WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Monday said it has asked Mexico to investigate labor rights denial claims at a Goodyear Tire & Rubber Co plant in San Luis Potosi in the latest “rapid response” probe under North American trade rules. USTR in a statement said the request comes after the independent…
(Reuters) – U.S. automaker Ford Motor Co on Monday entered into a series of new deals to source battery-grade lithium, as it plans to scale up electric vehicle production and take advantage of government tax credits. Robust demand for environment-friendly vehicles has sent North American automakers scrambling for a steady supply of raw materials to…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional…
By Doyinsola Oladipo NEW YORK (Reuters) – Lillian Smith has spent about eight of the last 12 months traveling around the world, hitting France, Morocco, Japan and South Korea. Her cost for lodgings in that time? About one night in a hotel, along with the time she spent walking dogs, watering plants and changing litter…
By Padraic Halpin DUBLIN (Reuters) -Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead European Union privacy regulator over its handling of user information and given five months to stop transferring users’ data to the United States. The fine, imposed by Ireland’s Data Protection Commissioner (DPC), came after Meta…
(Reuters) – U.S. stock index futures remained nearly flat in the early hours of Monday, just ahead of the discussions about raising the debt ceiling after a brief pause late last week, while shares of Micron Technology Inc fell following China’s ban on its chips. Hopes that a deal would be struck sometime over the…
By Iain Withers and Amy-Jo Crowley LONDON (Reuters) -British state-backed bank NatWest has agreed to buy 1.3 billion pounds ($1.6 billion) worth of its shares back from the government, as it edges closer towards private ownership 15 years after it was bailed out in the global financial crisis. The deal will reduce the government’s stake…
By Stella Qiu and Rae Wee SYDNEY/SINGAPORE (Reuters) – European shares were off to a cautious start on Monday while Wall Street futures struggled, with traders left on edge as U.S. debt ceiling negotiations approached crunch time after stalling last week. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss…
LONDON (Reuters) – Britain sold 1.26 billion pounds ($1.59 billion) of shares in NatWest, reducing its stake to 38.6%, it said on Monday, the sixth tranche of shares it has sold since the government intervened to rescue the bank in 2008. “Today’s sale is another major milestone in returning NatWest to full private ownership as…
By Joyce Lee and Brenda Goh SEOUL/SHANGHAI (Reuters) -A move by Beijing to bar U.S. firm Micron Technology Inc from selling memory chips to key domestic industries has ramped up tensions in an ongoing trade spat with Washington and lifted shares of firms that could benefit from the move. China’s cyberspace regulator said late on…
