By David Lawder and Andrea Shalal WASHINGTON (Reuters) – Just a month after the biggest banking crisis in more than a decade, the world’s top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability – at least publicly. With financial markets calmed by strong policy actions to stem the…
A look at the day ahead in U.S. and global markets from Mike Dolan. As U.S. banking giants calm the horses, global investors are now concentrated on world growth and earnings signals more than interest rate rises for direction – with an assumption the latter are near an end anyway. Sending its stock price surging…
ISTANBUL (Reuters) – Turkey’s central government budget recorded a deficit of 47.22 billion lira ($2.46 billion) in March, the Finance Ministry said on Monday, while the cumulative deficit for 2023 so far widened to 250 billion lira, mainly due to devastating earthquakes. The primary balance, which excludes interest payments, logged a deficit of 2.15 billion…
JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of…
(Reuters) -Streaming platform Netflix Inc’s services were restored after a brief outage late on Sunday during a live stream of the dating reality show, “Love is Blind”. The platform, which is looking to break into live television, apologized for the slip-up on Sunday after thousands complained on social media about issues watching the show. “We’re…
By Helen Coster WILMINGTON, Delaware (Reuters) -The start of Dominion Voting Systems’ $1.6 billion defamation trial against Fox has been pushed back by a day, the judge said on Sunday, with a source familiar with the matter saying the media giant was pursuing settlement talks. The source, who was not authorized to speak publicly, told…
JAKARTA (Reuters) – Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China’s battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country’s investment minister said. Automakers are courting Indonesia for its raw materials used in producing EV batteries, which account for about 40% of…
By Gilles Guillaume PARIS (Reuters) -French carmaker Renault is reviewing its pricing policies of electric cars worldwide to ensure it stays competitive after a wave of price cuts by U.S. rival Tesla Inc, a top executive said on Monday. After slashing prices several times in the United States, Tesla on Friday cut prices in Europe-…
By Sinead Cruise LONDON (Reuters) -Institutional Shareholder Services (ISS) has recommended Barclays investors re-elect all board members at next month’s annual meeting, sapping the momentum of protests against bosses for supporting former CEO Jes Staley who is being investigated over his links with sex trafficker Jeffrey Epstein. The influential proxy advisor said in a report…
JERUSALEM (Reuters) -The exiled son of the Iranian Shah toppled in the 1979 Islamic revolution will visit Israel this week, Israel’s government said on Sunday, calling him the “most senior Iranian personality” to ever pay a public visit to Israel. Israel and Iran enjoyed warmer ties under the U.S-backed Shah, though they have become enemies…
