By Nupur Anand NEW YORK (Reuters) – Well Fargo has hired former BNY executive Bridget Engle as its new head of technology, according to a release seen by Reuters. Engle who will also be part of the bank’s operating committee, reporting to CEO Charlie Scharf, is tasked with looking at technology across the firm. Scharf […]
Stellantis offering new round of voluntary buyouts to US salaried workers
DETROIT (Reuters) – Jeep-maker Stellantis said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares is placing on its American operations. The Netherlands-based automaker laid off 400 U.S. salaried workers in March and last year twice offered […]
World stocks mixed amid investor jitters, commodities tumble
By Tom Westbrook and Amanda Cooper SINGAPORE/LONDON (Reuters) – World stocks were mixed in choppy trading on Monday as investors were jittery ahead of major corporate earnings reports and central bank moves, and concern over the global economic outlook dented commodities and oil prices touched early June lows. Global crude benchmark futures fell 1.4% as […]
Kamala Harris launches $50 million ad blitz in US presidential race
WASHINGTON (Reuters) – Democratic presidential candidate Kamala Harris launched a $50 million advertising blitz on Tuesday, capitalizing on the momentum of a fledgling campaign against Republican rival Donald Trump with a one-minute spot titled “Fearless.” It was Harris’ first big ad buy since consolidating support for the Democratic nomination after President Joe Biden dropped out […]
Tesla jumps on replacing Ford as Morgan Stanley’s ‘top pick’ in US auto sector
(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, […]
Kamala Harris campaign raises $200 million in a week
By Kanishka Singh WASHINGTON (Reuters) -U.S. Vice President Kamala Harris’s election campaign said on Sunday it has raised $200 million and signed up 170,000 new volunteers in the week since she became the Democratic Party’s presidential candidate. President Joe Biden ended his reelection bid on Sunday last week and endorsed Harris for the Nov. 5 […]
Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say
By Aditya Kalra NEW DELHI (Reuters) – SoftBank-backed Indian e-scooter maker Ola Electric’s IPO is set to draw investor bids from Fidelity, Nomura and Norway’s Norges Bank, as well as several Indian mutual funds, two sources with direct knowledge told Reuters. Ola Electric’s roughly $740 million IPO will open this week and will be the […]