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(Reuters) – Tesla Inc has announced it has stopped taking new orders for its flagship Model X and Model S outside North America, Electrek reported on Friday. According to the report, which cited an email Tesla started sending to customers waiting for their Model S and Model X orders in Europe, the U.S. electric-vehicle maker …

Tesla stops taking new orders for flagship models outside North America -Electrek Read More »

(Reuters) – U.S. consumers’ moods brightened unexpectedly in early December with an outsized increase in sentiment among lower-income households lifting overall sentiment from the lowest in a decade, a survey showed on Friday. The University of Michigan’s closely watched Consumer Sentiment Index rose to 70.4 this month from a final November reading 67.4, which had …

Consumer sentiment rises unexpectedly in early December Read More »

MUNICH (Reuters) – French train maker Alstom plans to cut up to 1,300 of its roughly 10,000 jobs in Germany over the next three years as part of a restructuring after the purchase of Bombardier’s rail unit, a spokesperson for the company said. Production of trains in Germany, where Alstom has its biggest workforce, is …

Alstom to cut up to 1,300 jobs in Germany in restructuring drive Read More »

By Giuseppe Fonte ROME (Reuters) – Italy is considering offering compensation to firms penalised by the use of its anti-takeover powers, two government officials said, in a move intended to reduce the risk of legal disputes. Prime Minister Mario Draghi has repeatedly used the so-called “golden powers” since he came to office in February to …

Italy may compensate firms hit by anti-takeover powers, sources say Read More »

NEW YORK (Reuters) – U.S. consumer prices increased further in November as the cost of goods and services rose broadly amid supply constraints, leading to the largest annual gain since June 1982, which could encourage the Federal Reserve to quickly wind down its bond purchases. The consumer price index rose 0.8% last month after surging …

Nov CPI heats up to highest year-on-year rate since 1982 Read More »

(Reuters) – U.S. bond funds have attracted record inflows this year, despite worries about inflation and expectations the Federal Reserve could roll back its pandemic-era stimulus measures earlier. According to Refinitiv Lipper data, U.S. bond funds attracted a net $612 billion in the first eleven months of this year, already surpassing the record inflow of …

Inflows into U.S. bond funds dwarf equity purchases in 2021 -Lipper Read More »

By David Shepardson WASHINGTON (Reuters) – The U.S. Transportation Department on Friday said it is awarding $12.6 million in grants for nine marine highway projects as part of ongoing efforts to improve ports and address supply chain issues. Transportation Secretary Pete Buttigieg said in a statement the funds “will help us move more goods, more quickly and …

U.S. awarding $12.6 million for marine highway projects Read More »

By Carolyn Cohn LONDON (Reuters) – The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. Potential buyers take out insurance to protect against issues such as misrepresentation by a target of its performance or …

Deal or no deal, insurance rates soar to cover M&A boom Read More »

MADRID (Reuters) – Spanish bank Santander has been ordered by a Madrid court to pay Italian banker Andrea Orcel 67.8 million euros ($76.40 million) over a withdrawn offer to make him chief executive. The ruling came more than three years after Santander announced plans to make Orcel, one of Europe’s best-known investment bankers and now …

Factbox-Santander vs Andrea Orcel: how did things go sour? Read More »