Arrival said on Tuesday it will convert shareholder hedge fund Antara Capital Master Fund LP’s $20 million loan into equity, a move that would help the British electric-vehicle startup lower its debt load.
An expected fall in Mexico’s peso will likely be cushioned by its favorable interest rate spread, although there is a wide range of views on the currency’s prospects over the coming year, a Reuters poll of foreign exchange strategists showed.
Worries that have dogged U.S. stocks for months are fading, pushing some Wall Street firms to raise their outlooks for equities and beckoning investors who have remained on the sidelines.
Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal’s final push to become the world’s first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation.
U.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to build a car factory, newspaper Cinco Dias reported on Thursday, citing unidentified sources close to the discussions.
China is open for investment, the country’s top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome.
U.S. stock index futures were largely flat on Thursday as government bond yields hovered near recent highs on worries that major central banks could keep raising interest rates.
GameStop sank nearly 20% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer’s ailing business.
Other U.S. crypto exchanges are likely to be in the firing line after the Securities and Exchange Commission (SEC) this week sued Coinbase and Binance, two of the world’s largest crypto exchanges, for allegedly breaching its rules.
