Wednesday, June 12th, 2019

 

Analysts split on Tesla 2019 delivery promises

JUNE 12 — Tesla Inc shares were down 2 per cent today, as analysts remained divided on the electric-carmaker’s chances of meeting delivery and production targets in the months ahead, despite Chief Executive Officer Elon Musk’s reassurances at…


US sanctions Iraq-based company, says it backs Iran’s IRGC

WASHINGTON, June 12 — The United States today sanctioned an Iraqi company and two of its associates, which it said had helped Iran’s Islamic Revolutionary Guard Corps-Quds force evade sanctions by smuggling hundreds of millions of dollars worth…


Cocoa futures surge as Ivory Coast, Ghana seek higher prices

LONDON, June 12 — Cocoa futures rose sharply today following reports that key producers Ivory Coast and Ghana had stopped sales in a push for higher prices, dealers said. The September forward contract for the commodity, listed in New York,…


US stocks near flat amid ongoing trade uncertainty

NEW YORK, June 12 — Wall Street stocks were little changed early today amid uncertainty over ongoing US-China trade developments, while tepid US inflation data boosted speculation of a Federal Reserve interest rate cut. Analysts described the…


Italy seeks delay to EU budget decision, awaiting tax data, say sources

ROME, June 12 — Italy aims to convince the EU to delay until the autumn a decision on whether to open a disciplinary procedure over its finances, which are expected to look healthier after tax revenue data in July, four coalition sources said…


Swedish start-up secures funds for battery ‘gigafactory’

STOCKHOLM, June 12 — Swedish start-up Northvolt today announced it had secured funding, in large part from Volkswagen, for Europe’s biggest car battery factory, set to rival electric carmaker Tesla’s US “Gigafactory”. The battery producer…


Far from ‘devalued’, euro surges as trade war hits yuan

LONDON, June 12 — If evidence is needed of how far ripples from the Sino-US trade war are reaching, have a look at Europe where the yuan’s slump is driving up the euro’s value against trade partners’ currencies, handicapping the…


Renault chairman weakened as Macron snubs meeting, say sources

PARIS, June 12 — French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government’s interference at the carmaker, sources told Reuters, raising questions over…


EU warns UK must pay bill even in ‘no deal’ Brexit

BRUSSELS, June 12 — The European Commission warned today that Britain will have to pay its outstanding share of the existing EU budget even if it leaves the union without a withdrawal agreement. In a statement on preparations for Britain’s…


Renault boss battles to keep carmaker on track

PARIS, June 12 — When he was tapped to succeed fallen auto titan Carlos Ghosn as head of Renault in January, Jean-Dominique Senard was touted as a steady hand at the wheel who would shore up the French carmaker’s frayed alliance with Nissan. But…