Business
New Compass rum enters the market smoothly
China's March germanium, gallium exports yet to recover year-ago level
BEIJING (Reuters) - China's exports of gallium and germanium products in March declined from year-ago levels, customs data showed on Saturday, underlining the impact of export controls in place since last August. China announced in early July ...
Tesla cuts US prices of Models Y, X, S by $2,000
By Nilutpal Timsina (Reuters) - Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world's most valuable automaker missed market expectations. Elon ...
Tesla's Elon Musk postpones India trip, aims to visit this year
By Aditi Shah, Aditya Kalra and Sarita Chaganti Singh NEW DELHI (Reuters) -Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the ...
UAW wins big in historic union vote at Volkswagen Tennessee factory
By Nora Eckert CHATTANOOGA, Tennessee (Reuters) -Workers at Volkswagen's Tennessee plant have voted to join the United Auto Workers, in a seismic victory for the union as it drives beyond its Detroit base into the U.S. South and West. A majority of ...
Skydance expects to more than double its revenue in coming years, WSJ reports
(Reuters) - Skydance Media, which is in exclusive merger talks with Paramount Global, expects to more than double its revenue and triple its adjusted earnings in the coming years, the Wall Street Journal reported on Friday. Skydance expects to ...
BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank "very likely" will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the ...
Brazil's Embraer delivers 25 jets in Q1; backlog hits 7-year high
SAO PAULO (Reuters) - Brazilian planemaker Embraer said on Friday it delivered 25 aircraft - seven commercial planes and 18 executive jets - in the first quarter of 2024, a 67% increase on a yearly basis. Embraer, the world's third-largest ...
Honda to invest $808 million in Brazil by 2030
BRASILIA (Reuters) -Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a hybrid-flex vehicle in the South American ...
Nike to lay off 740 employees at Oregon headquarters
(Reuters) - Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The "second ...
Bank of Mexico deputy governor sees rates on hold for longer than expected
By Marcela Ayres WASHINGTON (Reuters) - Bank of Mexico Deputy Governor Jonathan Heath said on Friday the benchmark interest rate is likely to remain unchanged for longer than expected by markets, noting it would likely stay put at 11% at the May ...