(Reuters) -Police in Texas on Friday were investigating a 911 call reporting an active shooter at a large Tesla plant that turned out to be a false alarm, authorities said. The Travis County Sheriff’s Office responded to the emergency call at about 5 a.m. local time of an active shooter at the Tesla Gigafactory plant…
By David Milliken LONDON (Reuters) – Ben Bernanke, who chaired the U.S. Federal Reserve during the global financial crisis, will lead a review of the Bank of England’s forecasting processes, the British central bank said on Friday. British lawmakers have criticised the failure of the BoE to forecast the scale of last year’s surge in…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan heralded the start of a slow shift away from decades of massive monetary stimulus on Friday, allowing the country’s interest rates to rise more freely in line with increasing inflation and economic growth. In what some analysts said could be a seismic shift for global financial…
(Reuters) – Telefonica has approached British telecoms group Vodafone about a potential deal involving internet broadband networks in Spain, the Spanish company’s chief operating officer told Bloomberg News on Friday. Telefonica had presented a number of proposals to Vodafone in talks in recent months, Angel Vila told Bloomberg in an interview. “The ball is now…
(Reuters) – Global money market funds drew big inflows in the week to July 26, as investors were cautious ahead of major central banks’ interest rate decisions and braced for the second-quarter corporate earnings results. According to Refinitiv Lipper data, global money market funds drew investments worth a net $38.74 billion in the week ended…
BRASILIA (Reuters) – Brazil’s public sector debt remained stable at 73.6% of its gross domestic product (GDP) in June despite a significant negative primary result for the month, showed central bank data on Friday. Economists surveyed by Reuters had anticipated the Brazilian gross debt to rise to 74.0% of GDP. In June, the public sector…
ZURICH (Reuters) -Relations of a U.S. aid worker and American soldiers – all killed or injured by Islamic State and Al-Nusra Front – have lodged a legal claim against cement maker Lafarge over payments the French company made to extremist groups. Last year Lafarge became the first company in American history convicted of bribing a…
By Jorgelina do Rosario LONDON (Reuters) – Argentina’s preliminary deal with the International Monetary Fund is set to combine reviews of its $44 billion loan programme, according to four sources, potentially paving the way for streamlining payments to the cash-strapped country. Latin America’s third biggest economy has been seeking to bring forward some of the…
BERLIN (Reuters) – A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in a report released on Thursday. The figure is slightly lower than the $47 billion in insured…
(Reuters) – Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher catastrophe losses are pounding insurers’ profits. A spokesperson for Liberty Mutual also told Reuters in an emailed statement that the company “will not…
