(Reuters) – Tesla shares jumped nearly 6% on Monday after Morgan Stanley named the most valuable automaker its “top pick” in the U.S. automotive industry, replacing Ford. The brokerage said Tesla’s energy business could potentially grow to be worth more than the company’s auto business in the future, as investors were likely to focus on […]
Oil falls 2% as Israel seeks to avoid broader Middle East conflict
By Laila Kearney NEW YORK (Reuters) -Oil fell by nearly 2% on Monday after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike in the Israeli-occupied Golan Heights over the weekend. Brent crude oil futures settled at $79.78 a barrel, falling $1.35, […]
Exclusive-Don’t bomb Beirut: U.S. leads push to rein in Israel’s response
By Maya Gebeily, Laila Bassam and Timour Azhari (Reuters) – The United States is leading a diplomatic dash to deter Israel from striking Lebanon’s capital Beirut or major civil infrastructure in response to a deadly rocket attack on the Golan Heights, five people with knowledge of the drive said. Washington is racing to avert a […]
IMF, Ethiopia reach deal for $3.4 billion in financing
WASHINGTON (Reuters) – Ethiopia has secured an agreement with the International Monetary Fund for a new financing program worth $3.4 billion, the IMF said on Monday. Ethiopia’s central bank floated the country’s birr currency on Monday, a key step to secure IMF support, and to make progress on a long-delayed debt restructuring. The Horn-of-Africa nation, […]