BEIJING (Reuters) -Tesla registered plans for a new six-seater Model Y L in China with a wheelbase of 3,040 mm, according to filing information published on China’s industry ministry website on Wednesday. Tesla also posted the message “Model Y L, see you in the fall” on its Weibo account, along with images of a car …
Tesla registers plans for new six-seater Model Y L in China Read More »
(Reuters) -U.S. bank PNC Financial reported an 11.2% rise in second-quarter profit on Wednesday, aided by higher interest and fee income. A robust labor market and spending trends boosted major stock indices to record highs through the end of June, after a few turbulent months following the Trump administration’s U.S. tariff announcements. M&A activity also …
PNC Financial’s quarterly profit rises on higher interest income, fees Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets U.S. long-bond rates have climbed back above 5% with the June consumer price report showing signs of tariff-related inflation, agitating global bond markets anew in an edgy week for government debt. I’ll get into …
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) -Indonesia’s president said U.S. counterpart Donald Trump was a “tough negotiator” after the two countries reached a trade deal that led to a reduction of proposed tariff rates to 19% from 32%. The deal is among only a handful reached so far by the Trump administration ahead …
Indonesia clinches US trade deal, says Trump was a ‘tough negotiator’ Read More »
By Melanie Burton and Ellen Zhang MELBOURNE/BEIJING (Reuters) -Major miner BHP said it is too costly for Australia to build a “green iron” industry, even after the country and China agreed this week to jointly work to decarbonise the steel supply chain, responsible for nearly a tenth of global emissions. BHP Australia chief Geraldine Slattery, …
BHP says Australian green iron too costly despite joint China deal Read More »
By Pushkala Aripaka (Reuters) -AstraZeneca’s experimental therapy anselamimab did not meet the main goal of a late-stage study for the treatment of a rare condition that causes a buildup of protein deposits in the body, the drugmaker said on Wednesday, sending shares down 1.3%. The study was assessing a combination of how often patients with …
AstraZeneca therapy for clearing protein deposits fails main goal in late-stage study Read More »
By Foo Yun Chee BRUSSELS (Reuters) -Universal Music Group unit Virgin Music Group’s $775 million acquisition of Downtown Music faces a full-scale EU antitrust investigation on concerns about its impact on competition, three people with direct knowledge of the matter said. Virgin Music announced the deal last December, triggering criticism from a wide swathe of …
(Reuters) -Foreign investors pulled funds from Asian bonds in June for the first time in five months, as concerns over a U.S. tariff deadline and heightened tensions in the Middle East weighed on sentiment. They divested a net $2.11 billion worth of local bonds during the month, registering the first monthly net sales since January, …
Asian bonds see first monthly foreign outflow in five months Read More »
By Howard Schneider WASHINGTON (Reuters) -Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in what economists see as evidence of the Trump administration’s increasing import taxes passing through to consumers. Overall consumer prices rose 0.3% in June, a roughly 3.5% annual rate, after …
Fed’s inflation fears start to be realized with June CPI increase Read More »
By Ernest Scheyder (Reuters) -Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth. The backing from one of the world’s most valuable companies comes after MP, …
Apple in $500 million rare earth magnet deal with MP to expand US supply chain Read More »
