SAN DIEGO (Reuters) – Cleveland Federal Reserve Bank President Loretta Mester, among the Fed policymakers most concerned that easy monetary policy would risk excessive inflation, said on Friday she has put those fears to rest for now and is willing to leave rates at their current level absent some substantial change in the economy. Cleveland
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FILE PHOTO: The headquarters for Axon Enterprise Inc is seen in Scottsdale, Arizona, U.S., May 17, 2017. Picture taken May 17, 2017. REUTERS/Ricardo Arduengo/File Photo (Reuters) – The Federal Trade Commission (FTC) on Friday challenged police body camera maker Axon Enterprise Inc’s (AAXN.O) completed acquisition of rival Vievu, saying it allowed the company to impose
FILE PHOTO: A 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. Picture taken June 1, 2018. REUTERS/Mike Blake/File Photo OSLO (Reuters) – The sale of new electric cars in Norway rose by 30.9% last year amid soaring demand for Tesla Inc’s (TSLA.O) vehicles,
(Reuters) – German automotive supplier Robert Bosch said Thursday it has developed a sensor that lets cars “see” a three-dimensional view of the road, aiming to lower the cost of technology that could speed the development of self-driving vehicles. FILE PHOTO: A Bosch logo is pictured in Renningen near Stuttgart, Germany July 29, 2016. REUTERS/Michaela
BEIRUT (Reuters) – Fugitive former Nissan chairman Carlos Ghosn met Lebanon’s president after his escape from Japan, where he was smuggled out of house arrest by a private security company, two sources close to Ghosn said on Wednesday. FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April
TOKYO (Reuters) – The imposing home where Carlos Ghosn lived for the last seven months and probably launched a daring escape to avoid Japanese prosecutors is nestled in a leafy enclave of Tokyo where most people pay little attention to Westerners or luxury cars. FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo
NEW YORK (Reuters) – Drugmakers including Pfizer Inc (PFE.N), GlaxoSmithKline PLC (GSK.L) and Sanofi SA (SASY.PA) are planning to hike U.S. list prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors. FILE PHOTO: The logo of U.S. pharmaceutical corporation
SHANGHAI (Reuters) – Asian shares were mostly lower on Tuesday, in their last trading day of the decade as investors locked in profits after a buoyant year of gains, driven in recent weeks by hopes of an imminent U.S.-China trade deal. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in
NEW YORK (Reuters) – Wall Street’s major stock indexes slipped from record highs on Monday as investors booked profits from gains made this month after the United States and China reached a trade deal. The S&P 500, the Dow Jones Industrial Average and the Nasdaq posted their biggest one-day percentage declines in about four weeks.
LONDON (Reuters) – Oil prices held on to three-month highs on Monday, underpinned by optimism over an expected China-U.S. trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following U.S. air strikes in Iraq and Syria. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre,
FILE PHOTO: An UBER bus ushers Egypt fans to a soccer stadium before the start of a game against Ghana. REUTERS/Amr Abdallah Dalsh CAIRO (Reuters) – The Egyptian Competition Authority (ECA) said on Sunday it had approved ride-hailing group Uber’s (UBER.N) acquisition of former regional rival Careem after the regulator agreed to a set of
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song BEIJING (Reuters) – China’s Commerce Ministry has “proactively dealt with” trade frictions with the United States this year, it said on Sunday after an annual work conference.
FILE PHOTO – SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake (Reuters) – Elon Musk, founder of tunneling enterprise Boring Company, said in a tweet that a commercial tunnel in Las Vegas would “hopefully” be fully operational in 2020. “Boring
A logo of Sinochem is seen outside an office building of Sinochem in Beijing, China, February 21, 2017. REUTERS/Damir Sagolj BEIJING (Reuters) – Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported. The strategic investors
NEW YORK (Reuters) – World equity markets scaled records on Friday with global growth prospects raised by upbeat Chinese economic data and optimism a U.S.-Sino trade deal is imminent, but the year-end rally ebbed on Wall Street and the dollar eased as risk appetite grew. Traders work on the floor at the opening bell of
FILE PHOTO: The VW headquarters in Wolfsburg, Germany September 9, 2019. REUTERS/Fabian Bimmer/File Photo FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) said on Friday that it would reach a key target in the production of electric autos earlier than previously anticipated. The German automaker will have produced one million electric vehicles by the end of 2023, two