Author Archives: Syndicated Content
Citi CEO says sanctions will splinter global financial order
By David Henry NEW YORK (Reuters) - Western countries' use of economic sanctions to punish Russia for its invasion of Ukraine is prompting some international clients of Citigroup Inc to explore new wa...
May 02, 2022
Archegos indictment raises fresh questions over banks’ risk management controls
By Elizabeth Dilts Marshall NEW YORK (Reuters) - New details revealing how Archegos Capital Management founder Bill Hwang hid his fund's extreme exposure from its lenders raise fresh questions about t...
May 02, 2022
Huge New Mexico wildfire forces hundreds of households to flee
By Andrew Hay LAS VEGAS, N.M. (Reuters) - Hundreds of households in the historic New Mexico city of Las Vegas were told to evacuate immediately on Monday as intense winds and bone-dry conditions fuele...
May 02, 2022
Tesla proxy to take more than four months after fiscal year end
(Reuters) - Electric-vehicle maker Tesla Inc said on Monday its proxy statement for 2022 would be filed more than 120 days after the end of its fiscal year. (Reporting by Akash Sriram in Bengaluru; Ed...
May 02, 2022
Stellantis to boost EV plants with C$3.6bln investment
(Reuters) - Stellantis N.V. will spend up to C$3.6 billion ($2.8 billion) to boost production of electric vehicles at its Windsor and Brampton, Ontario, facilities, the automaker said on Monday. (Repo...
May 02, 2022
U.S. to spend more than $3 billion on EV battery manufacturing -White House
By Trevor Hunnicutt WASHINGTON (Reuters) - The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing, U.S. officials ...
May 02, 2022
Russia’s Potanin buys card processing firm from Global Payments
LONDON (Reuters) - Russian billionaire Vladimir Potanin's Interros group said on Monday it had bought United Card Services, part of Global Payments Inc, its third deal in the space of three weeks as i...
May 02, 2022
Some CNH Industrial workers in U.S. start strike – UAW union statement
CHICAGO (Reuters) - Over 1,000 CNH Industrial workers in Racine, Wisconsin, and Burlington, Iowa, started a strike on Monday, the United Auto Workers union said in a statement. "Our members at CNHi st...
May 02, 2022
Soccer-Bayern Munich, Man City to play game at home of NFL’s Packers
(Reuters) - European soccer clubs Bayern Munich and Manchester City will play a July 23 exhibition match at the 65-year-old home stadium of the NFL's Green Bay Packers, the American football team said...
May 02, 2022
Sanctions won’t be lifted until Russia signs peace deal with Ukraine – Germany’s Scholz
BERLIN (Reuters) - The sanctions imposed on Russia as a result of its invasion of Ukraine will not be lifted until Moscow reaches a peace agreement with Ukraine, German Chancellor Olaf Scholz said, ad...
May 02, 2022
