April 2 (Reuters) – The Federal Reserve needs to move monetary policy towards a more neutral stance, … Read more

Tesla delivers record vehicles in first quarter; output falls during China shutdown

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, US, April 29, 2016. REUTERS/Lucas Jackson/File Photo Register now for FREE unlimited access to Reuters.com Register April 2 (Reuters) – Tesla Inc (TSLA.O) on Saturday reported record electric vehicle deliveries for the first quarter, largely meeting analysts’ estimates, … Read more

Vietnam’s Vinfast to build $2 bln electric vehicle factory in US

HANOI/SAN FRANCISCO, March 29 (Reuters) – Vietnam’s automaker VinFast said on Tuesday it has signed a preliminary deal to initially invest $2 billion to build a factory in North Carolina to make electric buses, sport utility vehicles (SUVs) along with batteries for EVs . The unit of Vietnam’s biggest conglomerate Vingroup (VIC.HM), said it plans … Read more

Russia steps up economic retaliation with Eurobond ruble buyback offer

A view shows Russian ruble coins in this picture illustration taken October 26, 2018. Picture taken October 26, 2018. REUTERS/Maxim Shemetov Register now for FREE unlimited access to Reuters.com Register Eurobond ruble payment offer revives default fears Moscow does not say if bondholders must take rubles Russia has already demanded gas payments in rubles Move … Read more

Cryptoverse: Buoyant bitcoin helps market cruise past $2 trillion

Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register March 29 (Reuters) – As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2 … Read more

Barclays hit by $590 million loss on product sales blunder

The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, March 28 (Reuters) – British bank Barclays (BARC.L) disclosed on Monday an estimated 450 … Read more

China, US working hard on solution to audit dispute – state media

China’s and US’ flags are seen printed on paper in this illustration taken January 27, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register SHANGHAI, March 27 (Reuters) – Chinese regulators and their US counterparts are working hard to solve an audit dispute affecting US-listed Chinese firms and want to achieve effective … Read more

Inside China’s electric drive for swappable car batteries

DETROIT/BEIJING, March 25 (Reuters) – A year ago Tesla dismissed the alternative path of electric car battery swapping as “riddled with problems and not suitable for widescale use”. It seems Beijing disagrees. In fact, China is pushing hard for swappable batteries for electric vehicles (EVs) as a supplement to regular vehicle charging, with the government … Read more