By Herbert Lash and Lawrence White NEW YORK/LONDON (Reuters) -Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed, while Treasury yields dipped as the weakness in equities revived a safe-haven bid for U.S. government debt. The stock market’s two-day relief rally ended as investors worried …
Stocks tumble on growth concerns, bond yields slip Read More »
WASHINGTON (Reuters) – The World Bank on Tuesday said it is not planning to provide any new financing to cash-strapped Sri Lanka until an adequate economic policy framework has been put in place. In a statement, the multilateral development bank said it was repurposing resources from previously approved projects to help the Sri Lankan government …
World Bank says no new financing for Sri Lanka without policy framework Read More »
By David Shepardson WASHINGTON (Reuters) – Hyundai Motor America will recall 281,000 vehicles in North America over seat-belt pretensioners that could explode and project metal fragments, causing injuries. The recall, which comes after three injury reports, covers some 2019-2022 Accent, 2021-2023 Elantra, and 2021-2022 Elantra hybrid vehicles. In the event of a crash, front driver …
Hyundai to recall 281,000 North American vehicles over exploding part Read More »
By Nayara Figueiredo SAO PAULO (Reuters) – China has temporarily suspended beef imports from four Brazilian slaughterhouses, two operated by JBS SA and two by rival Marfrig, according to a statement sent to Reuters confirming the move. The suspension was announced by the China’s General Administration of Customs and is effective immediately. The Chinese government …
China blocks four Brazil beef plants -agriculture ministry Read More »
By John McCrank NEW YORK (Reuters) – The U.S. dollar index hit nearly a one-month low on Tuesday after European Central Bank President Christine Lagarde said euro zone interest rates will likely be in positive territory by the end of the third quarter, giving the euro a boost. Lagarde’s comments implied an increase of at …
Dollar at one-month low as Lagarde comments lift euro Read More »
By Eric M. Johnson EVERETT, Wash. (Reuters) – A Boeing Co executive said there was no need to revamp the cockpit crew alerting system in its forthcoming 737 MAX 10 jet, as the U.S. planemaker races to complete its certification before a year-end deadline. “I personally have no belief that there’s any value in changing …
No data to support changing Boeing 737 MAX 10 cockpit alerting – executive Read More »
By Aditya Kalra DAVOS, Switzerland (Reuters) – India’s Andhra Pradesh has signed renewables investment pacts worth a total of around $16 billion with three companies including India’s Adani and an affiliate of Singapore’s GIC sovereign wealth fund, two state government officials said. The investment commitments were struck with Adani Green Energy, GIC-backed Greenko and India’s …
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co will pay $19.2 million to resolve allegations it falsely advertised real-world fuel economy and payload capacity for some hybrids and pickup trucks, the Iowa Attorney General’s Office said on Tuesday. The covers 2013–2014 C-Max hybrids and 2011–2014 Super Duty pickups. In 2013, Ford lowered the advertised fuel …
Ford to pay U.S. states $19.2 million over false advertising claims Read More »
By Daniel Wiessner (Reuters) -A California state judge has rejected Tesla Inc’s bid to send a lawsuit alleging widespread sexual harassment at the company’s flagship assembly plant to private arbitration, allowing it to move forward in court. California Superior Court Judge Stephen Kaus in Oakland denied Tesla’s motion to compel arbitration in a brief order …
Tesla loses bid to move sexual harassment lawsuit to arbitration Read More »
By Josh Ye and Brenda Goh HONG KONG/SHANGHAI (Reuters) -Vacation rental company Airbnb Inc will shut down all listings and experiences in mainland China from July 30, it said on Tuesday, joining a long list of Western internet platforms that have opted out of the Chinese market. The company made the announcement on its official …
Airbnb to shut domestic business in China from July 30 Read More »
