By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said it is holding discussions with Ford Motor after the automaker halted F-150 Lightning productio[...]
Read more
February 16, 2023
Exclusive-SoftBank’s Arm China profit drops over 90% in 2022 -document
By Jane Lanhee Lee and Kane Wu OAKLAND, Calif./HONG KONG (Reuters) – Chip technology firm Arm China suffered a 90% drop in profit last year despite revenue rising more than 30% during the first[...]
Read more
RBNZ to hike rates 50bps on Feb. 22, another 50bps due by mid-year: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will scale down its tightening campaign only slightly with a half-point interest rate hike to 4.75% on Wednesday as inf[...]
Read more
Will Walmart open wallets? Prices in focus as retailer reports earnings
By Uday Sampath Kumar and Siddharth Cavale (Reuters) – Walmart Inc’s results on Tuesday will provide Wall Street with new details on what items American shoppers are buying as rising groce[...]
Read more
Dollar rises to six-week peak as strong U.S. retail sales bolster higher-rates scenario
(This Feb. 15 story has been refiled to mention the full title of analyst as the head of FX risk advisory at Silicon Valley Bank in paragraph 5) By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK[...]
Read more
Exxon accepted risk of a refinery lockout ahead of labor talks
By Erwin Seba HOUSTON (Reuters) – Exxon Mobil labor negotiators advised managers ahead of 2021 talks that they believed the company might have to lock out Texas refinery workers to achieve its a[...]
Read more
Fidelity Investments to expand workforce by 4,000 in first half of 2023
(Reuters) – Fidelity Investments is planning to increase its headcount by 4,000 in the first half of this year, a spokesperson for the asset manager said in an emailed statement on Thursday. The[...]
Read more
Exclusive-Banxico’s rate hike cycle almost over, seen ending at 11.25%-11.75%, says deputy governor
By Anthony Esposito and Noe Torres MEXICO CITY (Reuters) -The Bank of Mexico’s monetary tightening cycle is nearing its end and nominal interest rates could top out between 11.25% and 11.75%, at[...]
Read more
Oil steady on mixed U.S. economic data, crude inventory growth
By Laila Kearney NEW YORK (Reuters) -Oil prices fluctuated in a narrow range on Thursday as the market weighed mixed U.S. economic signals and prospects for a Chinese demand recovery with a build in U[...]
Read more