GM to invest over $1 billion in Flint plants to boost truck production
By Joseph White (Reuters) – General Motors Co said on Monday it plans to invest more than $1 billion to…
Economy
UBS expects to seal Credit Suisse takeover as early as June 12
By John Revill ZURICH (Reuters) -UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which…
Defense spending lifts US factory orders in April
(Reuters) – New orders for U.S.-made goods rose for a second straight month in April, boosted largely by defense spending,…
UniCredit CEO Orcel says “up for more” when asked about future
MILAN (Reuters) -UniCredit <CRDI.MI> Chief Executive Andrea Orcel said on Monday he would be “definitely up for more,” when asked…
Ferrari does not need to buy other supercar makers, CEO says
MILAN (Reuters) -Ferrari has no plans to purchase other sports car makers, the company’s Chief Executive Benedetto Vigna said on…
Spotify to lay off 200 workers in podcast division
(Reuters) – Spotify Technology SA said on Monday it would cut 200 jobs from its podcast unit in its second…
Italy sees no need to directly invest in Stellantis – minister
MILAN (Reuters) – Italy’s government has no need to directly invest in Stellantis as the carmaker is doing well, Economy…
Mexico headline inflation seen slowing for fourth consecutive month: Reuters poll
MEXICO CITY (Reuters) – Mexico’s headline inflation likely slowed for a fourth consecutive month in May, a Reuters poll on…
Insider buying in US regional banks at 3-year high as execs look to bolster confidence
By Shubham Batra (Reuters) – Regional bank executives buying shares in their own companies hit a three-year high in the…
ECB may need to keep raising rates beyond summer, Nagel says
FRANKFURT (Reuters) – The European Central Bank still needs several more interest rate hikes to rein in inflation and it…