Ford pauses work on $3.5 billion battery plant in Michigan
By David Shepardson (Reuters) -Ford Motor said on Monday it has paused work on a $3.5 billion electric vehicle battery plant in Michigan, citing concerns about its ability to competitively…
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By David Shepardson (Reuters) -Ford Motor said on Monday it has paused work on a $3.5 billion electric vehicle battery plant in Michigan, citing concerns about its ability to competitively…
By Davide Barbuscia NEW YORK (Reuters) -A U.S. government shutdown would harm the country’s credit, rating agency Moody’s said on Monday, a stern warning coming one month after Fitch downgraded…
By David Lawder WASHINGTON (Reuters) – The Institute of International Finance said on Monday it would still hold its annual membership meeting in Marrakech on Oct. 12-14, following the World…
(Reuters) – KKR & Co on Monday added former finance chief of office-sharing startup WeWork, Kimberly Ross, to the company’s board. The private equity firm said Ross’s appointment as the…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets on Tuesday might take heart from Wall Street’s…
By Tim Hepher PARIS (Reuters) -Air France-KLM said on Monday it plans to order 50 Airbus A350 long-haul jets, together with purchase rights for an additional 40, in its largest-ever…
By Suzanne McGee (Reuters) – Schwab Asset Management on Monday said it cut fees on the Schwab High-Yield Bond ETF (SCYB) and the Schwab U.S. TIPS ETF, which offers exposure…
(Reuters) -Coty on Monday launched a global offering of 33 million shares and said it had submitted an application for dual listing of its shares on the Paris Stock Exchange.…
By David Shepardson WASHINGTON (Reuters) – The National Transportation Safety Board said it has opened an investigation into a JetBlue flight that experienced sudden severe turbulence and led to eight…
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their bearish bets mainly on U.S. stocks last week when the major stock indexes plunged, Goldman Sachs showed in a…
By Sinéad Carew and Amanda Cooper NEW YORK/LONDON (Reuters) – A global index of stocks fell slightly while Wall Street eked out a gain in Monday’s choppy market as bond…
TAIPEI (Reuters) – The CEO of ChatGPT maker OpenAI said on Monday that it was possible to get regulation wrong but it is important and should not be feared, amid…
By Jonathan Stempel NEW YORK (Reuters) – A judge on Monday dismissed a lawsuit accusing the Federal Reserve Bank of New York of illegally firing two longtime employees who claimed…
By Chris Prentice NEW YORK (Reuters) -Deutsche Bank-controlled investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures…
(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks…
By Giuseppe Fonte ROME (Reuters) – Italy’s government plans to raise its 2024 budget deficit target to between 4.1% and 4.3% of gross domestic product (GDP), up from the 3.7%…
By Chris Prentice and Carolina Mandl NEW YORK (Reuters) – The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its…
By Mike Scarcella (Reuters) -Yelp and a coalition of news organizations have asked a U.S. judge to disqualify a prominent U.S. law firm from defending Google in the Justice Department’s…
By Karen Brettell NEW YORK (Reuters) – The dollar hit an 11-month high against the Japanese yen on Monday and an almost 10-month high against a basket of currencies after…
BRASILIA (Reuters) – Brazil’s central bank employees said on Monday they would intensify work stoppages in protest of the government’s alleged failure to address career improvement demands, a move that…
By Stephanie Kelly and Nicole Jao NEW YORK (Reuters) -Oil prices settled nearly flat in choppy trade on Monday as Russia relaxed its fuel ban and investors eyed elevated interest…
By Nick Carey LONDON (Reuters) -Nissan Motor Co said on Monday all its new European models will be fully electric and it plans to sell only electric vehicles (EVs) on…
(Reuters) – 3M said on Monday it was looking at options to further accelerate the stoppage of manufacturing of PFAS chemicals at its Zwijndrecht facility in Belgium and warned of…
By Lucia Mutikani WASHINGTON (Reuters) – The publication of major U.S. economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should…
(Reuters) – Pfizer said on Monday it has restarted majority of the production lines at its tornado-hit North Carolina plant, but warned that supply of some drugs from the facility…