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Nissan reduces output plan for new Leaf due to battery shortage, Nikkei says

TOKYO (Reuters) -Nissan Motor has revised down its production plan for the new model of its Leaf electric vehicle by more than half for September-November due to delays in battery procurement, the Nikkei business daily said on Tuesday. Lower-than-expected battery yields at a Nissan affiliate ...
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Ford to drop up to 1,000 jobs at German plant as demand for electric cars in Europe lags forecasts

FRANKFURT, Germany (AP) — Ford Motor Co. said Tuesday it would cut up to 1,000 jobs at its electric auto plant in Cologne, Germany due to lower than expected demand for battery-powered cars. The job reduction would be carried out so far as possible ...
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Target steps up next-day parcel delivery as discounter tries to narrow gap with rivals

NEW YORK (AP) — Target is expanding its next-day delivery of parcel shipments to 35 of the nation’s top 60 metropolitan markets by the end of next month, marking 22 new cities this year, as the discount retailer aims to narrow the gap with ...
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US futures edge up on Fed rate cut expectations; retail sales data awaited

(Reuters) -U.S. stock index futures inched higher on Tuesday after the S&P 500 and the Nasdaq closed at record highs in the previous session, as investors remained expectant about interest rate cuts from the Federal Reserve later this week. Investors largely priced in a ...
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Meta to debut costlier smart glasses with display at annual Connect event

By Aditya Soni and Echo Wang (Reuters) -Meta is expected to double down on AI-powered augmented reality products with new smart glasses at its annual Connect event on Wednesday, even as the company faces scrutiny over its handling of child safety on its social media ...
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Fed avoids shock to independence for now, with Cook to attend meeting; Miran confirmed to open seat

By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -The U.S. central bank opens a two-day policy meeting on Tuesday having skirted, for now, a first-ever effort by the U.S. President to remove a sitting Fed governor, but still facing unprecedented pressure from the White House ...
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Stellantis to recall over 53,000 US vehicles over fuel pump issue, NHTSA says

(Reuters) -Chrysler-owner Stellantis is recalling 53,849 vehicles in the U.S. due to an issue with fuel pump, which can result in a loss of fuel flow and loss of drive power, the National Highway Traffic Safety Administration (NHTSA) said on Tuesday.(Reporting by Angela ...
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Exclusive-Nvidia’s new RTX6000D chip for China finds little favour with major firms, sources say

By Liam Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) -Nvidia’s RTX6000D, its newest artificial intelligence chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said. The RTX6000D, designed ...
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Anglo American, Codelco finalise $5 billion Chilean copper mines deal

(Reuters) – Anglo American and Chilean state-run copper giant Codelco said on Tuesday finalised an agreement to jointly operate their neighbouring Chilean copper mines, aiming to unlock at least $5 billion in value from their key assets. The mining plan relates ...
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Australia delays first offshore wind auction as global investment retreats

By Christine Chen SYDNEY (Reuters) -Australia’s Victoria state has postponed its inaugural auction for offshore wind farm funding, citing global investment hurdles, in a setback to an industry deemed vital to the country’s transition from coal-fired power to renewable energy. The state government confirmed on Tuesday ...
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Exclusive-Vietnamese feed makers buying Canadian canola meal after China duties, sources say

By Naveen Thukral JAKARTA (Reuters) -Feed millers in Vietnam are taking advantage of bargain prices for Canadian canola meal after China, the product’s traditional buyer, curbed purchases by imposing hefty anti-dumping duties earlier this year, three traders said on Tuesday. Vietnamese millers have been importing around ...
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Dollar wobbles as traders eye series of Fed rate cuts

(Corrects day in final paragraph to Tuesday instead of Monday) By Kevin Buckland TOKYO (Reuters) – The dollar sank to a 2-1/2-month low against the euro and a 10-month trough versus the risk-sensitive Aussie on Tuesday as investors cemented bets for ...
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