NEW YORK (Reuters) – Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts remain down $5.52 billion for the year so far in mark-to-market losses, S3 Partners wrote in a note Wednesday. (Reporting by Caroline Valetkevitch; Editing by Chris Reese)
LONDON (Reuters) – Credit Suisse has lodged a $440 million claim against Japan’s SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. The Swiss lender is trying to recover client funds that Greensill had lent to Katerra, a SoftBank-backed…
By Tim Hepher PARIS (Reuters) -Airbus told shareholders on Wednesday that European nations on need to “get their act together” on strategic autonomy and said it stood ready to help shore up Europe’s shaky industrial cooperation on defence, but appealed for governments to back promises with factory orders. The chairman of Europe’s largest aerospace group,…
By Maiya Keidan TORONTO (Reuters) – Hedge fund bets against Canada’s TD Bank Group hit $6.1 billion on Wednesday, a 45% increase from 14 days ago, according to data provider ORTEX’s calculations, one day ahead of the Canadian lender’s annual general meeting. Analysts attributed the short bets to the TD’s planned acquisition of U.S. lender…
JERUSALEM (Reuters) – Israel’s Foreign Minister Eli Cohen on Wednesday held out the prospect of a visit in the future to Saudi Arabia, and said at least one more Arab country would normalise ties with Israel this year. “This (visit to Saudi Arabia) is on the table, there is no date yet,” he said, speaking…
WINTERTHUR, Switzerland (Reuters) -Swiss inflation may be low compared to other countries but is still too high, Swiss National Bank Vice Chairman Martin Schlegel said on Wednesday, hinting at possible further interest rates ahead. “It is clearly above the level we associate with price stability,” Schlegel told an event in Winterthur. “We cannot rule out…
By Foo Yun Chee BRUSSELS (Reuters) – Forty-two German associations and trade unions representing more than 140,000 authors and performers on Wednesday urged the European Union to beef up draft artificial intelligence rules as they singled out the threat to their copyright from ChatGPT. Trade unions for the creative sector Verdi and DGB and associations…
By Chris Mfula LUSAKA (Reuters) -Zambia’s official creditors, which include China, are getting closer to signing a memorandum of understanding on debt relief to the country in May, in what would be a key step needed to pave the way for more IMF funding, sources told Reuters. Zambia has been in default since 2020 when…
(Reuters) -Costs in Russia’s manufacturing sector rose for the second month running in March, data from the state statistics service Rosstat showed on Wednesday, driven by a sharp jump in the cost of mining, extraction and some petroleum product production. The producer prices index (PPI), a measure of costs in the manufacturing sector, increased 0.9%…
By Andy Bruce LONDON (Reuters) – Britain’s unwanted status as the only large advanced economy still to have double-digit inflation represents just one symptom of the serious economic malaise faced by the country. Annual consumer price inflation (CPI) in Britain fell to 10.1% last month but defied forecasts for a bigger drop from February’s 10.4%,…
