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Stellantis close to final scenario on tariffs with US administration, CEO says

PARIS (Reuters) – Stellantis CEO Antonio Filosa said on Thursday a final scenario with U.S. tariffs was getting clearer and the French-Italian-American automaker would soon take actions based on that, as he started to sketch out the group’s new business plan. The ...
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JPMorgan promotes Abularach and Johnson to lead infrastructure investment banking

By Nupur Anand NEW YORK (Reuters) -JPMorgan Chase appointed Francisco Abularach and Michael Johnson as its new global co-heads of infrastructure investment banking, according to a memo seen by Reuters on Thursday. The move comes as dealmaking picks up in the sector. Infrastructure private equity coverage ...
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Exclusive-IPO of Winklevoss-founded crypto exchange Gemini over 20 times oversubscribed, sources say

By Echo Wang NEW YORK (Reuters) -Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has drawn over 20 times as many orders for its planned U.S. initial public offering as there are available shares, people familiar with the matter said on ...
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Average rate on a 30-year mortgage falls to lowest level in nearly a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from ...
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Evergrande liquidators get initial offers for stake in $1.3 billion property services arm

By Shivangi Lahiri and Rishav Chatterjee (Reuters) – The liquidators of China Evergrande Group have received non-binding indicative offers for the developer’s majority stake in its property management arm, inviting potential bidders to submit final offers as soon as November, ...
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Kroger raises sales forecast as Americans stick to eating at home

By Anuja Bharat Mistry and Sanskriti Shekhar Kroger on Thursday raised its annual core sales forecast for the second straight time, banking on resilient demand for fresh produce and other essentials from cautious Americans cutting back on dinning out. The company has focused on promotions ...
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Hyundai battery plant faces at least 2-3 month delay following raid, CEO says

By Nora Eckert DETROIT (Reuters) -A battery plant co-owned by Hyundai Motor is facing a minimum delay of two to three months following an immigration raid last week, Hyundai’s CEO Jose Munoz said Thursday.  The Georgia plant, which is operated through a joint-venture between Hyundai and ...
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US will sort out trade with India, Commerce Secretary Lutnick says in CNBC interview

WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick said on Thursday he believes the United States will sort out a trade deal with India as soon as that country stops buying Russian oil. Asked on CNBC what trade issue he was most focused on, Lutnick mentioned ...
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UN agency appeals for funds to help tens of thousands of quake-hit Afghans, many still homeless

BRUSSELS (AP) — The U.N.’s migration agency is appealing for funds for around 134,000 people who need help in Afghanistan, nearly two weeks after an earthquake killed more than 2,200 people in the country’s mountainous east. Many of the quake-hit Afghans are homeless, sleeping in ...
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Fed seen on track for rate cuts as job worries eclipse inflation fears

(Reuters) – Concern about a softening job market will keep the Federal Reserve on course to resume its interest rate cuts next week, though the U.S. central bank is likely to move cautiously because of fresh signs that tariffs are ...
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Lagarde comments at ECB press conference

FRANKFURT, Sept 11 (Reuters) – The European Central Bank left interest rates unchanged on Thursday as expected but offered no clues about its next move, even as investors continue to bet that more support will be needed as inflation dips below target next year. Following ...
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US Fed looks set to resume rate cuts just as its peers are nearly done

By Sara Rossi and Alun John LONDON (Reuters) -The U.S. Federal Reserve is an outlier among central banks in developed markets, as it looks set to resume rate cuts just as many of its peers are reaching the end of their easing cycles. The European ...
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