Record demand pushes silver into new era of deficits, Silver Institute says
LONDON (Reuters) – Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces,…
Economy
Biden’s push for electric vehicles hits deep in the heart of Texas
By Norihiko Shirouzu and Joseph White SAN ANTONIO, Texas (Reuters) – At Toyota Motor Corp’s sprawling factory here, just 16…
Stellantis recalls 131,700 Ram trucks over powertrain software issue – NHTSA
(Reuters) – Stellantis will recall 131,700 Ram 1500 pickup trucks manufactured in 2021 due to a powertrain software issue, the…
Netflix shares slip; five charts that break down its earnings
By Nivedita Balu and Tiyashi Datta (Reuters) – Netflix Inc’s shares fell nearly 3% on Wednesday after the streaming pioneer…
Canadian housing starts slow as BoC rate hikes weigh
By Fergal Smith TORONTO (Reuters) -Canadian housing starts fell more than expected in March, contributing to a slower trend in…
Factbox-How big U.S. banks are managing bad loan reserves
(Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans,…
U.S. extends Citgo’s protection from creditors for three months
WASHINGTON (Reuters) – The U.S. on Wednesday extended for three months a license that protects Venezuela-owned oil refiner Citgo Petroleum…
Ex-Trump Organization CFO Weisselberg released from jail
By Karen Freifeld (Reuters) -Former Trump Organization Chief Financial Officer Allen Weisselberg was released from jail on Wednesday, according to…
Glencore raises pressure on Teck Resources with promise of sweeter bid
By Clara Denina and Yadarisa Shabong LONDON (Reuters) -Glencore has told Teck Resources shareholders it is willing to improve its…
Morgan Stanley, Deutsche and others raise UK rate-hike forecasts
LONDON (Reuters) – A number of banks including Morgan Stanley and Deutsche Bank on Wednesday revised upward expectations for further…