By Akash Sriram (Reuters) – Tesla’s strategy to boost sales through price cuts is likely to have powered its strongest revenue growth in five quarters while dragging down margins to a three-year low in the April-June period. The Elon Musk-led electric-vehicle maker has since late last year launched a price war to stoke demand and…
A look at the day ahead in U.S. and global markets from Mike Dolan China’s spluttering recovery set the tone for world markets on Monday after a bumper week of U.S. disinflation news was capped with impressive bank results and rising consumer confidence. In what was read as another underwhelming collection of macro updates, China…
By Steve Scherer and Fergal Smith OTTAWA (Reuters) – The Bank of Canada has shifted to a less prescriptive messaging strategy than it used in January when it signaled a rate-hike pause that reignited the housing market, which added to inflation and the need to resume tightening five months later. Last week after lifting rates…
By Pete Schroeder and Nupur Anand WASHINGTON/NEW YORK (Reuters) -U.S. bank executives warned on Friday that looming higher capital requirements would raise prices for financial products and push activity into less regulated sectors as regulators weigh new rules to cushion against any potential losses. Federal banking regulators are expected to introduce proposals in the coming…
By Oliver Hirt ZURICH (Reuters) – UBS’s emergency takeover of Credit Suisse may lead to thousands of job losses, departures of key staff and a risky integration challenge, but for many UBS investors it increasingly looks like a good deal for Switzerland’s biggest bank. Since UBS bought Credit Suisse in a 3 billion Swiss franc…
By Aftab Ahmed GANDHINAGAR, India (Reuters) -The United States is working with India to develop ways to lower the cost of capital and increase private investment to fast-track India’s energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. After a bi-lateral meeting with India’s finance minister Nirmala Sitharaman on the sidelines of a G20…
KYIV (Reuters) – Ukrainian forces have taken back nearly 18 square km (7 square miles) of territory in the east and the south in the past week in their counteroffensive against Russian forces, a senior defence official said on Monday. The advances brought the territory recaptured so far during the counteroffensive to more than 210…
By Sabine Siebold BERLIN (Reuters) – Germany is confident it will have the best equipped army division amongst European NATO allies in 2025, Army Chief Alfons Mais told Reuters, as countries are scrambling to gear up their troops in the wake of Russia’s invasion of Ukraine. At the moment, Berlin does not have a single…
CHICAGO (Reuters) -United Airlines and its pilots on Saturday reached a labor agreement that will give the latter a significant pay increase, after the union rejected an earlier offer last year instead to seek even higher wages with pilots in short supply. The pilots will get cumulative 34.5%-40.2% increase in pay raises in a new…
By Jahnavi Nidumolu and Krystal Hu (Reuters) -Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt load, Elon Musk said on Saturday, falling short of his expectation in March that Twitter could reach cash flow positive by June. “Need to reach positive cash flow before we…
