By Chibuike Oguh NEW YORK (Reuters) -Shares of Rivian Automotive surged more than 18% on Friday as it continued to rally after the electric vehicle (EV) maker reported better-than-expected quarterly deliveries early this week. Rivian said on Monday it delivered 12,640 vehicles in the second quarter on steady demand from customers, beating market estimates. That…
PARIS (Reuters) – Two years after the world’s largest jetliner rolled out of its Toulouse factory for the last time, Airbus is preparing to bring some A380 superjumbos back to their birthplace for wing inspections even as it re-dedicates the plant to smaller jets. A380 production stopped in 2021 and part of the giant Jean-Luc…
(Reuters) – A clearer outlook on the United States’ monetary policy cycle, economic policy adjustments and fewer energy price shocks make for more stable credit conditions for sovereigns across Europe, the Middle East and Africa, S&P Global said in a report. Conditions are however stabilizing at lower levels, weighed down by the aftermath of the…
By Abhijith Ganapavaram (Reuters) -U.S. private equity firm 777 Partners has said it is in talks with Boeing Co and Franco-Italian turboprop maker ATR over a new jet order, as it looks to enter more markets amid a boom in air travel. “We’ve been in discussions with the (aircraft) manufacturers. I think right now the…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it will instead seek U.S. court approval for a more limited sale of Buy Buy Baby’s intellectual property assets. Bed Bath & Beyond had declared Dream…
By Howard Schneider WASHINGTON (Reuters) -The U.S. added fewer jobs than anticipated in June but still-strong wage growth and a slight drop in the unemployment rate will likely keep the Federal Reserve on track to raise interest rates at the upcoming July meeting. The 209,000 payroll jobs added in June continued a steady climb down…
LONDON (Reuters) – More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion in costs for 400 jets stuck in Russia, are urging the High Court to allow a reinsurance dispute to be heard in London, not Moscow. Lessors have not received any insurance payments…
By Niket Nishant and Hannah Lang (Reuters) -Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange’s deadline for agreeing to a restructuring deal for the venture capital firm’s troubled unit. DCG and Gemini, two prominent…
By Shreyashi Sanyal (Reuters) -European shares eked out gains on Friday as data pointing to slowing U.S. job growth eased concerns about interest rate hikes by the Federal Reserve but did little to change the main STOXX 600 index’s worst weekly showing in almost four months. The STOXX 600 rose 0.1% by 1615 GMT, turning…
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank president Austan Goolsbee on Friday said he does not disagree with his fellow US central bankers that rates will need to rise a couple more times this year to beat back too-high inflation. “I haven’t seen anything that says that’s wrong – that is on the…
