By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday after dismal business activity data from around the globe soured risk sentiment and as hawkish comments from central[...]
Read more
Europe
US business borrowing for equipment up 1% in May, ELFA survey shows
(Reuters) – U.S. companies borrowed 1% more in May compared to a year earlier to finance equipment investments, industry body Equipment Leasing and Finance Association (ELFA) said on Friday. The[...]
Read more
Berlin plans to spend 8 billion euros in package for 60 Boeing Chinook helicopters -source
BERLIN (Reuters) – Germany aims to purchase 60 Chinook helicopters from Boeing in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the airc[...]
Read more
Spirit Aero to continue contract talks with union as strike looms
(Reuters) – Spirit AeroSystems Inc said it will meet with the U.S. machinists union on Saturday to continue negotiations for a new contract, after workers rejected a proposed four-year deal and[...]
Read more
Two U.S. senators urge automakers not to remove AM radio from new cars
By David Shepardson WASHINGTON (Reuters) -Two U.S. senators wrote seven major automakers on Friday urging them not to remove AM radio from new vehicles. Senator Ted Cruz, the top Republican on the Sen[...]
Read more
Commerzbank to book further provision for mBank after court ruling
FRANKFURT (Reuters) – Germany’s Commerzbank said on Friday that it would book another provision of 342 million euros ($372.27 million) following a court ruling on how banks treat Swiss fra[...]
Read more
As electric cars take off, makers pledge $11.3 billion for US lithium iron phosphate
(Corrects story and headline to say makers pledge $11.3 billion, not $14.3 billion for lithium iron phosphate plants) By Paul Lienert (Reuters) – Interest and investment in lithium iron phosphat[...]
Read more
European shares post worst week in three months, Siemens Energy slumps
By Shreyashi Sanyal, Bansari Mayur Kamdar (Reuters) -European shares dipped on Friday at the end of a central bank policy-packed week that reinforced views that interest rates could stay higher for lo[...]
Read more
Carnival set to post strong revenue growth as new, younger customers drive demand
By Granth Vanaik (Reuters) – Carnival is expected to post robust second-quarter revenue growth as new and younger customers, undeterred by high inflation, spend on novel experiences such as crui[...]
Read more