(Reuters) – Boeing has increased production of its widebody 787 Dreamliner production from three to four planes per month, a company official said Tuesday. (Reporting by Valerie Insinna)
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell by about 4% on Tuesday on concerns about whether the U.S. Congress will pass the U.S. debt ceiling pact and as mixed messages from major producers clouded the supply outlook ahead of the OPEC+ meeting this weekend. Brent crude futures fell $3.09, or 4%, to…
By Hannah Lang and Alun John WASHINGTON/LONDON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan will closely watch currency market moves and respond “appropriately” as needed, the country’s…
By Mike Scarcella WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday declined to hear a bid by a New York lawyer to restrict how much money federal prosecutors can take from his 401(k) retirement accounts to compensate fraud victims after he was convicted in a scheme involving former pharmaceutical executive Martin Shkreli. The justices…
By Shreyashi Sanyal (Reuters) – Wall Street’s main indexes were set to open higher on Tuesday as lawmakers tentatively agreed to raise the nation’s debt limit to avert a default, while shares of Nvidia led a rally among chipmakers and AI-related firms. U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy on…
WASHINGTON (Reuters) – The Transportation Security Administration screened nearly 9.8 million passengers over the four-day Memorial Day weekend – about 300,000 more than over the same holiday period in 2019, the agency said on Tuesday. The agency said it screened 2.74 million passengers on Friday alone, the highest number in a single day since November…
BEIJING (Reuters) – China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China’s foreign minister Qin Gang said during a meeting with Tesla’s Elon Musk on Tuesday. China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk, according to…
(Corrects day of the week in first paragraph) FRANKFURT (Reuters) – The euro zone’s top banks may take a hit if their financial clients, such as funds, insurers and clearing houses, withdrew their deposits or otherwise ran into trouble, the European Central Bank warned on Tuesday. The ECB study looked into the risk of spillovers…
BILLY-BERCLAU, France (Reuters) – France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. The development by Automotive Cells Company, a joint-venture between Stellantis, Mercedes and TotalEnergies, involves total investment of 2 billion euros ($2.20 billion) – with…
BEIJING (Reuters) – A private jet used by Tesla Inc CEO Elon Musk has arrived in Beijing, according to a Reuters witness. Musk is expected to meet senior Chinese officials and visit Tesla’s Shanghai plant, sources have said, in what would be his first trip to China in three years. Tesla did not immediately…
