Stocks stumble as Tesla drops, US yields retreat after data
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks was poised for its biggest daily percentage drop…
Economy
Dollar weakens as soft data backs US recession outlook
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell on Thursday as weak data reinforced expectations the world’s…
Higher US Fed rates ‘not a major concern’ for C$, BoC’s Macklem says
By Ismail Shakil OTTAWA (Reuters) -The impact of higher U.S. interest rates on the Canadian dollar is not a “major…
Explainer-Looming US debt ceiling fight is starting to worry investors
By Davide Barbuscia NEW YORK (Reuters) – A debt ceiling fight is looming in the U.S. yet again, giving investors…
Mercedes-Benz reports Q1 adjusted return on sales of 14.8%
BERLIN (Reuters) -Mercedes-Benz on Thursday posted first-quarter group adjusted return on sales of 14.8%, above market expectations, boosted by higher…
Oil falls 2% on recession fears, swelling US fuel stocks
By Laila Kearney NEW YORK (Reuters) -Oil prices slid by about $2 a barrel to their lowest level since late…
Yellen wants more World Bank reforms in coming months, eyes subnational lending
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said she is insisting that next steps in the…
Canada offering more than C$13 billion for VW battery plant – govt source
OTTAWA (Reuters) -Canada has agreed to provide up to C$13 billion ($9.7 billion) in subsidies and a C$700 million grant…
Alphabet to combine AI research units Google Brain, DeepMind
(Reuters) -Alphabet Inc is combining Google Brain and DeepMind, as it doubles down on artificial intelligence research in its race…
Renault chooses banks for planned listing of electric car unit Ampere – source
PARIS (Reuters) – French carmaker Renault has picked BNP Paribas, Goldman Sachs and JPMorgan among the investment banks slated to…