US opens safety probe into Hyundai Ioniq 5 EVs over power loss reports
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports…
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RTX awarded $264 million US Navy modification contract to produce AIM-9X missiles
(Reuters) – Raytheon Technologies on Monday said it was awarded a $264 million modification contract from the United States Navy…
European shares slide, Germany’s DAX retreats from record high
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares fell on Monday, as investors awaited further stimulus measures from…
RTX: Pratt & Whitney engines unit to take $500 million free cashflow hit
PARIS (Reuters) – RTX expects to take a $500 million hit to free cash flow due to a supply chain…
Hong Kong stock exchange’s yuan stock trading debut gets lukewarm trade volume
By Georgina Lee HONG KONG (Reuters) – The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong…
Europe in danger of losing EV battery race – Court of Auditors
By Julia Payne BRUSSELS (Reuters) – Europe is in danger of losing the race to become a global battery powerhouse…
Dollar nudges up, sterling near 14-month highs ahead of BoE decision
By Iain Withers LONDON (Reuters) -The dollar edged higher and the UK pound was near a 14-month peak on Monday…
Italy’s TIM leaning towards KKR for talks over grid sale, sources say
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) – Telecom Italia (TIM) is leaning towards entering talks with KKR over…
Stocks rally stalls, eyes on Powell testimony for US rate clues
By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares fell from 14-month highs hit last week, as investors…
SVB’s Asian customers who lost deposits remain on the hook for loans – WSJ
(Reuters) – Silicon Valley Bank’s customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp…