/cloudfront-us-east-2.images.arcpublishing.com/reuters/EAJVWTO4SNPVXIHZ3LDLY24AB4.jpg "Tesla’s China-made EV sales rose 2.4% in May from April – CPCA")
BEIJING, June 5 (Reuters) – U.S. automaker Tesla Inc (TSLA.O) delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/BXJO57RDIBOBFCO66G3LLLBZ6Q.jpg "Russia to increase daily forex sales in coming month")
June 5 (Reuters) – Russia’s finance ministry said on Monday it would sell 3.6 billion roubles’ ($44.3 million) worth of foreign currency a day between June 7 and July 6, an increase in the volume of daily operations from the previous month. After a hiatus of several months, Russia resumed foreign currency interventions in January, … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/WWHVI3ZNW5NWZK5AWZTLD5RRRQ.jpg "Citigroup to pursue Mexico retail IPO after sale fails")
May 24 (Reuters) – Citigroup Inc (C.N) will pursue an initial public offering of its Banamex unit comprising consumer, small business and middle-market banking operations in Mexico, the bank said on Wednesday. Mexican conglomerate Grupo Mexico (GMEXICOB.MX) had been in talks to buy the unit, a person familiar with the matter had told Reuters earlier … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/TEKYL336DFMYLBFJ3CTM2N4FR4.jpg "Standard Chartered CEO: Credit Suisse sale to UBS was ‘surprising’")
DOHA, May 23 (Reuters) – Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse (CSGN.S) to UBS (UBSG.S) was “surprising” given the “unusual” terms of the deal, which prioritised shareholders over bondholders. “The conclusion was very surprising to me, in terms of the way that the bank was resolved through this … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/B54IQXHT75O3DM4DS7DXNAS6HI.jpg "PacWest shares jump after .6 bln real estate loan sale")
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced that it had agreed to sell $2.6 billion worth of real estate construction loans at a discount in a bid to improve its balance sheet. PacWest’s stock rose nearly 20% on the deal, giving the Los Angeles-based … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZQSOBXUZ4NMRNAGARAAS5GWJK4.jpg "Australia hits buy-now-pay-later sector with consumer credit law")
BNPL providers must carry out background checks before lending Must notify customers when credit limits increase Zip COO: Change would mean “business as usual” SYDNEY, May 22 (Reuters) – Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/IYLYKD6XM5LWNFD5DPMYXWNDTQ.jpg "Walmart lifts annual sales, profit view on resilient consumer spending")
May 18 (Reuters) – Walmart Inc (WMT.N) raised its annual sales and profit targets on Thursday as shoppers snapped up its low-priced groceries and other essentials. Shares of the top U.S. retailer by sales rose 1% after it also reported better-than-expected results for the first quarter. Its stock has risen 5.5% in the year to … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SUSX7O5CCBOHFMQRPO26DGBR5E.jpg "Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan")
WASHINGTON, May 18 (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation’s largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was “deeply … [Read more…]
May 15 (Reuters) – Vice Media Group, the company popularly known for its websites such as Vice and Motherboard, said on Monday it had filed for Chapter 11 protection to facilitate its sale. The company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 … [Read more…]
OSLO, May 12 (Reuters) – Troubled Swedish real estate group SBB (SBBb.ST) said late on Thursday it had sold most of its shares in construction company JM (JM.ST) for 2.8 billion Swedish crowns ($275.8 million). The transaction gives SBB a much-needed cash infusion after scrapping a share issue earlier this week when ratings agency S&P … [Read more…]