Reuters US Business

By Sabrina Valle and Marianna Parraga HOUSTON (Reuters) – Guyana’s coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell, Petrobras and Chevron, to consider the decade’s hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks, a move to speed economic …

Shell, Chevron and Petrobras weigh Guyana oil auction bids -sources Read More »

By Nick Carey DUNTON, England (Reuters) – Ford Motor Co’s push to use reams of data generated by its vans and trucks – from engines to oil filters or brake pads – to attract more customers in the European and U.S. commercial vehicle market plays out on a 9-metre-long (30 ft) screen at its UK …

Ford taps masses of vehicle data to stay ahead in commercial van market Read More »

By Alun John and Pablo Mayo Cerqueiro LONDON (Reuters) -London risks losing its appeal for stock market listings, some investors and financial executives said, with sluggish trading and low valuations driving more companies to float elsewhere. Arm, owned by Japan’s SoftBank, on Thursday said a U.S.-only initial public offering (IPO) was the “best path forward” …

SoftBank snub shows London risks losing its listings lustre Read More »

(Reuters) -Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company’s website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand. The price cuts, Tesla’s fifth adjustment since the start of the year, ranged from 4% on the …

Tesla cuts U.S. Model S and Model X prices between 4% and 9% Read More »

A look at the day ahead in European and global markets from Ankur Banerjee Investors have found their appetite for risky assets at the start of a crucial week, shrugging off the disappointment of China setting a modest target for economic growth this year, with European stocks set to carry the momentum. Coming off its …

Marketmind: Hopeful market awaits Powell testimony Read More »

By Foo Yun Chee BRUSSELS (Reuters) – A proposed European Union cloud security label that could exclude Amazon, Alphabet’s Google, Microsoft and other non-EU cloud services providers from the bloc is discriminatory and could lead to retaliatory measures, a study commissioned by a tech lobbying group said. The European Centre for International Political Economy (ECIPE) …

Tech-sponsored study criticises plan to exclude non-EU cloud vendors Read More »

By Divya Rajagopal TORONTO (Reuters) – Junior mining companies hoping to produce lithium, nickel and other green energy metals are worried that Canada’s crackdown on some overseas investors may limit their ability to raise funds for mines and related facilities. Ottawa last fall proposed bolstering its Investment Canada Act (ICA) to give government ministers power …

Miners grow anxious as Canada tightens foreign investment rules Read More »

WASHINGTON (Reuters) – A program to address the risks of outbound U.S. investment in areas with sensitive technology potentially harmful to national security would cost $10 million if set up this fiscal year, according to a U.S. Treasury Department report obtained by Reuters. The report surfaced as President Joe Biden’s administration weighs restrictions on outbound …

US Treasury puts cost of outbound investment risk program at $10 million Read More »

(Reuters) -Goldman Sachs Group Inc’s asset management arm is among the suitors for the U.S. based sandwich chain Subway, which has been put up for sale with an estimated $10 billion price tag, Sky News reported on Saturday. Bain Capital, TPG and TDR Capital are also among the other suitors, the report added. Goldman Sachs …

Goldman Sachs arm among bidders in possible $10 billion Subway sale, Sky News says Read More »

(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Saturday sounded a clear warning on the inflationary threat, and signaled that the U.S. central bank may raise interest rates further, and keep them there longer, than has been expected. Though inflation by the Fed’s preferred measure has fallen from its mid-2022 highs of …

Fed’s Daly: tighter policy, for a longer time, ‘likely’ needed Read More »