By Johann M Cherian and Noel Randewich (Reuters) – Wall Street ended sharply lower on Thursday after unexpectedly strong inflation data and a drop in weekly jobless claims added to fears that th[...]
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February 16, 2023
China to scrutinize Ford’s EV battery deal with CATL -Bloomberg News
(Reuters) -China will scrutinize Ford Motor Co’s latest deal with battery giant CATL to ensure the Chinese company’s core technology is not shared with the U.S. automaker, Bloomberg News r[...]
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U.S. official says Russia’s crude output cut signals unsold oil
By Arathy Somasekhar and Stephanie Kelly HOUSTON (Reuters) -Russia’s decision to cut crude oil production by 500,000 barrels per day reflects its inability to sell all of its oil, Ben Harris, a[...]
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DoorDash projects strong demand for food, grocery orders; shares jump
By Granth Vanaik (Reuters) – DoorDash Inc said on Thursday it would buy back $750 million worth of stock and projected a key profit measure above Wall Street estimates, following strong fourth-q[...]
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Air Lease says aircraft delivery delays not abating
(Reuters) – Air Lease Corp said on Thursday aircraft delivery delays were not getting any better as labor and parts shortages roil the aerospace industry. “Last year, we had delays on some[...]
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Visa’s finance chief Vasant Prabhu to leave payments giant
By Manya Saini (Reuters) -Visa said on Thursday its chief financial officer, Vasant Prabhu, will leave the company on Sept. 30, after eight years as one of the top executives at the payments giant. Sh[...]
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Exclusive-Crypto giant Binance moved $400 million from U.S. partner to firm managed by CEO Zhao
By Angus Berwick and Tom Wilson (Reuters) – Global cryptocurrency exchange Binance had secret access to a bank account belonging to its purportedly independent U.S. partner and transferred large[...]
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U.S. lawmakers seek answers from egg companies on record-high prices
By Leah Douglas (Reuters) – Two U.S. lawmakers have sent letters to the country’s top egg companies seeking answers for why egg prices have ballooned to record highs in recent months, acco[...]
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G20 watchdog homes in on decentralised finance after FTX crash
By Huw Jones LONDON (Reuters) – The G20’s Financial Stability Board (FSB) said on Thursday it would take steps to tackle “vulnerabilities” and data gaps in decentralised financ[...]
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