By Ana Mano SAO PAULO (Reuters) – Brazil believes European Union rules banning products coming from areas of deforestation are “an affront” of World Trade Organization (WTO) rules, A[...]
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August 7, 2023
Lucid sticks to production goal, has enough cash for electric SUV next year
By Akash Sriram and Abhirup Roy (Reuters) -Luxury electric vehicle maker Lucid stuck to its annual production target on Monday and said it had enough cash to start producing its much-awaited sport uti[...]
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Yuan loses core support as firms leave China
By Samuel Shen and Tom Westbrook SHANGHAI/SYDNEY (Reuters) -Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy a[...]
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Wall St closes up, regains ground as US inflation report nears
By David French (Reuters) – U.S. stocks finished higher on Monday, regaining some of the ground lost last week, as investors added positions ahead of Thursday’s highly awaited U.S. inflati[...]
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Profits for Brazil’s Itau Unibanco up 14%, beat expectations
By Peter Frontini SAO PAULO (Reuters) -Brazilian lender Itau Unibanco reported a 14% increase in second-quarter net profit from a year earlier, beating expectations, while also keeping default rates s[...]
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Judge puts US, New York predatory lending lawsuit against Credit Acceptance on hold
By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Monday put on hold a predatory lending lawsuit against Credit Acceptance Corp by the U.S. Consumer Financial Protection Bureau and New[...]
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Reserve Bank of New Zealand: stress test shows life insurers can withstand shocks
By Lucy Craymer WELLINGTON (Reuters) – Reserve Bank of New Zealand said on Tuesday that its first life insurance industry stress test showed large insurers are well placed to withstand severe ec[...]
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EV firm Proterra files for Chapter 11 bankruptcy protection
(Reuters) -Electric-vehicle parts supplier Proterra filed for Chapter 11 bankruptcy protection on Monday, making it the latest company to go belly up in an industry grappling with supply chain constra[...]
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Paramount to sell Simon & Schuster to KKR for $1.62 billion
By Samrhitha A and Dawn Chmielewski (Reuters) -Paramount Global said it would sell Simon & Schuster to private-equity firm KKR & Co for $1.62 billion in cash, ending a year-long attempt to sel[...]
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