FedEx paring costs, grounding more planes as margin pressure persists
(This June 20 story has been corrected to change share repurchase figure to $2 billion, from $2 million, in paragraph…
Updated
Russia says Biden calling Xi a ‘dictator’ shows US is erratic
MOSCOW (Reuters) -Russia said on Wednesday that U.S. President Joe Biden’s reference to his Chinese counterpart Xi Jinping as a…
Tesla’s Musk says eyeing significant India investments after meeting Modi
By Hyunjoo Jin and Shivangi Acharya SAN FRANCISCO/NEW DELHI (Reuters) -Tesla chief executive Elon Musk said India’s Prime Minister Narendra…
Mazda eyes EV battery supply partnership with Panasonic Energy
TOKYO (Reuters) -Japanese automaker Mazda Motor and the energy unit of Panasonic Holdings will start talks to set up a…
German recession will be sharper than expected: Ifo
BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on…
Australian lawmaker calls for international probe into PwC govt tax leak
By Lewis Jackson SYDNEY (Reuters) -The chair of an Australian senate committee looking into PricewaterhouseCoopers’ leak of a confidential government…
Suspected smugglers detained pending trial over migrant shipwreck off Greece
ATHENS (Reuters) -Nine men charged over the worst shipwreck in the Mediterranean Sea this year that killed at least 82…
CBA lowers home loan buffer rates for some refinancing clients to 1%
(Reuters) -Commonwealth Bank of Australia on Wednesday cut its buffer rate for some borrowers refinancing their existing home loan to…
Paris finance summit to push development banks to take on more risk -draft
By John Irish PARIS (Reuters) -Leaders meeting this week at a summit in Paris are set to back a push…
BOJ’s Adachi sees only small chance of July policy tweak
By Leika Kihara KAGOSHIMA, Japan (Reuters) -Bank of Japan board member Seiji Adachi said the chance of tweaking the bank’s…