By Harry Robertson LONDON (Reuters) – Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley Bank, according to Bank of America figures released on Friday. BofA, citing EPFR data, said investors put $51.6 billion into money market…
BRUSSELS (Reuters) – Eva Kaili, the former European Parliament vice president accused of accepting bribes in one of the biggest scandals to hit European Union institutions, was released from custody to house arrest on Friday. The 44-year-old Greek Socialist was driven in a black Mercedes with her lawyer from Haren prison in northern Brussels to…
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have surged this week on renewed hopes of disinflation, peak interest rates and a soft economic landing – and earnings from Wall Street’s biggest banks now test the thesis. Friday sees first-quarter updates from JP Morgan, Wells Fargo and…
PARIS (Reuters) – LVMH, the world’s largest luxury goods group, has agreed to buy a majority stake in Platinum Invest Group, the owner of French jewellery producers Orest and Abysse, with an eye to bulking up production for its U.S. jeweller Tiffany. With the purchase of the company, which runs five workshops in eastern France…
(Reuters) – Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin. Following are details of the price cuts: CHINA Tesla reduced prices for all versions of its Model 3 and…
MILAN (Reuters) -Ferrari has a record order book for its models spanning into next year, Chairman John Elkann told the sports car maker’s shareholders on Friday. Elkann said the Italian company’s two latest models, the 296 GTS plug-in hybrid car and the Purosangue four-seater had boosted its product portfolio, “delivering a record number of orders…
(Reuters) – Global investors were big buyers in money market funds for a seventh straight period in the week to April 12 after a strong U.S. jobs report heightened expectations that the U.S. Federal Reserve would raise interest rates in May. Funds in the global money market drew a net $40.83 billion worth of inflows…
LONDON (Reuters) – The number of jobs being advertised online in Britain on April 6 was 18% lower than a year earlier, though up 1% from the week before, according to weekly data from recruiter Adzuna released by Britain’s Office for National Statistics. The ONS also said debit card spending at pubs, restaurants and fast…
FRANKFURT (Reuters) – Tesla has lowered the price of its Model 3 in Germany by 2,000 euros, or 4.5%, to 41,990 euros ($46,462) per vehicle, according to data on its website. The carmaker also cut the prices for the long range and performance versions of the Model 3. The Model 3 Performance version now sells…
By Tom Sims and Nette Noestlinger RATINGEN, Germany (Reuters) – In the German town of Ratingen, exploding cash machines are a hot-button topic. Two got blown up early on the same morning last month, at branches of Santander and Deutsche Bank across the street from each other close to the Duesseldorf suburb’s main square. A…
