(Fixes related content links) BEIJING (Reuters) -Steel rebar prices in China hit their lowest in three years this week, underscoring flagging growth in the world’s second-largest economy, particularly in its weak property sector. The spot price of HRB400 20mm steel rebar – used to reinforce concrete for buildings and infrastructure – fell to 3,510 yuan…
MILAN (Reuters) – Renault’s chief executive said on Friday the European Union’s proposed Euro 7 emissions rules for vehicles would distract the auto industry from its path to electrification and thanked the Italian government for opposing them. EU countries and lawmakers are due this year to negotiate proposed new “Euro 7” legislation that tightens vehicle…
By Riham Alkousaa and Toby Sterling BERLIN/AMSTERDAM (Reuters) – The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had allegedly failed to adequately protect data from customers, employees…
(Reuters) – U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase in the country’s debt ceiling. According to Refinitiv Lipper data, U.S. money market funds received a net $39.9 billion of inflows, the biggest week of…
By Victoria Klesty, Benjamin Mallet and America Hernandez (Reuters) -Pressure mounted on oil majors on Friday as Norway’s giant sovereign wealth fund said it would vote against CEOs at Chevron and Exxon and support for a climate activist resolution at TotalEnergies’ AGM surged to over 30%. Together with peers BP and Shell, the companies face…
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the capability to “triage” payment priorities if the debt ceiling is not raised, adding that invoking the 14th amendment to issue debt will not solve the government’s challenges. Speaking on CNN as the White House and…
WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo said on Friday that the U.S. government does not have the capability to “triage” payment priorities if the debt ceiling is not raised, adding that invoking the 14th amendment to issue debt will not solve the government’s challenges. Speaking on CNN as the White House and…
LISBON (Reuters) – The head of Brazilian Embraer’s planemaking division dismissed concerns that problems at engine supplier Pratt & Whitney would discourage airlines from placing orders and hinted at some order announcements at the upcoming Paris Airshow. Pratt & Whitney <RTX.N has been facing problems with the durability of its latest engines flying on Embraer…
By Lananh Nguyen NEW YORK (Reuters) – Lazard Ltd said Peter Orszag, a banker and former White House official, will take the helm as its chief executive officer on Oct. 1, when Kenneth Jacobs steps down after 14 years in the top job at the investment bank. Jacobs will become the 175-year-old firm’s executive chairman,…
By William Schomberg and Andy Bruce LONDON (Reuters) – British inflation fell in April but by less than expected and it remains above the rate of price growth in the United States and most of Europe, putting pressure on the Bank of England to keep raising interest rates. Britain has struggled more than other countries…
