1. GM's Cruise to begin testing autonomous vehicles in California

REUTERS @2024-09-19 14:03:22-04:00
General Motors' self-driving unit Cruise said on Thursday it will begin supervised testing with up to five autonomous vehicles in fall this year in California's Bay Area.

2. EU, China boost efforts to avert electric-vehicle tariffs, EU says

REUTERS @2024-09-19 13:44:30-04:00
The European Commission and China agreed to intensify efforts to avert EU import tariffs on China-built electric vehicles and could re-examine a minimum-price deal previously rejected by the EU, the Commission said on Thursday.

3. Ex-Kansas City Fed chief sees renewed inflation risk after large rate cut

REUTERS @2024-09-19 13:42:46-04:00
The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve president said on Thursday.

4. Macquarie unit to pay nearly $80 million to settle SEC charges

REUTERS @2024-09-19 13:28:39-04:00
A Macquarie Group investment adviser has agreed to pay $79.8 million to settle charges in connection with overvaluing collateralized mortgage obligations (CMO) held in advisory accounts, the U.S. Securities and Exchange Commission said.

5. Ukraine's debt chief eager to wrap up next trickier round of restructuring

REUTERS @2024-09-19 13:17:50-04:00
The next leg of Ukraine's multi-billion dollar debt restructuring is likely to be trickier than the first but the head of the country's debt agency told Reuters it hopes to reach a swift deal with creditors.

6. M&G sees value in long-dated government bonds, non-US equities

REUTERS @2024-09-19 13:16:31-04:00
M&G Investments sees attractive valuations in some longer-duration government bonds and non-U.S. equities, a multi-asset fund manager at the London-based firm said on Thursday.

7. European utilities slide as investors reposition after Fed cuts

REUTERS @2024-09-19 13:08:47-04:00
The European utilities sector slid on Thursday, as investors moved to less defensive stocks after the U.S. Federal Reserve cut interest rates by 50 basis points on Wednesday.

8. Airbnb CEO says company focused on boosting long-term stays

REUTERS @2024-09-19 13:01:26-04:00
Vacation rental company Airbnb sees a huge opportunity to grow its long-term rental business as short-term rentals are under growing scrutiny in tourist hot spots like Athens and Barcelona.

9. Live Nation seeks to end US states' claim of damages for concertgoers

REUTERS @2024-09-19 10:57:05-04:00
Live Nation Entertainment asked a federal judge in New York on Thursday to dismiss several states' claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster.

10. ECB may accelerate rate cuts in coming months, Panetta says

REUTERS @2024-09-19 10:40:38-04:00
The European Central Bank's rate cutting cycle could accelerate over coming months, governing council member Fabio Panetta said on Thursday.