(Reuters) – Tesla’s expansion into Southeast Asia is a priority, a senior executive said on Tuesday, highlighting the fast-growing market where the U.S. electric-vehicle maker faces compet[...]
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March 12, 2024
Fed seen on hold until June, with rate-cut pace in focus
By Ann Saphir (Reuters) -A second straight month of stronger-than-expected inflation has effectively shut the door on the possibility of a Federal Reserve interest-rate cut before June, and makes back[...]
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Gasoline, shelter costs drive US inflation higher in February
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting stickiness in inflation that cast some doubts on wheth[...]
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Lufthansa flight attendants to strike on Tuesday and Wednesday
FRANKFURT (Reuters) – Lufthansa’s cabin crew union has called on its members to strike at Lufthansa and short-haul carrier CityLine on Tuesday and Wednesday to press their demands for high[...]
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Geico won’t face class-action claims it overcharged drivers during pandemic
By Jonathan Stempel (Reuters) – Geico, the car insurer owned by Warren Buffett’s Berkshire Hathaway, will not face class-action claims as it defends against a lawsuit alleging it overcharg[...]
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ADM announces plan to address accounting issues, posts earnings miss
By Karl Plume and Sourasis Bose (Reuters) -Global grains merchant Archer-Daniels-Midland announced a plan to fix accounting issues that caused it to correct certain transactions in six years of financ[...]
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State-run Mexicana airline to buy 20 planes by October, says Lopez Obrador
MEXICO CITY (Reuters) – Mexico’s state-owned airline Mexicana will purchase 20 aircraft by October, when President Andres Manuel Lopez Obrador’s term ends, the country’s leader[...]
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Exclusive-Goldman Sachs seeks to expand private credit portfolio to $300 billion in five years
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs Asset Management, a unit of Goldman Sachs Group, aims to expand its private credit portfolio to $300 billion in five years from the current $130[...]
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Tesla, rivals get low marks for automated-driving technology
By Joseph White DETROIT (Reuters) – Tesla’s Autopilot and Full Self Driving technology and nine other assisted-driving systems marketed by major automakers received “poor” rati[...]
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