PARIS (Reuters) -Tesla is close to achieving fully autonomous vehicles, CEO Elon Musk said during a visit to Paris on Friday, adding autonomy was the “main driver” of the brand’s market value. The company’s shares rose by as much as 3% to their highest level in more than eight months. The world’s most valuable automaker,…
By Ana Mano SAO PAULO (Reuters) – The Brazilian unit of U.S. grains merchant Cargill has asked a bankruptcy court to halt the auction of two plants owned by soy crusher Imcopa, scheduled for June 27, in the latest twist of a running legal saga involving rival Bunge. In court documents seen by Reuters, Cargill…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares closed at a three-week high on Friday, underpinned by luxury and defensive stocks at the end of a week that was dominated by major central bank policy decisions. The continent-wide European STOXX 600 index rose 0.5%. The index gained 1.5% in the policy-packed week, its…
By David Shepardson (Reuters) -Two U.S. senators on Thursday urged the National Highway Traffic Safety Administration (NHTSA) to reconsider its decision to tell automakers not to comply with a recently effective Massachusetts state “right to repair” law designed to allow customers access to vehicle data. Massachusetts voters approved a 2020 ballot initiative to allow independent…
By Simon Johnson, John O’Donnell and Marie Mannes STOCKHOLM/FRANKFURT (Reuters) -Sweden’s government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider crisis – a potential harbinger of trouble across Europe. High debts, rising interest rates and a wilting economy has produced a toxic cocktail for…
BRUSSELS (Reuters) -U.S. Defense Secretary Lloyd Austin said he urged Turkey to allow Sweden’s entry into NATO during an introductory meeting on Friday with his new Turkish counterpart Yasar Guler during a gathering of NATO defense ministers in Brussels. “My purpose in meeting him today was an introductory meeting, just to congratulate him on being…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management has suspended further funds after increased investor redemptions, letters posted on the fund’s website showed. The hedge fund, once run by one of Britain’s best known star managers, Crispin Odey, has grappled with investor flight after the founder became the focus of sexual misconduct allegations in media…
By Leigh Thomas PARIS (Reuters) – One of the two pillars of a global corporate tax overhaul due to come into force next year is at risk of collapsing as plans over how to share taxing rights on the 100 biggest, most profitable multinationals fall victim to domestic U.S. politics. Nearly 140 countries are supposed…
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank is likely to opt against hiking interest rates further but chances of a rate cut are shifting later into 2023, or beyond, as inflation pressures linger, a Reuters poll showed on Friday. The central bank meets on June 21, following a narrow 4-3 vote in…
By Ali Kucukgocmen and Ezgi Erkoyun ISTANBUL (Reuters) – Turkey’s central bank is expected to raise its policy rate by a huge 1,150 basis points next week, from 8.5% to 20%, a Reuters poll showed on Friday, in a policy U-turn after rate cuts under President Tayyip Erdogan led to a cost-of-living crisis. The central…
