BIS head warns of threats to financial stability, rates need to stay higher
By Marc Jones LONDON (Reuters) – The head of the Bank of International Settlements has warned that years of fighting…
Business
Exclusive-G7 coalition to keep Russian oil price cap at $60 per barrel -source
By Andrea Shalal WASHINGTON (Reuters) -The Group of Seven (G7) coalition will keep a $60 per barrel price cap on…
US homebuilder sentiment improves further; NY state manufacturing rebounds
By Lucia Mutikani WASHINGTON (Reuters) – Confidence among U.S. single-family homebuilders improved for a fourth straight month in April as…
Juul, Altria settle with Minnesota over teen vaping addiction
By Brendan Pierson (Reuters) -E-cigarette company Juul Labs Inc and its former largest investor, Marlboro maker Altria Group Inc, on…
Angry Tesla Shanghai workers vent to Elon Musk over bonus cuts
SHANGHAI (Reuters) -Tesla’s Shanghai factory workers took to social media to appeal to Elon Musk and the Chinese public after…
ECB can review inflation goal once it’s achieved, Lagarde says
FRANKFURT (Reuters) – The European Central Bank can discuss changing its 2% inflation goal but only after it brings down…
China’s electric car drive, led by BYD, leaves global brands behind
SHANGHAI (Reuters) -China’s auto market, the world’s largest, is accelerating toward an electric future – leaving established global brands stuck…
Big investors amp up California’s port truck-charging plan
By Lisa Baertlein LOS ANGELES (Reuters) – California’s bustling seaports, dominated by massive container vessels and soaring cranes, may seem…
Eli Lilly to invest additional $1.6 billion in 2 new plants
(Reuters) – Eli Lilly and Co said on Monday it will invest an additional $1.6 billion at its two new…
US regulator calls for greater scrutiny of hedge funds after bond turmoil- FT
(Reuters) – Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), said hedge funds and other parts…