(Reuters) – Hertz Global is exploring options to raise financing, weeks after its new CEO pledged to get the company back on track following a failed bet on electric vehicles, Bloomberg News rep[...]
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May 30, 2024
Stocks fall with bond yields after US economic data
By Sinéad Carew NEW YORK/ LONDON (Reuters) -MSCI’s global equities gauge fell on Thursday and bond yields dropped with the U.S. dollar as investors analysed weaker than expected U.S. growth data[...]
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Americans still prefer gas vehicles over hybrid or EVs, study shows
(Reuters) – Americans still prefer to buy a standard gas vehicle over a hybrid or an electric vehicle even with the same price and features, a KPMG study said on Thursday. Only one-fifth of peop[...]
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Ford and GM outline dueling hybrid vehicle strategies
By Nora Eckert DETROIT (Reuters) -Ford Motor and General Motors’ chiefs on Thursday offered clashing perspectives on the importance of hybrid vehicles to their long-term strategic outlooks. Ford[...]
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Saudi Arabia sets up new Aramco share sale that could raise $13.1 billion
By Hadeel Al Sayegh, Maha El Dahan and Yousef Saba DUBAI (Reuters) -Saudi Arabia’s government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $[...]
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Foreigners pull money out of EM portfolios after five months of inflows
NEW YORK (Reuters) – Foreigners pulled money out of their emerging market portfolios in April on concerns of a tighter monetary policy path in the U.S., with outflows from stocks in India and In[...]
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WeWork cleared to exit bankruptcy and slash $4 billion in debt
By Dietrich Knauth NEW YORK (Reuters) -A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt[...]
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Oil falls as US reports surprise fuel build, weak demand
By Shariq Khan NEW YORK (Reuters) -Oil prices fell for the second consecutive session on Thursday, after the U.S. government reported weak fuel demand in the country and a surprise jump in gasoline an[...]
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Dollar lower ahead of key inflation data Friday
By Hannah Lang NEW YORK (Reuters) -The dollar fell on Thursday after revised data showed that gross domestic product, the broadest measure of economic activity, grew at slower pace than previously exp[...]
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