Notizia

SHANGHAI (Reuters) -Automakers in China may have to suspend production in May if suppliers in Shanghai and surrounding areas are not able to resume work, He Xiaopeng, the chief executive officer of Chinese electric-car maker Xpeng, said on Thursday.

BEIJING (Reuters) -Growth in new home prices in China was flat again in March versus the previous month, government data showed on Friday, pointing to fragile demand as growing COVID-19 lockdown measures dampened consumer confidence.

BEIJING (Reuters) -China's new home prices stalled for a second straight month in March, official data showed on Friday, as growing COVID-19 lockdowns dampened consumer confidence and weighed on demand.

SHANGHAI (Reuters) -China's central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday, despite Beijing calling for more monetary stimulus to cushion an economic slowdown.

TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said the central bank's monetary policy is aimed at achieving its 2% inflation target, not at manipulating currency rates, brushing aside the view the country must end an ultra-low interest rate policy to stem sharp yen declines.

Automakers in China may have to suspend production in May if suppliers in Shanghai and surrounding areas are not able to resume work, He Xiaopeng, the chief executive officer of Chinese electric-car maker Xpeng, said on Thursday.

The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening.

Elon Musk's $43 billion bid for Twitter takes a page out of Warren Buffett's take-it-or-leave-it playbook. But investment bankers, investors and analysts said he needed a blowout bid and more details on his financing for this strategy to work. They added that Musk's track record of reversing his positions also weighs against him.

Wall Street closed lower on Thursday at the end of a holiday-shortened week as bond yields resumed their uphill climb and investors contended with mixed earnings and economic data.