By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever If investors needed a reminder that the road to recovery in risk assets will be marked by setbacks along the way, they got it on Wednesday as U.S. bond yields su…
Tesla misses quarterly revenue estimates
(Reuters) – Tesla Inc missed Wall Street estimates for third-quarter revenue on Wednesday as logistics hurdles led to fewer-than-expected vehicle deliveries by the world’s most valuable automaker. Difficulties in securing vehicle transportation and ris…
Exclusive-Korean auto giant Hyundai investigating child labor in its U.S. supply chain
By Joseph White and Joshua Schneyer DETROIT (Reuters) – Hyundai Motor Co, Korea’s top automaker, is investigating child labor violations in its U.S. supply chain and plans to “sever ties” with Hyundai suppliers in Alabama found to have relied on undera…
UK PM Truss to Braverman: it is important confidentiality is respected
LONDON (Reuters) – It is important cabinet confidentiality is respected, British Prime Minister Liz Truss said in a letter to Suella Braverman on Wednesday after the interior minister resigned for breaching rules about sharing sensitive government info…
Euro zone Sept inflation revised down slightly, still at record high
BRUSSELS (Reuters) – Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed on Wednesday, but still at a record high, underlining market expectations of more interest rate rises before the end of the year. Th…
Dollar gains with Treasury yields, sterling tumbles on hot inflation
By Karen Brettell NEW YORK (Reuters) – The dollar bounced from two-week lows on Wednesday as benchmark 10-year Treasury yields rose to 14-year highs, while sterling weakened after hotter-than-expected UK consumer price inflation fueled concerns about a…
New Italy government will be pro-NATO, pro-Europe, says Meloni
By Angelo Amante and Crispian Balmer ROME (Reuters) -Giorgia Meloni, who is expected to be Italy’s next prime minister, threw down the gauntlet to her right-wing coalition partners on Wednesday, saying her new government would be pro-NATO and fully a p…
Iran imposes sanctions on U.K. institutions, individuals for ‘inciting riots’
DUBAI (Reuters) – Iran designated several British people and institutions on Wednesday for their “deliberate actions in support of terrorism, incitement of violence, and human rights violations,” Iran’s foreign ministry said. The sanctions, published o…
New UK interior minister praises Hunt after mini-budget debacle
LONDON (Reuters) – Britain’s new interior minister, Grant Shapps, praised Jeremy Hunt on Wednesday, saying that while the government was having a difficult time, the country’s new finance minister, Hunt, was doing a great job. Prime Minister Liz Truss,…
Iran arrests 14 foreigners, including U.S. citizens, over unrest -Fars
DUBAI (Reuters) – Iranian security forces have arrested 14 foreigners, including American, British and French citizens, for their involvement in anti-government protests, the semi-official Fars news agency said on Wednesday. Iranian officials have yet …