(Reuters) – Societe Generale is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa’s effort to rein in costs, Bloomberg News reported on[...]
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January 19, 2024
Stellantis will avoid brutal price cuts, CEO says
MILAN (Reuters) -Stellantis must avoid being drawn into a price war that would destroy profitability and might eventually make many automakers takeover targets, CEO Carlos Tavares said on Friday. Pres[...]
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US announces $325 million to repair EV chargers, cut battery costs
(Reuters) -The U.S. Departments of Transportation and Energy will invest$325 million across three programs to advance EV technologies, repair chargers and cut battery costs, the White House said in a[...]
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EPA sends vehicle emissions reduction plan to White House for review
By David Shepardson WASHINGTON (Reuters) – The U.S. Environmental Protection Agency (EPA) sent to the White House for review its proposal to finalize sweeping emissions cuts for new cars and tru[...]
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Biden administration taking heat from all sides over Louisiana LNG project
By Timothy Gardner and Curtis Williams WASHINGTON (Reuters) – The Biden administration faces mounting pressure over whether to approve a massive new Louisiana LNG export project, with environmen[...]
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EU to propose all members scrutinise investments
By Philip Blenkinsop BRUSSELS (Reuters) -The European Commission will propose next week a law requiring all EU countries to scrutinise foreign investments to determine whether they pose a security ris[...]
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ICBC to pay $32.4 million to US regulators over AML lapses, supervisory information disclosure
WASHINGTON (Reuters) – The Industrial and Commercial Bank of China Ltd and its New York branch will pay $32.4 million in penalties for the unauthorized use and disclosure of confidential supervi[...]
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USDA confirms first big US soy sale to China since mid-December
CHICAGO (Reuters) – The U.S. Department of Agriculture (USDA) on Friday confirmed private sales of 297,000 metric tons of U.S. soybeans to China, the first soybean sales announcement under its d[...]
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US banks warn costly deposits to weaken interest income in 2024
By Niket Nishant and Manya Saini (Reuters) -Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure fr[...]
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