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(Reuters) -Electric-vehicle startup Fisker Inc on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares higher by 26% in early trading. Demand for electric vehicles has surged globally as countries seek to tackle climate change by opting for cleaner transport options and setting …

Fisker reports higher orders, maintains annual production target Read More »

BRASILIA (Reuters) -Outstanding loans in Brazil decreased by 0.3% in January, according to central bank data on Monday, marking the first decline in a year. The result suggests a slowdown that is likely to gain momentum in a scenario of high borrowing costs following the aggressive monetary tightening implemented by the central bank to curb …

Brazil bank lending down for the first time in a year in January Read More »

WASHINGTON (Reuters) -New orders for key U.S.-manufactured capital goods increased more than expected in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.8% …

U.S. core capital goods orders, shipments rebound in January Read More »

By Shankar Ramakrishnan (Reuters) -Some highly rated U.S. companies have issued bonds that convert to shares to raise several billion dollars so far this year, in what bankers said signals a shift in a market that has long been dominated by companies with few other options to raise money. Investment-grade-rated companies have traditionally avoided such …

Some highly rated US companies take unusual funding route as rates rise Read More »

By Olena Harmash KYIV (Reuters) – When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains – domestic and overseas – collapsed. Fresh produce became scarce and panic buying spread. Oleksiy Panasenko, deputy director general for operations at the popular outlet, recalls how …

Ukraine’s economy stabilizes after shock of war Read More »

(Reuters) -U.S. railroad Union Pacific Chief Executive Officer Lance Fritz said on Sunday he would step down this year to make way for new leadership, after hedge fund Soroban Capital Partners called for him to be replaced. Union Pacific said it expected to name a successor this year and Fritz said he looked forward to …

Union Pacific CEO to step down as hedge fund presses for change Read More »

SHANGHAI/LONDON (Reuters) – CATL, the world’s largest battery maker, has offered to cut costs for Chinese automakers, a move that demonstrates its market power and could also widen China’s cost advantage in electric vehicles. China’s CATL has offered smaller domestic electric-vehicle makers discounted prices on batteries, according to four people with knowledge of the terms. …

Analysis-CATL’s ‘price war’ shows its power, and China’s EV edge Read More »