TOKYO (Reuters) – Tesla Inc cut prices in Japan of its Model 3 and Y electric vehicles by low single-digit percentages from the start of this month, it said on Tuesday. The company slashed prices for all variants of its lower-priced Model 3 by about 3%, its website showed, while reducing those of all Model…
By Emilio Parodi MILAN (Reuters) – Italy expects to take until the end of the year for an initial assessment of Facebook parent Meta in a tax case that could land the U.S. company with a bill of around 870 million euros ($925 million) and prove a test case for the tech sector. Although a…
By Lewis Jackson SYDNEY (Reuters) -Australia’s fourth largest pension fund suspended new work with PwC Australia on Tuesday, the latest in a string of funds to pause work with the accounting firm over a scandal which first surfaced in January over the misuse of government tax plans. The decision by UniSuper, which manages A$115 billion…
A look at the day ahead in U.S. and global markets from Mike Dolan As U.S. markets return from Independence Day, the Federal Reserve’s slightly awkward deliberations are laid bare again just as China’s markets shrink from more unnerving economic signs. Minutes from the Fed’s last policy making meeting – where it paused its brutal…
By Michael S. Derby (Reuters) – Federal Reserve meeting minutes from the June policy gathering to be released on Wednesday are likely to show an active debate among policymakers who still on balance appear inclined to support more action to tame inflation. The meeting minutes, due at 2 p.m. EDT (1800 GMT), will arrive after…
By Kanishka Singh WASHINGTON (Reuters) – Suspended Texas Attorney General Ken Paxton will not testify in his upcoming impeachment trial in the state Senate, his lawyer said late on Monday, indicating Paxton would fight efforts that may aim to compel a testimony from him. State legislators impeached Paxton on May 27 on charges including bribery…
LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal ruled on Tuesday, dismissing the tech giant’s appeal in a long-running dispute with a U.S. patent holder. Texas-based Optis Cellular Technology LLC sued Apple in 2019 over its use of patents which Optis says are…
By Andrea Shalal WASHINGTON (Reuters) -Janet Yellen’s first trip to China as U.S. Treasury Secretary will focus on recalibrating ties between the world’s two largest economies as military communications remain frozen and Beijing’s new restrictions on exports of some metals spark fresh tensions. U.S. officials say they expect “candid” discussions during Yellen’s July 6-9 trip,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks’ tendency to move in sync has plunged to near-record lows, but what might seem like a stock picker’s dream may actually be a mirage, and investors may be in for a rude awakening. S&P 500 correlation – a gauge of herd behavior, which measures how…
By Qiaoyi Li and Brenda Goh BEIJING/SHANGHAI (Reuters) -U.S. automaker Tesla and its chief Chinese rival BYD achieved record deliveries of their China-made vehicles in the second-quarter, China Passenger Car Association (CPCA) data showed, as a fight for market share heats up. Tesla sold 93,680 China-made electric vehicles (EVs) in June, up 18.72% from a…
