By Pratima Desai and Eric Onstad LONDON (Reuters) -Commodity trader Trafigura used shipping receipts from nickel trades to boost profits by lending them to companies not involved in the transaction to raise financing, Indian businessman Prateek Gupta alleged in a…
(Reuters) -Elon Musk's artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. The company has raised $134.7 million in equity financing from…
TEGUCIGALPA (Reuters) - A bus in Honduras skidded off a highway and fell into a ravine on Tuesday, killing 10 people and injuring around two dozen others, authorities said. The bus, carrying nearly 60 people, crashed into a bridge before…
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks declined for a second straight session and U.S. Treasury yields fell on Tuesday, as investors attempted to assess the policy path of major central banks and the trajectory…
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) - The top bosses of JPMorgan, Morgan Stanley, Citigroup and other Wall Street banks will warn lawmakers that capital hikes and new regulations will hurt the economy, according to prepared congressional testimony…
By Nupur Anand NEW YORK (Reuters) - PNC Financial Services CEO William Demchak on Tuesday said that the market disruptions caused by the Basel III endgame proposal is an opportunity for the bank to grow. "The Basel III endgame and…
PARIS (Reuters) -Airbus delivered 64 aircraft in November, down 6% from the same month of 2022, to bring the total so far this year to 623 units, the planemaker confirmed on Tuesday. The tally leaves Airbus needing what several analysts…
(Reuters) - New orders for U.S.-made goods fell more than expected in October, marking the biggest monthly drop in roughly three and a half years, constrained by weakening demand for durable goods and transportation equipment and bolstering the view that…
By Nupur Anand NEW YORK (Reuters) -U.S. home buyers are becoming more willing to purchase properties even as interest rates stay high, according to a study by Bank of America published on Monday. About 62% of respondents said they would…
By Siddharth Cavale and Sheila Dang (Reuters) -Walmart said on Friday it is not advertising on social media platform X, one of the latest brands to say it has dropped the Elon Musk-owned site. "We aren't advertising on X as…