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BMW starts production at new $2.2 billion China plant to ramp up EV output
SHANGHAI (Reuters) - Germany's BMW said on Thursday that production has formally begun at a new plant in China with an investment of 15…
Oil slumps by more than $5 as Biden expected to cut U.S. fuel cost
By Shadia Nasralla(Reuters) - Oil prices tumbled by more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to cut…
Australia’s central bank flags more hikes as rates still ‘very low’
SYDNEY (Reuters) - Australia's top central banker on Tuesday flagged a lot more policy tightening ahead as rates were still "very low" and…
Crypto industry fears contagion as bitcoin slips under $20,000
By Alun John and Elizabeth HowcroftLONDON/HONG KONG (Reuters) - The cryptocurrency industry was on edge on Monday as bitcoin struggled…
Asian shares up after Fed lifts rates to tame inflation
By Andrew GalbraithSHANGHAI (Reuters) - Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the…
Bitcoin tumbles as crypto sell-off accelerates
By Tom WilsonLONDON (Reuters) - Bitcoin tumbled on Wednesday to a new 18-month low, dragging smaller tokens down with it and spurring a…
Crypto contagion fears spread after Celsius Network freezes withdrawals
By Tom Wilson, Hannah Lang and Elizabeth HowcroftWASHINGTON (Reuters) -Bitcoin fell as much as 14% on Monday after major U.S.…
Asian stocks slump amid risks from U.S. CPI, China COVID struggle
By Kevin BucklandTOKYO (Reuters) - Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited…
Yen extends slide, euro steady as all eyes on ECB meeting
By Alun JohnHONG KONG (Reuters) - The yen dropped to a 20-year low on the dollar on Thursday, though most major currency pairs traded…
Asia stocks advance as investors weigh impact of hawkish central banks
By Selena LiHONG KONG (Reuters) - Asia stocks rose on Wednesday, encouraged by a rally on Wall Street, but gains were kept in check by…