(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Sunday the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. Musk in a tweet also asked about inflation rate outlook and said his companies “are not alone”, retweeting an article saying the Ukraine-Russia conflict sent…
By Wayne Cole SYDNEY (Reuters) – Most share markets firmed and oil slid on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting continued to rage, while bond markets braced for rate rises in the United States and UK this week. While Russian missiles hit a large Ukrainian base near the border…
By Elvira Pollina and Valentina Za MILAN (Reuters) -Telecom Italia said on Sunday it would start formal talks with KKR to assess the U.S. fund’s potential 10.8 billion euro ($11.8 billion) offer for Italy’s biggest phone group, almost four months after the approach. Telecom Italia (TIM), however, said it would also explore a possible tie-up…
By Wayne Cole SYDNEY (Reuters) – Asian shares advanced and oil slipped on Monday on hopes for progress in Russian-Ukraine peace talks even as fighting raged on, while bond markets braced for rate rises in the United States and UK this week. While Russian missiles hit a large Ukrainian base near the border with Poland…
By Karen Freifeld (Reuters) – Lawyers for ZTE Corp have been summoned to U.S. federal court in Texas on Monday for a hearing over whether the Chinese telecommunications equipment maker violated probation in connection with an alleged conspiracy to commit visa fraud. ZTE is on probation in the United States after pleading guilty in Dallas…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to have substantive negotiations over Ukraine. Brent crude futures fell $1.82, or 1.6%, to $110.85 a barrel by 6:47 p.m….
By Praveen Menon, Min Zhang and Fransiska Nangoy (Reuters) – Chinese tycoon Xiang Guangda has to find a way to bail his Tsingshan Holding Group out of a crisis after its bet on nickel prices backfired, fuelling more volatility in a metal essential for the electric vehicles industry. One of the world’s top nickel producers…
LVIV, Ukraine (Reuters) – Ukrainian President Volodymyr Zelenskiy on Sunday called on U.S. software firms Microsoft Corp and Oracle Corp and German business software group SAP to halt support services for their products in Russia. “Stop supporting your products in Russia, stop the war!,” he said on Twitter. (Reporting by Natalia Zinets; Writing by Alessandra…
By Stephanie Kelly NEW YORK (Reuters) -U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia’s invasion of Ukraine. Retail gasoline prices fell for the second straight day on Sunday to $4.325 per gallon, below a record of $4.331 hit on Friday, according to American Automobile…
ASHGABAT, Turkmenistan (AP) — There is an unexpected wait for the result of Turkmenistan’s presidential election that is widely expected to cement a political dynasty after authorities said Sunday they needed more time to count the votes. Serdar Berdymukhamedov, son of the incumbent Gurbanguly Berdymukhamedov, was the overwhelming favorite in Saturday’s early vote in the…
