By Lananh Nguyen and Tatiana Bautzer NEW YORK (Reuters) -Citigroup repeatedly breached a U.S. Federal Reserve rule that limits intercompany transactions, leading to errors in its internal liquidity re[...]
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July 31, 2024
Microsoft sinks, Nvidia soars as AI rally faces divide
By Noel Randewich and Anna Tong (Reuters) -Microsoft shares fell 2% on Wednesday after the technology giant reported a massive increase in artificial intelligence expenditures, while Nvidia surged 11%[...]
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DuPont raises full-year forecasts on strong electronics, AI-tech demand
By Seher Dareen -Industrial materials maker DuPont de Nemours raised its full-year forecasts on Wednesday, benefiting from strong demand for its products used in making electronics and semiconductors[...]
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HSBC offers $3 billion buyback as wealth income offsets rate cut anxiety
By Selena Li, Sinead Cruise and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings announced a $3 billion share buyback and upgraded its income outlook on Wednesday, as the bank showed progress[...]
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US, Mexico announce remediation at Volkswagen plant for worker rights protection
WASHINGTON (Reuters) – The United States and Mexico announced a course of remediation at a Volkswagen plant in Mexico where the Mexican government had agreed to review alleged labor rights viola[...]
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Stellantis offering new round of voluntary buyouts to US salaried workers
By Nora Eckert and David Shepardson DETROIT (Reuters) – Jeep-maker Stellantis said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series[...]
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US senator to propose bill to require new FAA safety efforts
(Reuters) – U.S. Senate Commerce Committee chair Maria Cantwell said she plans to introduce legislation on Thursday to require the Federal Aviation Administration to use advanced safety measures[...]
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Exclusive-New US rule on foreign chip equipment exports to China to exempt some allies, sources say
By Karen Freifeld NEW YORK (Reuters) -President Joe Biden’s administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor manufacturing equip[...]
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Hyundai Motor America to recall over 49,000 U.S. vehicles, NHTSA says
(Reuters) – Hyundai Motor America is recalling over 49,000 U.S. vehicles over unintentional air bag deactivation or deployment, the National Highway Traffic Safety Administration (NHTSA) said on[...]
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