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Tuesday, October 1, 2024
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Smaller EV prices to come down as EV sales climb, IEA says

By Victoria Waldersee BERLIN (Reuters) - Nearly one in five cars sold globally this year will be electric, with the prices of smaller EV models dropping to rival those of combustion engine cars in

Oil slides as recession fears offset U.S. inventory draw

By Ahmad Ghaddar LONDON (Reuters) -Oil prices slipped on Wednesday, extending sharp losses from the previous session, even after a report showed that U.S. inventories fell last week, as the market

Dollar higher as banking jitters resurface, euro slips

By Samuel Indyk LONDON (Reuters) - The dollar edged higher as risk sentiment soured in Europe on returning banking worries, while the euro slipped even as policymakers left the door open to a 50 basis

Stocks fall, dollar gains await earnings litmus test

By Amanda Cooper LONDON (Reuters) - Stocks fell on Tuesday, while the dollar got a lift as investors prepared for corporate earnings and macro data this week to paint a clearer picture of the health

Oil edges up on China demand hopes, US inventories in focus

By Alex Lawler LONDON (Reuters) -Oil edged higher on Tuesday, on track for a third day of gains, supported by investor optimism that holiday travel in China would boost fuel demand and by expectations

Hyundai Motor bolsters US presence with $5 billion EV battery venture

By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korea's Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery joint venture in the U.S., boosting

Stocks waver, dollar flat as investors weigh earnings, data

By Xie Yu HONG KONG (Reuters) - Stocks fell broadly and the U.S. dollar also weakened early on Tuesday, reflecting investors' uncertainty in a busy week for corporate earnings and economic data.

Hyundai Motor finalises $5 billion US battery venture, doubles Q1 profit

SEOUL (Reuters) -South Korea's Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery joint venture in the U.S., as it reported first-quarter net profit had more

Cryptoverse: Investors pick their AI race horses

By Lisa Pauline Mattackal (Reuters) - What do you get when you cross cryptocurrencies with artificial intelligence? A seemingly sentient bitcoin that codes itself in the style of Japanese haikus? Alas

Oil prices stable as investors ponder China demand, rate hikes

By Emily Chow SINGAPORE (Reuters) -Oil prices were steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates

On Camera

Lebanon gadget attacks aren’t just a foreign problem—India is at risk too

The entire electromagnetic spectrum, including radio frequencies and the internet, poses potential security risks for India’s defence, scientific, and economic systems.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?