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Mercedez-Benz to deploy advanced automated driving system in Nevada
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Asian stocks edge up before U.S. jobs data, defying Wall Street selloff
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Germany’s BaFin tells Eurex Clearing, Clearstream to clean up organisational deficiencies
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Geely’s EV brand Zeekr aims to double sales in 2023, expand in Europe
Stocks sag as hawkish Fed cools China rally; awaits US jobs data
Date: January 5, 2023
By Koh Gui Qing NEW YORK (Reuters) -U.S. stocks sank on Thursday and brought to a halt a rally in global stocks, as upbeat American jobs data after the Federal Reserve’s firm message that it will not be cutting interest rates any time soon offset China’s latest reopening plans. News that China’s mainland border with...
Credit Suisse offers juicy premium to entice investors to new bond
Date: January 5, 2023
By Chiara Elisei (Reuters) -Credit Suisse on Thursday sold a 500 million pound ($595 million) senior unsecured bond maturing in March 2026, according to a lead memo seen by Reuters, in the embattled bank’s latest bid to lure in investors with a juicy premium. The new note, which was sold by the Swiss bank’s operating...
Mercedes to launch vehicle-charging network, starting in North America
Date: January 5, 2023
BERLIN (Reuters) – Mercedes-Benz is poised to invest billions of euros to build 10,000 fast-charging points in North America, Europe and China by 2030, the luxury carmaker said on Thursday. The carmaker will commence construction in North America this year, targeting 2,500 charging points at 400 locations across most U.S. states and Canada by 2027,...
Back to basics: wood-fired oven shields French baker from soaring energy costs
Date: January 5, 2023
By Stephane Mahe Challans, FRANCE (Reuters) – Traditional wood-fired bread-making is helping shield one French baker from sky-rocketing energy costs. Franck Burgaud, who owns the only such bakery in the town of Challans, in western France, had not anticipated the current state of things when he opened 23 years ago. “We chose this way of...
Polish central bank head says interest rates could be cut at end of 2023
Date: January 5, 2023
By Anna Koper WARSAW (Reuters) – Polish interest rates could be cut at the end of 2023, the central bank governor said on Thursday, after policymakers decided to leave the cost of borrowing unchanged as they observe the effects of rate hikes implemented so far. With the main interest rate staying at 6.75% for a...
Warm weather leaves Balkan ski centres empty
Date: January 5, 2023
By Dado Ruvic Fatos Bytyci BJELASNICA, Bosnia/BREZOVICA, Kosovo (Reuters) – Bajazit Alomerovic saw in the New Year in 2022 skiing down the Bjelasnica slopes into the fireworks, an adrenaline boost that made him return this year to the mountain above the Bosnian capital Sarajevo. But due to very warm weather across Europe there is no...