BEIJING (Reuters) -Tesla is launching a free trial of its Full Self-Driving (FSD) service in China from March 17 to April 16, the company said on its Chinese website. The limited-time trial is available to Chinese users whose cars are equipped with compatible assisted-driving hardware and software, as well as the newest version of navigation …
Tesla launches free trial of assisted driving service in China Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Friday’s sharp bounce on Wall Street flattered a rough week, but stock futures were back in the red again early today as investors continue to fret about the impact of all the …
By Ariane Luthi ZURICH (Reuters) -UBS CEO Sergio Ermotti’s total pay was 14.9 million Swiss francs ($16.9 million) last year, with the bank keeping his remuneration in check as it navigates a tense political debate about how it is regulated. That compares with the 14.4 million francs for nine months’ work in 2023 when Ermotti …
UBS keeps CEO Ermotti’s pay in check amid regulation tussle Read More »
By Howard Schneider WASHINGTON (Reuters) – New economic projections from Federal Reserve officials this week will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of Trump administration policies that have clouded a previously solid economic outlook. Top forecasters have marked down their expectations for growth this year, upped …
Fed officials prepare to lay down marker on impact of Trump policies Read More »
By Richa Naidu LONDON (Reuters) – Some investors fear Reckitt may be forced to raise its prices in the United States or face higher costs as its low manufacturing capacity there compared to some rivals leaves the company more exposed to new U.S. tariffs on imports from Mexico. Reckitt, which makes Lysol cleaning products and …
As trade war intensifies, Reckitt may be more exposed than some rivals Read More »
SHANGHAI/SINGAPORE (Reuters) – Foreign investors are rushing into Chinese interbank debt instruments as mainland yields rise, seeking to exploit the advantage of favourable currency conversion rates and the refuge offered by the market’s low correlation with the rest the world. U.S. dollar investors in particular are snapping up negotiable certificates of deposit (NCDs) — popular …
Foreign investors lured to high-yielding Chinese bank debt Read More »
By Anton Bridge TOKYO (Reuters) -Nomura Holdings, Japan’s largest securities firm, said on Monday it has partnered with regional lender Hyakujushi Bank to boost its wealth management services. Hyakujushi Bank, based in Kagawa prefecture, will pass on some of its customer accounts, such as stock and bond investment trust accounts, to Nomura, which, in turn, …
Japan’s Nomura ties up with regional bank Hyakujushi to boost wealth business Read More »
FRANKFURT (Reuters) – The euro zone housing market has already recovered from its recent slump and prices are likely to rise further, challenging affordability in a potentially unhealthy development, the European Central Bank said in an Economic Bulletin article. House prices slumped from 2022 as surging inflation, high energy costs and rising interest rates all …
Rapid euro zone house market recovery raises affordability concerns, ECB says Read More »
OAKLAND, California (Reuters) – OpenAI and Elon Musk have agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest person and OpenAI CEO Sam Altman playing out publicly in court. Billionaire Elon Musk and OpenAI jointly proposed a trial in December, according to a federal …
OpenAI and Musk agree to fast tracked trial over for-profit shift Read More »
By Adwitiya Srivastava and Rishav Chatterjee (Reuters) -National Australia Bank Chief Financial Officer Nathan Goonan will leave the lender later this year to join rival Westpac, the Australian banks said in separate statements on Monday. NAB announced the exit of its finance chief along with a number of other senior executive changes, after which Westpac …
National Australia Bank finance chief Nathan Goonan will exit to join Westpac Read More »
