(Reuters) -Tesla Inc workers in New York state said on Tuesday they are launching a campaign to form a union, setting the stage for the latest labor challenge for Chief Executive Elon Musk. In a letter to the electric carmaker’s management, the employees announced their plan to unionize with Workers United Upstate New York. The …
Tesla workers launch campaign to form union in New York Read More »
LONDON (Reuters) -Investors turned more optimistic about the global economy in February, flocking to emerging market stocks and cutting their cash holdings to levels last seen since before the war in Ukraine, a BofA survey of global investors showed on Tuesday. The survey of 299 fund managers, with a combined $847 billion in assets under …
Fund managers rush into emerging stocks and cut cash – BofA survey Read More »
By David Shepardson WASHINGTON (Reuters) -Hyundai Motor and Kia Corp will offer a software upgrade to 8.3 million U.S. vehicles in response to increasing thefts targeting vehicles without push-button ignitions and immobilizing anti-theft devices, U.S. auto safety regulators said. Hyundai said it is “introducing a free anti-theft software upgrade to prevent the vehicles from starting …
Hyundai, Kia to offer software upgrade to 8.3 million U.S. vehicles to prevent thefts Read More »
BRASILIA (Reuters) – Brazilian central bank governor Roberto Campos Neto said on Tuesday the country is not at a moment when “it would be good to experiment” on monetary policy, reinforcing that raising the inflation target would not give policymakers flexibility. Speaking at an event hosted by BTG Pactual, he reiterated that the tool of …
Brazil’s Campos Neto: not the time for experiments, but to improve credibility Read More »
NEW YORK (Reuters) – U.S. consumer prices increased from the prior month in January but met expectations, while the underlying trend showed inflation is slowing, likely keeping the Federal Reserve on a modest path of interest rate hikes. The consumer price index (CPI) rose 0.5% last month, the Labor Department said on Tuesday. Data for …
Instant VIew:January CPI accelerates, but trend easing Read More »
(Reuters) -The Federal Reserve is seen raising its policy rate at least twice more to the 5%-5.25% range, with financial markets retaining about even odds on Tuesday for a further quarter-point hike in the summer after a government report showed inflation still high but slowing. The Fed raised rates faster and farther last year than …
Fed seen raising rates to 5.1%, then (maybe) stopping Read More »
By Miguel Lo Bianco and Horacio Soria BUENOS AIRES (Reuters) – Argentines are increasingly feeling the impact of one of the world’s highest inflation rates, with annual price rises nearing 100%, straining people’s budgets as the cost of food, gas and services far outstrips salaries. The South American country, which has grappled with high inflation …
Argentine teachers, doctors ‘drown’ under spiraling prices as inflation nears 100% Read More »
(Reuters) – Yevgeny Prigozhin, the head of Russia’s Wagner mercenary group, said on Tuesday that he founded and financed and the Internet Research Agency, a company Washington says is a “troll farm” which meddled in the 2016 U.S. presidential election. Prigozhin, an ally of Russian President Vladimir Putin, spent years operating on behalf of the …
Russia’s Prigozhin admits links to what U.S. says was election-meddling troll farm Read More »
By Jason Lange, Gram Slattery and David Morgan WASHINGTON (Reuters) – Republican lawmakers taking the hardest line against raising the U.S. government’s $31.4 trillion debt ceiling rely heavily on small donors to fund their campaigns, a Reuters analysis found, shielding them from business lobby pressure to avoid a default. Members of the House Freedom Caucus, …
Why Republican hardliners can afford to push the U.S. to the brink of default Read More »
By Tom Sims and John O’Donnell FRANKFURT (Reuters) – For years, Allianz, one of the world’s biggest investors, piled billions into property, wind farms and even London’s sewage system, but now it is moving to shun such “alternative” investments for plain vanilla bonds, people with knowledge of the matter said. The German company’s new approach …
