By John Chalmers and Hyunjoo Jin BRUSSELS -The European Union and South Korea have raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may discriminate …
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- Financial News
Credit Suisse steps up $440 million legal dispute with SoftBank
by Reutersby Reuters(Reuters) -Credit Suisse has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp in a $440 million dispute over Greensill-linked funds, two sources …
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Twitter plan to fight midterm misinformation falls short, voting rights experts say
by Reutersby ReutersBy Sheila Dang (Reuters) -Twitter Inc on Thursday set out a plan to combat the spread of election misinformation that revives previous strategies, but civil and voting rights experts said …
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HOUSTON -U.S. oil refiner Citgo Petroleum on Thursday reported second quarter earnings that surged to $1.28 billion, the highest quarterly profit in its history, on higher crude processing volumes and …
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Brazil’s B3 profit falls, as trading volumes dim and costs rise
by Reutersby ReutersSAO PAULO -Brazilian stock exchange operator B3 SA Brasil Bolsa Balcao on Thursday reported an 8.5% decline in second-quarter net profit, as higher interest rates pulled more money out of …
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By Herbert Lash and Bansari Mayur Kamdar NEW YORK -The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively …
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U.S. appeals court rejects GM racketeering suit against Fiat Chrysler
by Reutersby ReutersBy David Shepardson (Reuters) -A U.S. appeals court on Thursday upheld a 2020 ruling that tossed out a racketeering lawsuit filed by General Motors Co against rival Fiat Chrysler Automobiles …
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By Ananya Mariam Rajesh (Reuters) -Canada Goose Holdings Inc on Thursday surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas …
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Brazil pro-democracy manifestos aim to curb Bolsonaro’s election threats
by Reutersby ReutersBy Lisandra Paraguassu and Maria Carolina Marcello SAO PAULO -Brazilian business leaders, intellectuals and artists gathered on Thursday to read manifestos defending democratic institutions after attacks by President Jair Bolsonaro …
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BRASILIA -Brazil’s central bank chief Roberto Campos Neto said on Thursday it is not true that banks lose money with the Pix instant payment system, launched by policymakers in late …
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Brazil’s Magazine Luiza posts Q2 adjusted net loss hit by high interest rates
by Reutersby ReutersSAO PAULO -Brazilian retailer Magazine Luiza SA posted on Thursday an adjusted net loss of 112.1 million reais ($21.76 million), posting a loss for the second straight quarter as its …
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EV maker Rivian says its current models will not qualify for tax breaks
by Reutersby ReutersBy Akash Sriram and Paul Lienert (Reuters) -Electric-vehicle maker Rivian Automotive Inc on Thursday forecast a wider operating loss for the year and also said many of its current models …
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Peloton must face lawsuit over availability of fitness classes–U.S. judge
by Reutersby ReutersBy Jonathan Stempel NEW YORK -A U.S. judge on Thursday said Peloton Interactive Inc must face a proposed class action lawsuit accusing the bike and treadmill maker of misleading customers …
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MSCI to add 13 securities to its ACWI index, and delete 8 securities
by Reutersby Reuters(Reuters) -Index provider MSCI said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. …
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Exclusive – Uniper could swap Australian LNG for Atlantic gas to supply Europe quicker
by Reutersby ReutersBy Vera Eckert and Marwa Rashad FRANKFURT/LONDON – Germany’s Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia’s Woodside for U.S. gas, so it can boost …
- Financial News
California high-speed rail wins $25 million U.S. grant, seeks $1.3 billion more
by Reutersby ReutersBy David Shepardson WASHINGTON – California’s High-Speed Rail Authority said Thursday it won $25 million in new federal grant funding to advance its project beyond 119 miles under construction, while …
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California high-speed rail wins $25 million U.S. grant, seeks $1.3 billion more
by Reutersby ReutersBy David Shepardson WASHINGTON – California’s High-Speed Rail Authority said Thursday it won $25 million in new federal grant funding to advance its project beyond 119 miles under construction, while …
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By Fergal Smith (Reuters) – Canada’s main stock index rose on Thursday, closing at a the highest in two months as higher oil prices bolstered energy shares, but an uncertain …
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BUENOS AIRES -Argentina is planning to give tax and customs benefits to oil companies so they can boost production, the country’s new economy “superminister” said on Thursday. The move comes …
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Two lawmakers ask U.S. regulator about Tesla crashes, safety probes
by Reutersby ReutersBy David Shepardson WASHINGTON – Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla …
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By SinĂ©ad Carew NEW YORK – The S&P 500 and Nasdaq finished in the red while Treasury yields rose as investors digested signs of cooling U.S. inflation and hopes the …
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Inflation steers budget shoppers away from Walmart. Bringing them back may not be easy
by Reutersby ReutersBy Arriana McLymore and Siddharth Cavale (Reuters) – Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than …
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U.S. CDC no longer recommends students quarantine for COVID-19 exposure
by Reutersby Reuters(Reuters) -The U.S. Centers for Disease Control and Prevention will no longer recommend quarantines or test-to-stay programs at schools or daycare centers for people exposed to COVID-19, the agency said …
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Analysis: Antitrust rules, Petro-Canada profits may hinder Suncor from selling unit
by Reutersby ReutersBy Divya Rajagopal and Rod Nickel TORONTO – Suncor Energy could reap over $8 billion and boost returns to unhappy shareholders if it sells its Petro-Canada gas station business, but …
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San Francisco metro system hires bird of prey to scare pigeons away
by Reutersby ReutersBy Nathan Frandino (Reuters) – Metro system riders in California’s San Francisco Bay Area may have noticed a new station guard in recent months. A 5-year-old Harris’s hawk named Pac-Man …