Author: FX
2/2 © Reuters. A police member stands guard while the border opens as Croatia enters the EU’s control-free Schengen area, in Bregana, Croatia, January 1, 2023. REUTERS/Borut Zivulovic 2/2 BREGANA BORDER CROSSING, Croatia (Reuters) – Croatia rang in two historic changes with the new year, as the European Union’s youngest member joined both the EU’s border-free Schengen zone and the euro common currency, fulfilling longstanding ambitions of close integration with Europe. At the Bregana border crossing with neighbouring Slovenia, police took down signs at midnight and a barrier was lifted up for the last time, before a placard reading “free…
Torsten Asmus/iStock via Getty Images Bonds were not the traditional safe haven that investors could count on in 2022. Instead of luring in cash amid an equity bear market as investors moved out of risk, bonds struggled with the unprecedented Federal Reserve tightening cycle. The Fed pushed borrowing costs to their highest level since 2007. Starting in March, the central bank’s Federal Open Market Committee began hiking the fed funds rate from a target of 0%-0.25% to 4.25%-4.5% by December. Tighter financial conditions (which include higher rates and lower stock prices) became the mission for Fed Chairman Jerome Powell and…
What really happened to stocks in 2022, including some surprises Source link
© Reuters. FILE PHOTO: German Finance Minister Christian Lindner speaks at the Brandenburg Gate, during a ceremony for the Jewish holiday of Hanukkah, in Berlin, Germany, December 18, 2022. REUTERS/Christian Mang BERLIN (Reuters) – Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but believes high energy prices will become the new normal. “The target remains 2%. This must be a top priority for the European Central Bank and the German government,” Christian Lindner said in an interview with Bild newspaper published on Sunday. Pushed by…
XPeng announces just under double increase in December delivery Source link
Li Auto announces record monthly delivery of 21,233 in December Source link
Nio sets record with 15,815 delivery in December Source link
4/4 © Reuters. Candles stand next to St. Peter’s Square after former Pope Benedict died in the Vatican, in Rome, Italy, December 31, 2022. REUTERS/Guglielmo Mangiapane 2/4 By Philip Pullella VATICAN CITY (Reuters) – Pope Francis marked the Roman Catholic Church’s traditional World Day of Peace on Sunday but the start of the new year at the Vatican was overshadowed by the death of his predecessor, Benedict. Francis presided at a Mass in St. Peter’s Basilica as the body of Benedict, who died on Saturday at the age of 95, was being prepared for three day of public viewing in…
© Reuters. FILE PHOTO: Police guard an area to avoid mass gatherings during New Year’s Eve celebration, amid the coronavirus disease (COVID-19) outbreak, in Wuhan, Hubei province, China December 31, 2022. REUTERS/Tingshu Wang/File Photo By Martin Quin Pollard WUHAN (Reuters) – Thousands of Chinese took to the streets to mark the New Year as authorities and state media sought to reassure the public that the COVID-19 outbreak sweeping across the country was under control and nearing its peak. Though many people in major cities have continued to isolate as the virus spreads through the population, New Year revelries appeared to…
© Reuters. The logo of BYD is pictured at the 2022 Paris Auto Show in Paris, France October 17, 2022. REUTERS/Stephane Mahe SHANGHAI (Reuters) – Leading Chinese electric car manufacturer BYD Co (OTC:) has adjusted its product prices starting from Jan. 1, citing the impact of reduced subsidies for new energy vehicles since November last year. Official guidance prices will rise by between 2,000 yuan ($290) and 6,000 yuan for its various models, the company said on its official Weibo (NASDAQ:) account. ($1 = 6.8972 yuan) Source link