UK banks asked by lawmakers if they’re ‘exploiting’ savers with low rates
By Iain Withers LONDON (Reuters) -British banks faced fresh criticism on Monday for the savings rates they offer to cash-strapped…
European shares end lower as healthcare declines outweigh miner gains
By Amruta Khandekar and Shreyashi Sanyal (Reuters) -European shares erased gains by the closing bell to finish lower on Monday…
Rivian beats estimates for second-quarter EV deliveries, shares jump
By Chavi Mehta (Reuters) -Rivian Automotive beat market estimates for second-quarter deliveries on higher production and stable demand for its…
‘Slippery’ actor Kevin Spacey tried to groom me, man tells UK court
By Michael Holden LONDON (Reuters) -An alleged sex assault victim of Kevin Spacey said the “slippery” Hollywood actor had tried…
Turkey pledges to keep tightening until inflation outlook improves
By Orhan Coskun, Ezgi Erkoyun and Huseyin Hayatsever ANKARA (Reuters) – Turkey will continue its monetary policy U-turn, which began…
Billionaire Ambani’s Reliance Jio renews rural India push with $12 4G phone
(Reuters) -Reliance Jio said on Monday it would launch a 4G feature phone priced at 999 rupees ($12.19), the latest…
Bank of England warns lenders over private equity, commodities exposure
By Huw Jones LONDON (Reuters) -The Bank of England said on Monday that banks may be underestimating their exposure to…
Spread between 2- and 10-year Treasuries at deepest inversion since ’81
By David Randall (Reuters) – A widely watched section of the U.S. Treasury yield curve hit its deepest inversion on…
Tesla beats second-quarter delivery estimates as price cuts pay off
(Reuters) -Tesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates…
Mozambique ‘tuna bond’ case against Credit Suisse can proceed, UK judge rules
By Kirstin Ridley LONDON (Reuters) -Mozambique’s blockbuster lawsuit against Credit Suisse and others over the $2 billion “tuna bond” scandal…