India Cenbank seen Holding Rates on Friday as Economic Growth Stays Robust

MUMBAI, June 5 Reuters India39;s central bank is widely expected to keep interest rates steady and retain its tighter monetary stance at its policy review on Friday amid robust economic growth and an uncertain inflation outlook. However, a weakened mandate for the ruling Bharatiya Janata Partyled National Democratic Alliance has raised concerns about a potentially slower pace […]
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Dollar Edges Up ahead of Key Data, BoC Policy Meeting

SINGAPORE, June 5 Reuters The dollar steadied on Wednesday, ahead of key U.S. economic data and a monetary policy meeting in Canada that traders have bet will set off a ratecutting cycle for some of the world39;s biggest economies. Investors await U.S. services data on Wednesday and more job figures later in the week. The greenback has […]
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Tesla to Stop Production at German Plant for 5 Days in June

BERLIN, June 4 Reuters Electic vehicle maker Tesla will stop production at its German plant in Gruenheide for five days in June to improve processes in the factory outside Berlin, a spokesperson said on Tuesday. Confirming a report by business daily Handelsblatt, the spokesperson said Tesla would pause production in the vehicle production and powertrain […]
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Zara Owner Inditex Reports Slowing Quarterly Sales Growth

MADRID, June 5 Reuters Zara owner Inditex grew its sales by 7 in the first quarter of its fiscal year, it said on Wednesday, in line with analysts39; expectations. The performance represented a slowdown from a year ago when it benefited from a postpandemic shopping spree. Inditex, which also owns PullBear, Massimo Dutti and other brands, […]
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Cloud Provider CoreWeave to Invest 2.2 bln in Europe

June 5 Reuters Specialized cloud provider CoreWeave said on Wednesday that it plans to invest an additional 2.2 billion in Europe to meet rising demand for artificial intelligence infrastructure, bringing its total investment in the region to 3.5 billion. The Nvidiabacked company plans to build three new data centers, each in Norway, Sweden and Spain by […]
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Japanese Authorities Inspect Toyota HQ over Certification Irregularities

TOKYO, June 4 Reuters Japanese transport ministry officials launched an onsite investigation at Toyota Motor39;s headquarters on Tuesday after irregularities were found in its applications to certify certain vehicle models. The widening fallout over certification tests stems from a safety test scandal at Toyota39;s Daihatsu compact car unit and has also ensnared other Japanese automakers after […]
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