By Dietrich Knauth NEW YORK (Reuters) – A lawyer for Celsius Network on Wednesday said the crypto lender hopes to conclude an auction for its assets within days and the current lead bidder is Fa[...]
Read more
May 17, 2023
US dollar hits seven-week peak after solid data; US debt risks in focus
By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by safe-haven bets amid the risk of a U.S. debt default, with t[...]
Read more
Subsidy cuts could derail Thyssenkrupp green steel project -labour bosses
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Thyssenkrupp’s labour bosses cranked up the pressure on Berlin to help fund a 2 billion euro ($2.2 billion) green steel pr[...]
Read more
China’s Tencent marks return to revenue growth in first quarter
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings Ltd marked a return to revenue growth in the first quarter as it recovered from COVID-19-related disruptions and China’s crackdown[...]
Read more
Global debt on the rise, EM crosses $100 trillion mark – IIF
By Rodrigo Campos NEW YORK (Reuters) – A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt is triggering concern about[...]
Read more
BP unit to pay record $40 million to settle U.S. air pollution civil charges
By Sarah N. Lynch and Laura Sanicola WASHINGTON (Reuters) -A subsidiary of BP plc will pay a record-setting $40 million penalty to settle civil U.S. charges that its Indiana-based oil refinery violate[...]
Read more
Tencent cuts cloud service prices up to 40% to fend off rivals
By Josh Ye HONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a p[...]
Read more
Stellantis tells UK to change Brexit deal or see car plants close
By Kate Holton and Nick Carey LONDON (Reuters) – British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated, Stellantis has warned, as Ford a[...]
Read more
Ford calls for extension of post-Brexit trade rules to 2027
By Nick Carey LONDON (Reuters) -Ford on Wednesday called for post-Brexit EU trade requirements on rules of origin for electric vehicles (EVs) to delayed until 2027 from 2024, saying tariffs will add p[...]
Read more