By Ivana Sekularac and Aleksandar Vasovic BELGRADE (Reuters) -A 13-year-old boy gunned down eight fellow pupils and a security guard in a Belgrade school on Wednesday in a planned attack, prompting Serbia’s president to announce tougher curbs on gun ownership. Using two handguns that belonged to his father, the boy fired first at the guard…
(Corrects firm name to RBC Wealth Management from RBC Portfolio Advisory Group in paragraph 5) By Sinéad Carew NEW YORK (Reuters) – MSCI’s gauge of stock markets around the world was advancing but trading was choppy on Wednesday while U.S. Treasury yields and the U.S. dollar steepened declines after the U.S. Federal Reserve raised interest…
By Bernardo Caram BRASILIA (Reuters) – Argentina has offered to fast-track imports from Brazil if its neighbor adopts a new credit system that reduces its dependence on the dollar, which it has in short supply, officials in both governments told Reuters. The proposal would cut the processing and payment time for Brazilian products to 30…
By Ernest Scheyder (Reuters) -Lithium producer Albemarle Corp cut its annual profit forecast on Wednesday despite posting a better-than-expected quarterly earnings, citing softening prices for the metal used to make electric vehicle batteries. Shares of the Charlotte, North Carolina-based company fell 4.5% to $165.19 in after-hours trading. Concern has grown across the lithium industry this…
WASHINGTON (Reuters) – The Federal Trade Commission’s chief said the agency was committed to using existing laws to rein in some of the dangers of artificial intelligence, such as enhancing the power of dominant firms and “turbocharging” fraud. “Although these (AI) tools are novel, they are not exempt from existing rules, and the FTC will…
By Valerie Insinna and Abhijith Ganapavaram WASHINGTON (Reuters) -Spirit AeroSystems Holdings Inc on Wednesday took a hefty $110 million loss in reach-forward charges on Airbus and Boeing jet production and expects a further hit of $31 million to full-year gross profit from disruptions related to a Boeing 737 MAX fuselage production problem. The company announced…
(Reuters) – PacWest Bancorp has been weighing a range of strategic options, including a sale, Bloomberg News reported on Wednesday, citing people familiar with the matter. (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Arun Koyyur)
(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. This comes days after Joby clinched a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force, marking the company’s first revenue-generating operations. Unlike other electric vertical…
(Reuters) – British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation, they said on Wednesday. This comes days after Joby clinched a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force, marking the company’s first revenue-generating operations. Unlike other electric vertical…
(Reuters) – Myanmar’s military government on Wednesday pardoned more than 2,000 prisoners, state media reported, among them a journalist and what activists and media said were numerous political detainees. State television MRTV said 2,153 prisoners convicted of incitement were pardoned to mark a Buddhist holiday and warned they would be arrested and given additional sentences…
