Category: Reuters

Post
Honda to launch new EV brand in China next year

Honda to launch new EV brand in China next year

Honda to launch new EV brand in China next year The Honda logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Pierre Albouy/File Photo BEIJING, Oct 13 (Reuters) – Japan’s Honda Motor (7267.T) will launch a new electric vehicle brand in China next year, it said on Wednesday,...

Post
Lordstown Motors names Adam Kroll as CFO

Lordstown Motors names Adam Kroll as CFO

Lordstown Motors names Adam Kroll as CFO A Lordstown Motors sign is seen outside the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook Oct 13 (Reuters) – Electric-vehicle maker Lordstown Motors Corp (RIDE.O) on Wednesday named Adam Kroll as chief financial officer. Lordstown said Kroll brings nearly 25 years of financial,...

Post
Analysis: UK linker frenzy sends investors abroad for inflation hedge

Analysis: UK linker frenzy sends investors abroad for inflation hedge

Analysis: UK linker frenzy sends investors abroad for inflation hedge Shoppers look at bread in a Sainsbury’s supermarket, amid the coronavirus disease (COVID-19) outbreak, in London, Britain January 12, 2021. REUTERS/Henry Nicholls/File Photo Labour and goods shortages fuelling UK inflation UK ‘breakeven’ rates have soared in recent weeks ‘Inflation tourists’ to blame, says one trader...

Post
EXCLUSIVE German economic institutes slash 2021 growth forecast to 2.4% -sources

EXCLUSIVE German economic institutes slash 2021 growth forecast to 2.4% -sources

EXCLUSIVE German economic institutes slash 2021 growth forecast to 2.4% -sources General view of empty streets in a business district near the central train station Hauptbahnhof, amid the coronavirus disease (COVID-19) pandemic, during lockdown in Berlin, Germany, January 20, 2021. REUTERS/Fabrizio Bensch BERLIN, Oct 13 (Reuters) – Germany’s economic institutes are slashing their 2021 growth...

Post
Analysis: Debt ceiling crises sharpen scrutiny of U.S. safe-haven status

Analysis: Debt ceiling crises sharpen scrutiny of U.S. safe-haven status

Analysis: Debt ceiling crises sharpen scrutiny of U.S. safe-haven status Debt ceiling raises concerns about US safe-haven status US dollar share in cbank reserves at lowest in 25 yrs – IMF Euro issuance in ESG markets helps euro status – bankers LONDON, Oct 13 (Reuters) – U.S. debt ceiling wrangles and the euro’s growing dominance...

Post
Earnings boost stocks as markets brace for U.S. inflation data

Earnings boost stocks as markets brace for U.S. inflation data

Earnings boost stocks as markets brace for U.S. inflation data Oil drops from Monday’s multi-year highs Dollar dips from Tuesday’s one-year high U.S., German bond yields edge off highs LONDON, Oct 13 (Reuters) – U.S. stock futures ticked up and European stocks reversed early losses on upbeat earnings on Wednesday, though markets were jittery ahead...

Post
U.S. NHTSA asks Tesla why it did not recall autopilot system – AP

U.S. NHTSA asks Tesla why it did not recall autopilot system – AP

U.S. NHTSA asks Tesla why it did not recall autopilot system - AP The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs Oct 13 (Reuters) – U.S. National Highway Traffic Safety Administration (NHTSA) has asked Tesla Inc (TSLA.O) why the electric-car maker has not filed...

Post
Delta Air warns of pre-tax loss in fourth quarter as fuel prices surge

Delta Air warns of pre-tax loss in fourth quarter as fuel prices surge

Delta Air warns of pre-tax loss in fourth quarter as fuel prices surge A Delta Air Lines Airbus A350-900 plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott Oct 13 (Reuters) – Delta Air Lines Inc (DAL.N) missed Wall Street estimates for quarterly revenue on Wednesday and warned of a...

Post
JPMorgan smashes profit estimates on M&A boom, wealth management strength

JPMorgan smashes profit estimates on M&A boom, wealth management strength

JPMorgan smashes profit estimates on M&A boom, wealth management strength A view of the exterior of the JPMorgan Chase & Co corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar Oct 13 (Reuters) – JPMorgan Chase & Co (JPM.N) reported a bigger-than-expected 24% jump in third-quarter profit on Wednesday, boosted by a global...

Post
Analysis: Giving up control pays big for private equity executives

Analysis: Giving up control pays big for private equity executives

Analysis: Giving up control pays big for private equity executives Oct 13 (Reuters) – Changes in the share structure of KKR & Co Inc (KKR.N), Apollo Global Management Inc (APO.N) and Carlyle Group Inc (CG.O) that strip the private equity firms’ founders of voting control are making them and their employees wealthier, according to a...