Business

BERKELEY, Calif. - Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission (SEC). ...
- Rating agency Fitch raised Britain's outlook to 'stable' from 'negative' on Friday, saying macroeconomic, labour market and fiscal outturns since the start of 2021 showed the economy was more resilient to the impact of the pandemic shock. "The roll-out of the UK's coronavirus va...
By Pete Schroeder WASHINGTON - All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the U.S. Federal Reserve, while the dollar posted the strongest gains in over a year and oil prices continued a steady climb. After...
By Saqib Iqbal Ahmed and Julien Ponthus NEW YORK - The dollar extended its advance against a basket of currencies on Friday, building on the gains logged after the U.S. Federal Reserve earlier this week surprised markets by signaling it would raise interest rates and end emergency...
By Eric M. Johnson SEATTLE - Boeing Co's 737 MAX 10, the largest member of its best-selling single-aisle airplane family, took off on its maiden flight on Friday, in a further step towards recovering from the safety grounding of a smaller model. The plane departed at...
By Saqib Iqbal Ahmed and Julien Ponthus NEW YORK -The dollar extended its advance against a basket of currencies on Friday, building on the gains logged after the U.S. Federal Reserve earlier this week surprised markets by signaling it would raise interest rates and end emergency bond...
By Ann Saphir - Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the U.S. central bank's benchmark short-term interest rate near zero at least through the end of 2023 to allow the labour market to return to its pre-pandemic strength. ...
By Pete Schroeder WASHINGTON -Wall Street was down and the dollar surged on Friday as investors tried to balance a seemingly more hawkish stance by the Federal Reserve with persistent optimism about the U.S. economy as it emerges from the pandemic. The blue-chip Dow a...
By Jessica Resnick-Ault NEW YORK -Oil prices rose on Friday, reversing early losses after OPEC sources said the producer group expected limited U.S. oil output growth this year despite rising prices. OPEC officials got the U.S. production outlook from industry experts, ...
By Sagarika Jaisinghani and Ambar Warrick -A slide in European bank and energy stocks was exacerbated by hawkish comments from a Federal Reserve official, which also saw the STOXX 600 index snap a four-week winning streak as fears of U.S. policy tightening came to the fore. ...
By Devik Jain and Amal S -London's FTSE 100 index marked its worst session in over a month on Friday, dragged by weakness in financial and commodities-linked stocks, while data showed retail sales fell in May as Britons dined out more following a lifting of pandemic restrictions. ...
By Francesco Guarascio and Alistair Smout BRUSSELS/LONDON -AstraZeneca will have to deliver fewer COVID-19 vaccines to the European Union than the bloc had hoped after Brussels lost its bid to speed up deliveries on Friday, in the first of its legal actions against the drugmaker. ...
By Saqib Iqbal Ahmed and Julien Ponthus NEW YORK - The dollar extended its advance against a basket of currencies on Friday, building on the gains logged after the U.S. Federal Reserve earlier this week surprised markets by signalling it would raise interest rates and end emergenc...
By Elizabeth Howcroft LONDON - Sterling extended its fall against the U.S. dollar on Friday, dropping below $1.39, hurt by the U.S. Federal Reserve's hawkish surprise and an unexpected fall in Britain's retail sales. The pound dropped against a strengthening dollar o...
By Philip Blenkinsop BRUSSELS -Britain needs to restore trust by fully implementing the protocol governing trade for Northern Ireland, European Commission vice-president Maros Sefcovic said on Friday, while welcoming a British bid to cooperate over sausages. Britain shou...
By Huw Jones and Pete Schroeder LONDON/WASHINGTON - Wall Street opened lower on Friday as investors reassessed their stance after the Federal Reserve projected interest rate hikes arriving sooner than once thought, while the dollar and U.S. Treasury yields continued to gain ground...
BRUSSELS - Britain needs to restore trust by fully implementing the protocol governing trade for Northern Ireland, European Commission vice-president Maros Sefcovic said on Friday, while welcoming a British bid to cooperate over sausages. Britain should show "unwavering commitment...
LONDON - Some 12% of votes cast at Boohoo's annual shareholders' meeting on Friday opposed the re-election to the board of the British online fashion retailers' co-founder and executive director Carol Kane. Ahead of the meeting, investor advisory groups Glass Lewis and Institution...
By Lawrence White and Gwénaëlle Barzic LONDON/PARIS -HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 billion for the British bank but end its long struggle to dispose of the business as it focuses on Asia...
LONDON - Britain is accelerating its trade talks with New Zealand and aims to seal a "fantastic" agreement in August, its trade ministry said on Friday following talks in London. "Both countries are confident that the remaining issues will be resolved, with talks on track to deliv...