A look at the day ahead in European and global markets from Tom Westbrook Sterling and the euro seem to be losing steam as currency markets tuck themselves in for a nap. JP Morgan’s G7 FX volatility index stands at a one-year low, with financial markets in holding patterns as they await developments in key…
(This May 8 story has been corrected to say that Mitsubishi Motors made the comment last month, not last week, in paragraph 18) SHANGHAI (Reuters) – China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc…
By David Shepardson WASHINGTON (Reuters) – An auto trade group warned on Tuesday that aggressive U.S. targets for reductions in vehicle emissions may rely on a too rapid transition to electric vehicles (EVs) and pose significant challenges with manufacturing and supply chains. The U.S. Environmental Protection Agency (EPA) has proposed sharp emissions cuts that it…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Tuesday, reversing a more than 2% drop earlier in the session, as markets weighed U.S. government’s plans to refill the nation’s emergency oil reserve and anticipated higher seasonal demand. Brent crude settled 43 cents, or 0.6% higher, at $77.44 a barrel, while U.S. West Texas…
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -A gauge of global equities fell on Tuesday as investors grew cautious ahead of key data on U.S. consumer prices, while the impasse over the U.S. debt ceiling sparked a sharp sell-off in short-dated Treasury bills. Disappointing forecasts from companies such as PayPal and Apple supplier…
MOSCOW/KYIV (Reuters) -Russia fired cruise missiles at Kyiv on Tuesday and paraded troops across Moscow’s Red Square for its annual celebration of victory in World War Two, pared back amid shortages of manpower and arms at the front after a failed winter campaign in Ukraine. In a fiery 10-minute speech in front of the Kremlin,…
By Laura Matthews NEW YORK (Reuters) – The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency…
By Aleksandar Vasovic BELGRADE (Reuters) -Tens of thousands of Serbians protested on Monday, demanding better security, a ban on violent TV content and the resignation of key ministers, days after two mass shootings killed 17 people. Crowds in numbers not seen in the Balkan country for years solemnly marched through the centre of…
(Reuters) – Russia fired cruise missiles at Kyiv and paraded troops across Red Square for its annual celebration of victory in World War Two, pared back amid shortages of manpower and weaponry at the front after a failed winter campaign in Ukraine. SYMBOLIC DAY * President Vladimir Putin said Russians were united in a “sacred”…
By Jonathan Stempel (Reuters) – A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc liable for approving the payments company’s purchase of Jay-Z’s streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did…
