By Tina Bellon AUSTIN, Texas (Reuters) – Electric carmaker Lucid is looking into raising prices for future models amid “huge inflationary pressures,” but is committed to honoring prices for existing reservation holders, its chief executive on Thursday. “There’s an inevitability that we will have to look at the price points of models that are coming…
By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks gained in choppy trading on Thursday, a day after the Federal Reserve’s widely anticipated U.S. interest rate hike, as investors eyed Russia-Ukraine peace talks. The pan-European STOXX 600 index rose 0.5%, paring March losses spurred by the Ukraine conflict. Investors took in stride the long-expected start…
LONDON (AP) — Russia’s Finance Ministry said it transferred a $117 million bond interest payment in an attempt to avoid a default on government debt but left it open if the money actually reached foreign investors by the deadline. A ministry statement carried on Russian state media Thursday said the money had been transferred to…
By Arathy Somasekhar HOUSTON -Oil prices climbed about 7% on Thursday, continuing a series of wild daily swings, as the market rebounded from several days of losses on renewed focus on supply shortages in coming weeks due to sanctions on Russia. Oil benchmarks in recent weeks have experienced their most volatile period since mid-2020. After…
SACRAMENTO, Calif. (AP) — A long-delayed plan to build a giant reservoir in Northern California to help withstand the U.S. West’s notorious droughts got a huge financial boost on Thursday when the federal government signaled its intent to loan the project nearly $2.2 billion — about half of the cost to design, plan and build…
(Reuters) – Russia’s second-largest state lender VTB, which has been targeted by Western sanctions, said on Thursday it would hand over servicing of foreign securities to other Russian financial companies, the TASS state news agency reported. “This step would allow us to protect assets of private investors and secure their ability to buy and sell…
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week as the key 30-year loan vaulted over 4% for the first time since May 2019. The increase came amid expectations that with inflation at a four-decade high, the Federal Reserve would raise its benchmark short-term interest rate at its policy meeting this week to…
By Karin Strohecker and Sujata Rao LONDON (Reuters) -Russia said on Thursday it had made debt payments that were due this week but the announcement did not end a wait for what could be Moscow’s first default on external borrowing in more than a century as several creditors said funds had yet to be received….
MILAN (Reuters) – U.S. private equity firm Carlyle Group has asked investors to submit bids for Irca in a deal valuing the Italian food ingredients maker at more than 1 billion euros ($1.1 billion), two sources close to the matter said. Carlyle, which owns 97% of the group based north west of Milan, has sent…
(Reuters) – Alnylam Pharmaceuticals Inc on Thursday filed lawsuits in Delaware federal court against Pfizer Inc and Moderna Inc, claiming their multibillion-dollar mRNA COVID-19 vaccines infringe one its patents. Alnylam said it was seeking damages over the use of lipid nanoparticle (LNP) technology used in the Pfizer/BioNTech and Moderna vaccines to carry and deliver genetic…
