Friday 29 April 2022

Reuters Business: Tesla recalls 48,000 U.S. vehicles over speed display

Tesla recalls 48,000 U.S. vehicles over speed display

Tesla is recalling about 48,000 Model 3 Performance vehicles in the United States because they may not display the speedometer while in "Track Mode," documents released Friday show.

Mercedes looking at energy options should Russia turn off the gas

Mercedes-Benz is looking at energy alternatives should Russia cut gas deliveries and is working closely with German authorities to ensure energy supplies, the premium carmaker's top executive said on Friday.

China, U.S. discussing audit deal plan as delistings loom

China and U.S. regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar with the matter said, in the latest move to try to keep Chinese companies listed on U.S. exchanges.

AbbVie misses quarterly sales estimates as Humira rivals bite

AbbVie Inc missed Wall Street estimates for first-quarter sales on Friday, hurt by European competition for its blockbuster rheumatoid arthritis drug Humira and lower-than-expected revenue from its newer drug Rinvoq.

ECB's Lane say first rate hike no "big issue": Bloomberg TV

The European Central Bank's first rate hike in over a decade is no big issue for the ECB and the big question is rather how fast it should raise borrowing costs further after that, the bank's chief economist Philip Lane said on Friday.

AIB in talks to buy 6 billion euro Ulster tracker mortgages

Allied Irish Banks (AIB) has entered exclusive talks with NatWest Group to acquire about 6 billion euros ($6.3 billion) of Irish tracker mortgage loans as the British group looks to complete its exit from Ireland.

Shortage of materials in German manufacturing eases slightly, economic institute says

A shortage of materials in the German manufacturing industry has eased slightly, the Ifo economic institute said on Friday after it surveyed 2,000 companies in the sector.

Exchange operator CBOE profit beats estimates on robust trading volumes

CBOE Global Markets Inc , topped first-quarter profit expectations on Friday, as growth in transaction volumes for the exchange operator resulted in higher fees from trading options.

Norway's Hydro makes $240 million bid for Polish recycler Alumetal

Norwegian metals maker Norsk Hydro said on Friday it had offered to buy Polish recycler Alumetal in an all-cash transaction for 1.07 billion zloty ($240.4 million), in an attempt to strengthen its recycling profile in Europe.

Futures fall as Amazon, Apple results disappoint

U.S. stock index futures fell on Friday as disappointing quarterly reports from Amazon and Apple pressured growth stocks, pushing the tech-heavy Nasdaq toward its worst month in two years.

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