(Reuters) – Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2 billion, according to a company filing on Friday, soon after l[...]
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February 10, 2024
Tesla temporarily slashes prices for some Model Y cars in the US
(Reuters) -Tesla Inc has temporarily cut prices of some of its Model Y cars in the U.S. until Feb. 29, less than a month after the carmaker cut Model Y prices in Germany. Tesla reduced prices for its[...]
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Exclusive-Cisco to cut thousands of jobs as it seeks to focus on high growth areas -sources
By Utkarsh Shetti and Supantha Mukherjee (Reuters) -Network giant Cisco is planning to restructure its business which will include laying off thousands of employees, as it seeks to focus on high-growt[...]
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EU agrees on looser fiscal rules to cut debt, boost investments
By Foo Yun Chee BRUSSELS (Reuters) – EU member states and MEPs struck a preliminary deal on Saturday to ease the bloc’s stringent fiscal rules, giving governments more time to reduce debt[...]
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JSW Group to set up nearly $5 billion in EV projects in eastern India
NEW DELHI (Reuters) – India’s JSW Group will set up electric vehicles and battery manufacturing projects in the country’s eastern state of Odisha at a cost of 400 billion rupees ($4.[...]
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Moody’s cuts indebted oil firm Pemex’s rating by two notches to B3
MEXICO CITY (Reuters) – Ratings agency Moody’s on Friday downgraded its rating for Mexico’s state-owned oil firm Pemex by two notches to B3 from B1 previously, citing poorer credit q[...]
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Global equities notch third weekly gain; US yields up
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Global equities rose on Friday, with the S&P 500 crossing the 5,000-point milestone for the first time ever, as U.S. inflation data raise[...]
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