By Aditya Kalra NEW DELHI (Reuters) – Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two[...]
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September 21, 2023
US current account deficit narrows in second quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the second quarter as surpluses on services and primary income offset a shortfall on goods, data showed on Thursday. T[...]
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End is in sight for global rate hiking cycle
LONDON (Reuters) – Big central banks are closing in on the end of their rate hiking cycles, starting to surprise markets as their outlooks on when and how they will cease monetary tightening div[...]
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Exclusive-JSW in talks with LG Energy Solution to make EV batteries in India -sources
By Aditi Shah and Neha Arora NEW DELHI (Reuters) – Indian steel-to-energy group JSW is in early stage talks with Korea’s LG Energy Solution (LGES) about jointly manufacturing batteries in[...]
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Nigeria central bank postpones next week’s policy meeting
ABUJA (Reuters) – Nigeria’s central bank said on Thursday that it had delayed an interest rate meeting that had been planned for next week and that it would schedule a new meeting later. I[...]
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Analysis-Amid Israel turmoil, markets want continuity at central bank helm
By Steven Scheer JERUSALEM (Reuters) – Financial markets are hoping Prime Minister Benjamin Netanyahu keeps Bank of Israel Governor Amir Yaron for a second term to safeguard the bank’s ind[...]
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Exclusive-Vietnam’s VinFast to deliver EVs to Europe this year as EU probes China rivals
By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, its CEO to[...]
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Lawyers who sued Tesla board for excess pay want $10,000 an hour
By Tom Hals WILMINGTON, Delaware (Reuters) – A legal team that forced Tesla’s directors to agree in July to return more than $700 million in compensation to the automaker for allegedly ove[...]
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Travel boom not enough to drive profits at US budget airlines Frontier, Spirit
By Rajesh Kumar Singh CHICAGO (Reuters) – Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier and Spirit are struggling to return to sustainable[...]
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