US House oversight panel asks Fed’s Powell for SVB documents
(Reuters) – The Republican-led U.S. House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand…
Modelo Especial tops Bud Light as most-sold US beer for second consecutive month
By Ananya Mariam Rajesh (Reuters) -Constellation Brands’ Modelo Especial was the top-selling beer brand in the United States for a…
Erdogan links Sweden’s NATO membership to Turkey’s EU accession
By Huseyin Hayatsever and Ece Toksabay ISTANBUL (Reuters) – Turkish President Tayyip Erdogan, in an unexpected move, said on Monday…
SVB Financial sues FDIC to recover $1.93 billion seized in bank rescue
(Reuters) -Bankrupt SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion that…
Western allies fine-tune security assurances for Ukraine as NATO meets
By John Irish and Andrius Sytas VILNIUS (Reuters) -Ukraine’s largest Western allies are still finalising a joint framework that would…
Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar
By Dhwani Pandya MUMBAI (Reuters) -Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing…
GM cuts Lyriq EV price in China by 14% as market pressures intensify
SHANGHAI (Reuters) – General Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost…
NY Fed survey finds waning near-term inflation expectations
By Michael S. Derby (Reuters) – Americans said in June they were expecting the weakest near-term inflation gains in just…
Timeline: Foxconn withdraws from $19.5 billion Vedanta chip plan in India
NEW DELHI (Reuters) – Taiwan’s Foxconn said on Monday it had withdrawn from a joint venture with conglomerate Vedanta, in…
On eve of NATO meet, Ukrainian troops eye more help amid tough fighting
By Max Hunder and Vitalii Hnidyi DONETSK REGION, Ukraine (Reuters) – On the eve of a key NATO summit in…