Exclusive: Tesla makes China boss highest-profile executive after Musk
Tesla Inc’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
Bank of Japan makes surprise policy tweak
The Bank of Japan has slightly loosened the shackles on its 10-year yield target and said it will review the operation of its yield-curve control policy, surprising financial markets and sending the yen sharply higher.
Analysis: The hardest part is yet to come for gas-hoarding Europe
Europe faces a much tougher task to rebuild gas stocks next year compared with this winter, meaning energy bills are likely to stay high and governments could have to implement painful rationing measures they have so far avoided.
Exclusive: Air India nears historic order for up to 500 jets
Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.
Analysis: Investors face dilemma as capital increases fill IPO void
Investors in European companies are being asked to plough money into a series of capital hikes as cash-hungry companies, including Swiss lender Credit Suisse , look to equity markets to repair their balance sheets and fund costly turnarounds.
Oil rises as Saudi comments outweigh recession concerns
Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing global recession worries and concern about China’s rising COVID-19 case numbers.
Chinese carmakers target more European sales with five-star EVs
Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more affordable cars that come with top safety ratings and lots of high-tech features.
Exclusive: Temasek considers sale of Advanced MedTech, likely valued at about $1 bln – sources
Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds.
Goldman Sachs promotes 80 people to elite partner rank
Goldman Sachs Group Inc promoted 80 bankers as partners of the storied Wall Street firm, up from 60 people in 2020, the company said in a statement on Wednesday.
Sony hikes FY profit forecast by 4.5% on foreign exchange boost
Sony Group Corp hiked its full-year operating profit forecast on Tuesday by 4.5% to 1.16 trillion yen ($7.84 billion) as the boost from foreign exchange fluctuations at units including the music business offset gaming weakness.
