Today: May 20, 2024
Today: May 20, 2024

Business

Maltese central bank governor, deputy PM face fraud charges

Malta's attorney general has filed charges of fraud and misappropriation of funds against Central Bank of Malta Governor Edward Scicluna and Deputy Prime Minister Chris Fearne,

Maltese central bank governor, deputy PM face fraud charges

German council approves a revised plan by Tesla to expand its plant near Berlin

A local council in Germany has approved a plan by electric carmaker Tesla to expand the grounds of its first plant in Europe, a proposal which has drawn persistent protests this year

German council approves a revised plan by Tesla to expand its plant near Berlin

IMF board approves members to channel reserve assets to MDBs for hybrid instruments

The International Monetary Fund on Wednesday said its executive board has approved members to use their Special Drawing Rights (SDRs), or IMF reserve assets, to

IMF board approves members to channel reserve assets to MDBs for hybrid instruments

Upturn in Egypt's economic fortunes tempered by caution on reform

Egypt appears on track to break with past practice and let its currency float in line with IMF-backed reforms, but structural changes that could pull

Upturn in Egypt's economic fortunes tempered by caution on reform

China expected to stand pat on lending rates in May

China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference

China expected to stand pat on lending rates in May

Walmart's strong forecast signals a resilient consumer

A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key

Walmart's strong forecast signals a resilient consumer

Tesla gets local council go-ahead for German factory expansion

Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric

Tesla gets local council go-ahead for German factory expansion

China's BYD postpones plans for 2025 Chile lithium cathode plant

Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in

China's BYD postpones plans for 2025 Chile lithium cathode plant

Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says

(Reuters) -Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kan., according to an internal memo, as the company deals with high debt and slowed production at

Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says

New York's summer average electrical prices expected to drop 3%

The New York State Public Service Commission (NYPSC) on Thursday said that the average electricity prices for full-service residential customers are expected to be lower than last year

New York's summer average electrical prices expected to drop 3%

Buyout firm Roark explores sale of Primrose Schools, sources say

Private equity firm Roark Capital is exploring a sale of Primrose Schools that could value the U.S. education franchise at nearly $2 billion, including debt

Buyout firm Roark explores sale of Primrose Schools, sources say

Union offering Boeing representatives training on U.S. whistleblower laws

A Boeing engineering union said on Thursday it will offer its representatives training on U.S. whistleblower laws for the first time, following concerns that its members lack adequate

Union offering Boeing representatives training on U.S. whistleblower laws

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

HONG KONG (Reuters) -Chinese electric vehicle maker Xpeng said on Friday new U.S. tariffs on Chinese EVs are detrimental to achieving carbon neutrality and green energy transition.

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

GSK raises $1.5 billion from sale of remaining Haleon stake

British drugmaker GSK has raised 1.25 billion pounds ($1.52 billion) from a sale of its remaining stake in consumer healthcare company Haleon to institutional investors.

GSK raises $1.5 billion from sale of remaining Haleon stake

China to let local governments buy homes, cut mortgage rates to revive property sector

(Reuters) -China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on

China to let local governments buy homes, cut mortgage rates to revive property sector

European shares end lower on rate cut jitters; Richemont shines

By Ankika Biswas and Johann M Cherian (Reuters) -European shares closed lower on Friday, as investors turned cautious following remarks from a policymaker on the outlook for monetary policy, while

European shares end lower on rate cut jitters; Richemont shines

Google seeks non-jury trial in US ad tech lawsuit, filing says

Alphabet's Google in a court filing on Thursday is seeking a non-jury trial in the U.S.

Google seeks non-jury trial in US ad tech lawsuit, filing says

China's property investment decline worsens in January-April

Property investment in China in the first four months of 2024 fell 9.8% from a year earlier, after dropping 9.5% in the first quarter, indicating the sector is yet to bottom out

China's property investment decline worsens in January-April

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron offer

By Gary McWilliams HOUSTON (Reuters) -Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron offer

Bank of Japan in no rush to sell risky asset holdings

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank had no immediate plan to sell its huge holdings of exchange-traded funds (ETFs), which is drawing increased

Bank of Japan in no rush to sell risky asset holdings

China unveils 'historic' steps to stabilise crisis-hit property sector

By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) -China announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan (

China unveils 'historic' steps to stabilise crisis-hit property sector

Republicans urge Biden to prevent French work with Russian nuclear power company

Two influential Republican U.S. lawmakers have urged President Joe Biden to prevent a French company from working on civil nuclear power

Republicans urge Biden to prevent French work with Russian nuclear power company

Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week

The Dow Jones Industrial Average finished a day above the 40,000 level for the first time as U.S. stock indexes drifted around their record heights to close their latest winning week

Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week

Probe launched after Boeing cargo plane lands in Istanbul without front landing gear

By Huseyin Hayatsever and Bulent Usta ISTANBUL (Reuters) -A FedEx Airlines Boeing 767 cargo plane landed at Istanbul Airport on Wednesday without its front landing gear, a Turkish Transport Ministry

Probe launched after Boeing cargo plane lands in Istanbul without front landing gear

Egypt's foreign debt rises $3.5 billion in last quarter of 2023

Egypt's foreign debt climbed by $3.5 billion in the three months to the end of December, according to central bank data released on Thursday.

Egypt's foreign debt rises $3.5 billion in last quarter of 2023
LA Post

Follow