SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla Inc CEO Elon Musk, saying he violated a fraud settlement by tweeting material information without preapproval, sending the firm’s shares down 5 percent. The SEC’s request potentially could reopen a turbulent chapter for the electric vehicle maker […]
SYDNEY (Reuters) – Oil prices edged higher on Tuesday, finding steady ground after tumbling more than 3 percent in the previous session when U.S. President Donald Trump called on OPEC to ease its efforts to boost the market. International Brent futures were at $64.95 a barrel at 0108 GMT, up 20 cents, or 0.3 percent, […]
SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission on Monday said a federal court should hold Tesla Inc Chief Executive Officer Elon Musk in contempt for violating last year’s settlement with the federal agency due to new statements made on Twitter, sending shares of the electric carmaker down 5 percent in extended trade. […]
BENGALURU (Reuters) – U.S. house prices are forecast to rise this year at the slowest pace in more than half a decade, as a dearth of single-family homes and higher mortgage rates restrain activity in an already-expensive market, a Reuters poll of housing analysts found. The latest Reuters survey of nearly 40 housing analysts and […]
The journey to PPI has taken years – however, in just a few months’ time, it will be over, for good. That’s because in 2017, the financial regulator agreed a final deadline for all complaints relating to mis-sold payments protection insurance, and now Martin Lewis has warned it’s time to get every penny back. "You […]
Armchair investors have been selling stock. So have pension funds and mutual funds, as well as a whole other category of investors — nonprofit groups, endowments, private equity firms and personal trusts. The stock market is off to its best start since 1987, but these investors are expected to dump hundreds of billions of dollars […]
Thousands of Britain’s most vulnerable people are losing out on help to pay their council tax, a charity has warned. Turn2us said many pensioners are no longer receiving help because of the council’s ongoing shift to digital-only services. It warned the new rules are locking out those who need financial aid the most – and […]
LONDON (Reuters) – Packaged food giant Nestle has hired bankers at Rothschild to sell its Herta packaged meat business, two sources familiar with the matter told Reuters on Monday. The mandate follows Nestle’s announcement earlier this month that it was putting the processed meat company on the block as it seeks to focus on its […]
Average weekly earnings grew by 4.1pc in 2018 to €761.65, according to data from the Central Statistics Office. The highest average earnings were found in the IT and communications sector, where workers earned an average of €1,175.46 per week. This was followed by the financial, insurance, and real estate activities sector at €1,084.89. The lowest […]
BARCELONA (Reuters) – Europe risks falling behind other regions in rolling out 5G mobile services because of onerous regulation and weak investment rather than any security concerns about Chinese equipment, Ericsson CEO Borje Ekholm said on Monday. High spectrum fees, regulatory uncertainty and a lack of investment were more pressing concerns, Ekholm said, alluding to […]