Lordstown shares dive 23% as investor Foxconn alleges agreement breach
By David Shepardson and Tiyashi Datta (Reuters) -Lordstown Motors warned on Monday it might be forced to file for bankruptcy…
Business
Russian factory activity expands in April as export orders pick up
MOSCOW (Reuters) – Activity in Russia’s manufacturing sector grew for the 12th month running in April, and new export orders…
Singapore’s DBS posts record Q1 profit, expects margins to decline as rates peak
By Yantoultra Ngui SINGAPORE (Reuters) -DBS Group posted record first-quarter profit, with Singapore’s biggest bank saying it had benefited from…
Lithium prices bounce after big plunge, but surpluses loom
By Eric Onstad, Siyi Liu and Mai Nguyen LONDON/BEIJING/HANOI (Reuters) -Lithium prices rebounded this week for the first time in…
IMF raises Asia’s economic forecast on China recovery, warns of risks
By Leika Kihara (Reuters) -The International Monetary Fund (IMF) raised Asia’s economic forecast on Tuesday as China’s recovery underpinned growth,…
Alan Joyce to step aside after 15 years as Qantas CEO
By Praveen Menon SYDNEY (Reuters) – Australia’s flagship carrier, Qantas Airways Ltd, said on Tuesday that long-serving CEO Alan Joyce…
At Milken, investors praise bank rescue but brace for more drama
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) -Investors breathed easier on Monday after a weekend auction found a…
U.S. Postal Service next-generation delivery vehicles delayed to mid-2024
By David Shepardson WASHINGTON (Reuters) – The U.S. Postal Service (USPS) said on Monday it expected to receive next-generation delivery…
Marketmind: RBA shock hike starts huge week for central banks
A look at the day ahead in European and global markets from Asia markets correspondent Kevin Buckland. The Reserve Bank…
Factbox-How will TV shows be affected by the Hollywood writers strike?
LOS ANGELES (Reuters) – Thousands of Hollywood film and television writers will go on strike starting Tuesday, an action that…