Modelo Especial tops Bud Light as most-sold US beer for second consecutive month
By Ananya Mariam Rajesh (Reuters) -Constellation Brands’ Modelo Especial was the top-selling beer brand in the United States for a…
Business
SVB Financial sues FDIC to recover $1.93 billion seized in bank rescue
(Reuters) -Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that…
Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar
By Dhwani Pandya MUMBAI (Reuters) -Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing…
GM cuts Lyriq EV price in China by 14% as market pressures intensify
SHANGHAI (Reuters) – General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost…
NY Fed survey finds waning near-term inflation expectations
By Michael S. Derby (Reuters) – Americans said in June they were expecting the weakest near-term inflation gains in just…
Timeline: Foxconn withdraws from $19.5 billion Vedanta chip plan in India
NEW DELHI (Reuters) – Taiwan’s Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta, in…
Italy govt, Stellantis aim to boost production in Italy to 1 million vehicles
By Giuseppe Fonte and Giulio Piovaccari ROME (Reuters) -Fiat parent Stellantis and the Italian government agreed on Monday to aim…
Brazil likely registered deflation in June, adding to rate cut case: Reuters Poll
By Gabriel Burin (Reuters) – Brazil likely registered mild deflation in June in monthly terms from lower fuel costs and…
Iran accuses U.S. Navy of defending fuel smuggling in Gulf incident
DUBAI (Reuters) – An Iranian Revolutionary Guards Commander accused the U.S. Navy on Monday of defending fuel smuggling in the…
Citigroup downgrades US stocks amid recession risks, upgrades Europe
(Reuters) -Citigroup on Monday downgraded U.S. stocks in anticipation of a pullback in growth stocks and a recession in the…