By Divya Rajagopal TORONTO (Reuters) – A Canadian unit of global mining company Rio Tinto is facing a criminal case after an employee was seriously injured at an Arctic diamond mine, according to an announcement by local authorities. The accident took place on Jan 26, 2003 at the Diavik mine, which is located about 200 …
Rio Tinto unit faces criminal case in Canada over injured worker Read More »
(Reuters) -Tesla shares came under pressure on Monday after a report that Germany’s SAP was no longer planning to buy electric cars from the U.S. automaker and on Piper Sandler’s price target cut on the stock, citing lower delivery expectations this year. Shares of the Elon Musk-led company fell 4% to $180.46 in late afternoon …
Tesla falls on SAP snub report, Piper Sandler price target cut Read More »
RIYADH (Reuters) – U.S. weapons maker Lockheed Martin has signed agreements for Saudi Arabian companies to manufacture parts of its Terminal High Altitude Area Defense (THAAD) system, the company said on Monday. These sub-contracts will enhance manufacturing capabilities in Saudi Arabia and transfer expertise to strengthen the country’s defense industry, Lockheed said. (Reporting by Jana …
Saudi companies to make parts for Lockheed’s THAAD defense system Read More »
By Nell Mackenzie LONDON (Reuters) – Global hedge funds were poised to profit from the plunge that occurred in U.S. regional banking stocks last week, according to a JPMorgan prime brokerage note to clients on Saturday that cited data as of Jan. 31. U.S. regional bank stocks tumbled about 8% on Jan. 31 after New …
Global hedge funds remain short, ready for further US banking turmoil -JPMorgan Read More »
PARIS (Reuters) -Societe Generale plans to cut about 900 jobs at its Paris headquarters through voluntary departures, France’s third-biggest listed bank said on Monday, adding to a wave of job losses in the global financial industry. The planned cuts, which will be submitted to SocGen’s trade unions, represent less than 2% of the bank’s total …
French bank SocGen to cut about 900 jobs at Paris head office Read More »
ANKARA (Reuters) – Turkey’s newly appointed central bank governor Fatih Karahan said on Sunday that his team is determined to maintain tight monetary policy until inflation falls to levels consistent with their target. Karahan replaced Hafize Gaye Erkan on Saturday, hours after she resigned saying she needed to protect her family amid a “reputation assassination”. …
Turkey’s new central bank head plans tight monetary policy until inflation curbed Read More »
(Reuters) – Cryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking authorization to monetize its interests in two Grayscale Ethereum trusts, securities that provide investors exposure to cryptocurrency. The motion filed by Genesis late on Friday …
Crypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets Read More »
(This Feb. 2 story has been corrected to remove the word ‘Chinese’ from paragraph 9) By Abhirup Roy SAN FRANCISCO (Reuters) – Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a Cruise robotaxi accident, state data …
Driverless cars covered 5x more test miles in California in 2023 Read More »
By Jonathan Stempel NEW YORK (Reuters) -A judge has rejected Abbott Laboratories’ effort to dismiss a New York City grandmother’s lawsuit claiming it misled consumers into believing its PediaSure Grow & Gain nutrition drinks were “clinically proven” to help children grow taller. U.S. District Judge Paul Engelmayer in Manhattan said on Friday that Joanne Noriega’s …
Abbott Labs must face lawsuit over PediaSure height claims Read More »
By Stephen Culp NEW YORK (Reuters) – U.S. stocks ended sharply higher on Friday and the S&P 500 registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy, even while lowering the likelihood that the Federal Reserve will cut interest rates any time soon. The rally …
S&P 500 surges to record closing high on solid earnings, robust data Read More »
