May 31 (Reuters) – Lucid Group (LCID.O) said it expected to raise around $3 billion through an equity offering, nearly two-thirds of which would come from the Public Investment Fund ( PIF) of Saudi Arabia, sending shares of the luxury electric-vehicle maker down 9% after market hours. PIF, which owns more than 60% of the … Read more
BENGALURU, May 31 (Reuters) – U.S. home prices will fall less than expected this year before stagnating in 2024, despite widespread expectations interest rates will stay higher for longer, real estate analysts polled by Reuters. Even as the US Federal Reserve embarked on its most aggressive tightening cycle in four decades, average home prices fell … Read more
SHENZHEN, China, May 31 (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the United States is becoming increasingly difficult. Prior to 2019, there were few major barriers to a Chinese company doing business in the United States from China. But amid escalating trade tensions between the United States and China, particularly after Washington … Read more
NEW YORK, May 29 (Reuters) – Prosecutors on Monday urged a Manhattan federal court judge to reject a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions from dollars to clients to make up for his hedge fund’s losses. Bankman-Fried, the 31-year-old former cryptocurrency billionaire, has pleaded not guilty … Read more
(1/5) Venezuelan President Nicolas Maduro shakes hands with Brazilian President Luiz Inacio Lula da Silva as they meet at the Planalto Palace on the day of a summit with South American presidents to discuss reviving the regional cooperation bloc UNASUR, in Brasilia, Brazil, May 29, 2023…. Learn more BRASILIA, May 29 (Reuters) – Venezuelan President … Read more
No misconduct from the Temasek investment team The team, senior management took “collective responsibility” Temasek did not specify the amount of the reduced compensation May 29 (Reuters) – Singaporean state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in cryptocurrency exchange FTX, now bankrupt, as … Read more
NEW YORK, May 25 (Reuters) – The New York City Banking Commission has voted to halt deposits to the city’s bank accounts at Capital One (COF.N) and KeyBank (KEY.N) after the lenders have not submitted plans on their efforts to root out the discrimination. City Comptroller Brad Lander joined Mayor Eric Adams and the Department … Read more
(1/2) A view of the exterior of the JP Morgan Chase & Co. headquarters in New York May 20, 2015. REUTERS/Mike Segar May 25 (Reuters) – JPMorgan Chase & Co (JPM.N) has told nearly 1,000 First Republic Bank employees they will no longer have jobs as it takes on the failing lender it bought earlier … Read more
HANOI, May 25 (Reuters) – Vietnamese electric vehicle (EV) maker VinFast said it was recalling all the first batches of vehicles it shipped to the United States last year following a warning safety certificates issued by the American authorities. The move came after the US National Highway Traffic Safety Administration (NHTSA) said 999 of VinFast’s … Read more
MUMBAI/NEW DELHI, May 23 (Reuters) – Indians are stepping up purchases of basic necessities, and even high-end branded goods, using the soon-to-be-withdrawn 2,000 rupee ($24.46) notes , as they aim to avoid the need to exchange them or deposit them in banks. India’s central bank announced on Friday that the country’s largest denomination will be … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BYLCZXISG5K5VOMXGAVTYCAP4M.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/463BGOA6LVL5RAPKV2UP7CLU2E.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/IPFNU7CTBJJ6TIPZY6GW4H5PR4.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5TWBODAHJVKFBBWJEMU6WBUVWA.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LIOGFRUWIFLDZH5QB2PNG7NBHQ.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/K3WS3QCP7BLN3IM2SC42YCBLLI.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/R3QCUUHISFLJNPS4SH3UQBUEE4.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3G4CKFDPMNOUTMFVOQSRD5P3RY.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PT2E2HKDKVKMDIDHYRMK4WWD4M.jpg?ssl=1)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5A5NCSXUWBPEFFWYYYSOJEQ4YM.jpg?ssl=1)