By Aditya Kalra and Shivangi Acharya NEW DELHI (Reuters) – Two senior Tesla executives discussed the company’s plans to enter India with officials from the country’s investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks. The U.S. carmaker has expressed an…
WASHINGTON (Reuters) -Donald Trump on Friday denied wrongdoing in his handling of security tapes sought by federal investigators, a day after prosecutors added new charges alleging the former president ordered employees at his Florida resort to delete the videos. Trump, the frontrunner for the 2024 Republican presidential nomination, said in an interview with conservative radio…
By Giuseppe Fonte ROME (Reuters) – Italy’s government is trying to broker a deal with supermarkets and producers to control prices of essential consumer goods in a measure that would be implemented in the final three months of the year, a government document showed on Friday. Industry Minister Adolfo Urso is negotiating an accord with…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) – Canada’s economy grew 0.3% in May and likely contracted in June, data showed on Friday, pointing toward a slowdown that could bring an end to the central bank’s monetary tightening campaign that has pushed interest rates to a 22-year high. The expansion in May was in…
WASHINGTON (Reuters) – U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit, offering a boost to the Federal Reserve in the fight against inflation. The Employment Cost Index, the broadest measure of labor costs, rose 1.0% last quarter after advancing 1.2% in the January-March period, the Labor…
By Naomi Rovnick, Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The Japanese yen is on a bumpy path towards strengthening after Friday’s central bank policy change, threatening to upend the carry trade, one of this year’s most popular strategies, as the currency inevitably becomes more expensive. The BOJ kept its short-term interest rate target…
(Reuters) – U.S. investors turned to money market funds ahead of the Federal Reserve’s policy decision, uncertain about the future path of the central bank’s monetary policy amid solid economic data. Investors placed a net $24.62 billion in U.S. money market funds in the seven days to July 26, their first weekly net purchase since…
(Reuters) -Binance and its CEO Changpeng Zhao have filed a motion to dismiss a complaint against the cryptocurrency exchange by the U.S. Commodity Futures Trading Commission (CFTC), the company said in a court filing on Thursday. The CFTC sued Binance, Zhao and former Chief Compliance Officer Samuel Lim in March, alleging they violated the Commodity…
By Maria Martinez BERLIN (Reuters) -German inflation fell in July, resuming the decline since the start of the year that was interrupted the previous month due to the base effects in June’s data. German consumer prices, harmonised to compare with other European Union countries, rose by 6.5% on the year in July, preliminary data from…
By Nell Mackenzie LONDON (Reuters) – European credit hedge funds topped a most-wanted list of global hedge fund strategies in the second half of this year, according to a report by Barclays seen by Reuters on Friday. A net 14% of investors say they would allocate more room in their portfolios to European credit hedge…
