Tesla cuts US prices for sixth time this year ahead of quarterly results
By Abinaya V and Aditya Soni (Reuters) -Tesla Inc cut prices for some of its Model Y and Model 3…
Economy
Jaguar Land Rover boosts investment to catch up in EV race
By Nick Carey and Sachin Ravikumar LONDON (Reuters) -Jaguar Land Rover (JLR) will invest 15 billion pounds ($19 billion) over…
Brazil new fiscal framework designed to ‘last for long time’ -official
SAO PAULO (Reuters) – Brazil’s Treasury Secretary Rogerio Ceron said on Wednesday that a new fiscal framework proposed by the…
Insurer Travelers profit falls as costs from severe storms bite
(Reuters) -Property and casualty insurer Travelers Companies Inc on Wednesday reported a fall in quarterly profit, hurt by severe wind…
Market stress may pressure Spanish banks despite strong liquidity- cenbank
By Jesús Aguado MADRID (Reuters) -Spanish lenders may feel the impact from rising global risks, such as the higher cost…
Abrdn weighs split of private equity assets to draw fresh bids –source
By Pablo Mayo Cerqueiro and Iain Withers LONDON (Reuters) – Abrdn is seeking to individually sell a batch of private…
Airline capacity constrained until 2025 due to delivery delays, spare parts -IATA
DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the…
Import ban pushes Pakistan back to budget account surplus
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s current account recorded a surplus in March, the highest in two years, the…
Storm clouds gather over highly indebted companies, Moody’s says
By Matt Tracy WASHINGTON (Reuters) – Credit ratings agency Moody’s Investors Service Inc said on Wednesday it has pushed more…
Japan’s SMFG is first global bank to sell AT1 bonds since C.Suisse wipeout
By Junko Fujita TOKYO (Reuters) -Japan’s Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on…