The manufacturing backlash: No factory in my backyard
By Timothy Aeppel and Ben Klayman MARSHALL, Michigan (Reuters) – Fred Chapman has a message for Ford Motor Co, which…
Economy
Brazil govt eyes sending income tax reform proposal to Congress
BRASILIA (Reuters) – President Luiz Inacio Lula da Silva’s government will not wait for Brazil’s Congress to finish voting on…
US wholesale inventories revised up in boost to second-quarter GDP
WASHINGTON (Reuters) -U.S. wholesale inventories were unchanged in May after declining for two straight months, suggesting inventory investment could support…
LeapFrog plans $500 million investment in Asian, African climate transition firms
By Simon Jessop LONDON (Reuters) – Sustainability-focused asset manager LeapFrog Investments said it plans to invest $500 million in companies…
US House oversight panel asks Fed’s Powell for SVB documents
(Reuters) – The Republican-led U.S. House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand…
SVB Financial sues FDIC to recover $1.93 billion seized in bank rescue
(Reuters) -Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that…
Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar
By Dhwani Pandya MUMBAI (Reuters) -Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing…
GM cuts Lyriq EV price in China by 14% as market pressures intensify
SHANGHAI (Reuters) – General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost…
NY Fed survey finds waning near-term inflation expectations
By Michael S. Derby (Reuters) – Americans said in June they were expecting the weakest near-term inflation gains in just…
Fitch upgrades Pakistan’s sovereign rating to CCC after IMF deal
By Asif Shahzad ISLAMABAD (Reuters) – Fitch credit rating agency on Monday upgraded Pakistan’s long-term foreign currency issuer default rating…