Jul 3, 2023 | Asia, Business, Economy, Europe, Technology, US
By Aditya Soni (Reuters) -Tesla shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working. The day’s gains lifted the top U.S....
Jul 3, 2023 | Business, Economy, Europe, Middle East, UK, US
By Laura Sanicola (Reuters) -Oil prices settled down 1% on Monday as worries about a slowing global economy and possible U.S. interest-rate hikes outweighed supply cuts announced for August by top exporters Saudi Arabia and Russia. Brent crude futures settled down 1%,...
Jul 3, 2023 | Business, Economy, Europe, US
By Tatiana Bautzer NEW YORK (Reuters) -UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after the takeover of Credit Suisse. UBS recruited 50 financial advisers,...
Jul 2, 2023 | Business, Economy, Europe, UK, US
(Reuters) -Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey. The British hedge fund has grappled...
Jul 2, 2023 | Europe, Top News, UK
WASHINGTON (Reuters) – U.S. President Joe Biden will travel to Europe later this month for meetings in Britain, Lithuania and Finland, the White House said on Sunday. Biden’s trip, scheduled for July 9-13, will begin in London for meetings with King...
Jul 2, 2023 | Business, Economy, Europe, US
(Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest rate rises, Daniel Ivascyn, chief investment officer at the U.S. bond giant, told...
