Business
Prices at the Pumps: An up and down week at the pumps
Futures rise as chip stocks bounce back after sell-off
(Reuters) - Futures for the S&P 500 and the Nasdaq gained on Thursday as some chip stocks recouped losses after a sell-off, while investors awaited Federal Reserve policymakers' stance on interest-rate cuts in the face of resilient economic ...
Xiaomi says sales of its new EV have been 3-5 times higher than expected
BEIJING (Reuters) - China's Xiaomi said on Thursday that sales of its sporty electric vehicle have been 3-5 times higher than expected, and it had started deliveries of the SU7 - short for Speed Ultra 7 - 12 days earlier than previously ...
China's central bank says has policy room but credit demand slows
BEIJING (Reuters) - There is still room for China's central bank to take steps to support the economy, but efforts are needed to prevent cash from sloshing around the banking system as real credit demand weakens, senior officials at the bank said ...
Critics of India's Modi migrate online as mainstream media stays deferential
By Manoj Kumar NEW DELHI (Reuters) - There's scarcely any critical evaluation of Prime Minister Narendra Modi on India's mainstream television channels and most newspapers as the world's most populous nation heads toward a general election that ...
Alaska Air forecasts second-quarter profit above estimates on strong travel demand
(Reuters) - Alaska Air Group forecast a better-than-expected profit for the current quarter on Thursday, driven by strong travel demand and expectations for a strong summer season. The airline, the operator of the Boeing plane that suffered a ...
Alaska Air prioritizes quality, safety of Boeing products over production rate
CHICAGO (Reuters) - Alaska Air Group is not concerned about the production rate of Boeing's 737 MAX planes as it is more focused on the quality and safety of the planemaker's jets, a top company executive said on Thursday. The Seattle-based ...
Tesla says 300 subcontracted workers let go in Germany
BERLIN (Reuters) - Tesla has let go of 300 temporary workers in Germany in keeping with their contract period, the e-car maker said on Thursday, amid a drive by the company to slim down its global workforce by 10%. "These are not layoffs of Tesla ...
Foreigners remain buyers of Japanese stocks in week to April 12
(Reuters) - Foreign investors continued purchasing Japanese stocks in the week to April 12, driven by a weaker yen and robust performance in chip-related stocks. They secured stocks worth 829.05 billion yen ($5.37 billion) worth during the week, ...
Binance obtains Dubai licence to target retail clients
DUBAI (Reuters) - Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai's regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional ones. Under the Virtual ...
ECB 'crystal clear' on June rate cut, de Guindos says
FRANKFURT (Reuters) - The European Central Bank has made it "crystal clear" that interest rates could be cut in June but has also been firm that policy decisions beyond that remain up in the air, ECB Vice President Luis de Guindos said on ...