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  • May 23- Tesla Inc's Model 3 sedan recorded more registrations in California than its class rivals BMW 3- Series and Mercedes C-Class in the first quarter, according to a report by the California New Car Dealers Association. Tesla started delivering the Model 3 to customers in December 2017. California is a key market for global luxury vehicle brands not just...

  • May 23- Ralph Lauren Corp on Wednesday reported a quarterly profit compared with a loss a year earlier, when the luxury apparel maker recorded restructuring charges of $322 million. The New York- based company reported net income of $41.3 million, or 50 cents per share, in the fourth quarter ended March 31, compared with a loss of $204 million, or $2.48 per share, a year...

  • President Donald Trump says he is eager to sign a bill that will dismantle a chunk of the landmark Dodd-Frank act that grew out of the 2008 financial collapse. The Senate voted 67-31 to approve it in March. President Donald Trump is one step from checking off another campaign promise, this time an overhaul of the landmark Dodd-Frank bill that grew out of the 2008...

  • *Two cargoes have yet to arrive in Egypt- minister. *AOS is a leading supplier of wheat to Egypt. DUBAI/ CAIRO, May 23- Dubai- based trader AOS, a leading supplier of wheat to Egypt, has failed to deliver two of its cargoes, Supply Minister Ali Moselhy told Reuters.

  • *Brent, U.S. crude drop on expectations of higher OPEC output. LONDON, May 23- Oil fell on Wednesday, under pressure from a potential increase in OPEC crude output to cool the market's recent rally and cover any shortfalls in supply from Iran and Venezuela. In addition, the United States plans to reimpose sanctions on major oil producer Iran, while an economic crisis...

  • PARIS, May 23- Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment. Uber's new chief executive Dara Khosrowshahi is scheduled to meet French President Emmanuel Macron on Wednesday, ahead of so-called "Tech for...

  • COMCAST CONSIDERING SUPERIOR ALL-CASH OFFER TO ACQUIRE TWENTY-FIRST CENTURY FOX AFTER SPINOFF OF NEW FOX.

  • *Italy's 5- Star piles pressure on president over PM choice. ROME, May 23- Italian President Sergio Mattarella summoned on Wednesday a political novice who has been put forward by the anti-establishment 5- Star Movement and far-right League as their candidate to lead a coalition government. The meeting with little-known law professor Giuseppe Conte was set...

  • May 23- U.S. stock index futures were lower on Wednesday on fresh uncertainty over U.S.- China trade talks and ahead of a Federal Reserve report that would be watched for cues on pace of future interest rate hikes. President Donald Trump said he was not pleased with recent trade talks between the United States and China and also raised doubts about the upcoming...

  • PARIS, May 23- French fashion house Carven, which dressed cabaret queen Edith Piaf, is filing for bankruptcy protection, a spokesman for the company, which employs 100 people, said on Wednesday. Annual sales plunged to 20 million euros $23.4 million) in 2017, half of the level in 2014, when the firm's artistic director left and its fortunes took a new turn for the...

  • FRANKFURT, Germany— The European Central Bank has dealt a setback to Bulgaria's hopes of soon joining the euro, saying the European Union's poorest country needs "wide-ranging" reforms to put its economy in shape. The statement came in the ECB's report card Wednesday on progress toward membership among EU countries that haven't yet joined the 19- country...

  • The results come at a time when Tata's British luxury brand, Jaguar Land Rover, is bracing for a tough year amid concerns that Britain's departure from the European Union in 2019 might create barriers to trade. For the January-March quarter, Tata Motors' net profit https://www.bseindia.com/xml-data/corpfiling/AttachLive/20a877b9-97cc-46ba-af15- e e 5...

  • ISTANBUL, May 23- Turkish business is feeling the pain of the dramatic slump in the lira, with many firms squeezed by higher rents and import bills and consumers holding back on spending in the hope the currency will rebound. The currency has lost a fifth of its value this year, fuelling Turkey's double-digit inflation and hitting many store-holders who pay their...

  • May 23- U.S. stock index futures were lower on Wednesday on fresh uncertainty over U.S.- China trade talks and ahead of a Federal Reserve report that would be watched for cues on pace of future interest rate hikes. President Donald Trump said he was not pleased with recent trade talks between the United States and China and also raised doubts about the upcoming...

  • *Bain beats rival proposal from Sound Point Capital. LONDON/ MILAN, May 23- Italy's Trevi has chosen Bain Capital Credit for a deal worth more than 900 million euros to rescue the engineering firm, four sources told Reuters. Bain Capital Credit has won the auction, the sources said, beating a rival proposal by U.S. investment fund Sound Point Capital to land one of...

  • BRUSSELS, May 23- The euro zone is likely to push back some of the key decisions on completing its banking union to December from June because of lack of trust between governments, made no easier by the emergence of a eurosceptic coalition in Italy, officials said. All EU finance ministers except Britain, which will leave the EU next year, are to discuss a proposal to...

  • LONDON, May 23- The euro fell to near three-month lows against the Swiss franc on Wednesday as fresh data indicating a slowdown in European business activity cast a shadow over the timing of the central bank's rate hike, while concerns over Italian politics rose. President Donald Trump tempered optimism over progress made in trade talks with China.

  • SINGAPORE, May 23- Sinopec, Asia's largest refiner, will boost U.S. crude oil imports to an all-time high as part of efforts by China to reduce its trade deficit with the United States, two sources with knowledge of the matter said on Wednesday. The company's trading arm Unipec has bought 16 million barrels, or about 533,000 barrels per day, of U.S. crude to load in June,...

  • PARIS, May 23- IBM announced new recruitment in France before a meeting between President Emmanuel Macron and the bosses of IBM and Microsoft. IBM will hire about 1,400 people in France over the next two years in the fields of blockchain, cloud computing and internet of things, the company said on Wednesday. These jobs come on top of the already-announced 400 new...

  • Trump says not pleased by recent trade talks with China. LONDON, May 23- Investors sold equities on Wednesday and raced to buy Japanese yen and government bonds from the United States and Germany on fears that setbacks to U.S-China trade talks would undermine increasingly fragile-looking world growth. Investors were also eyeing Turkey and Italy, with the...