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The United States stops granting export licenses to the Chinese company Huawei – sources

Jan. 30 (Reuters) – The Biden administration has stopped approving licenses for U.S. companies to export most items to China’s Huawei, according to three people familiar with the matter. Huawei has faced US export restrictions on 5G items and other technologies for several years, but officials in the US Commerce Department have granted licenses to …

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Asian stocks turn cautious as prices soar, and earnings loom

Leave a Comment / Business / By Niko

https://tmsnrt.rs/2zpUAr4 The Fed saw a 25bp rise this week, the European Central Bank and the Bank of England up 50bp The tech giants lead a slew of earnings results China shares the rise with the rise in holiday travel SYDNEY (Reuters) – Asian stocks turned cautious on Monday ahead of a week that is sure …

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The Morning Show: Calm Before the Storm

Leave a Comment / Business / By Niko

Jan. 30 (Reuters) – A look at the day ahead in Asian markets from Jamie MacGyver. It appears to be a quiet start to the week in Asia on Monday, but don’t be fooled – it could be the calm before the storm. A slew of regional economic indicators including Japanese unemployment and PMIs from …

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Musk sums up Tesla’s recession playbook: Cost Recovery

Leave a Comment / Business / By Niko

Jan. 26 (Reuters) – Elon Musk has a Tesla playbook (TSLA.O) He headed into what he believes will be a “serious” recession: cutting costs on everything from parts to logistics, while keeping pressure on competitors with cut-off sticker prices. On a conference call to discuss Tesla Fourth quarter resultsMusk and other executives have outlined plans …

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Musk says Tesla’s price cuts have increased demand, and 2023 sales could reach 2 million vehicles

Leave a Comment / Business / By Niko

Jan. 25 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk said on Wednesday that aggressive price cuts have ignited demand for its electric cars, alleviating concerns that the weak economy could stifle buyer interest. The company slightly beat Wall Street targets for fourth-quarter revenue and earnings earlier on Wednesday despite a sharp drop in …

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Exclusive: Binance transferred $346 million to cryptocurrency exchange Bitzlato, according to data

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LONDON (Reuters) – Blockchain data seen by Reuters shows that crypto giant Binance processed nearly $346 million in bitcoin for digital currency exchange Bitzlato, whose founder was arrested by US authorities last week for allegedly running a “money laundering engine.” The Justice Department said so on January 18th Bitzlato’s co-founder and majority shareholder was charged …

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