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☆ Oil prices fall as SVB collapse rocks financial markets
▼ + stars: | 2023-03-14 | by ( Emily Chow | ) www.reuters.com time to read: +2 min

ETSINGAPORE, March 14 (Reuters) - Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. U.S. West Texas Intermediate crude futures (WTI) dropped 82 cents, or 1.1%, to $73.98 a barrel. A stronger-than-expected U.S. consumer inflation outcome would put further downward pressure on near term oil prices, National Australia Bank analysts said in a note. Beyond the Silicon Valley Bank shockwaves, oil prices were also under pressure due to signs of a weaker-than-expected economic recovery in China, despite the lifting of its strict COVID-19 restrictions, said Leon Li, an analyst at CMC Markets. In U.S. supply news, the American Petroleum Institute is expected to release industry data on U.S. oil inventories on Tuesday.

ETMarch 14 (Reuters) - Oil prices fell more than $1 on Tuesday, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. U.S. West Texas Intermediate crude futures (WTI) dropped 85 cents, or 1.1%, to $73.93 a barrel. On Monday, Brent fell to its lowest since early January, while WTI dropped to its lowest since December. Beyond the Silicon Valley Bank shockwaves, oil prices were also under pressure due to signs of a weaker-than-expected economic recovery in China, despite the lifting of its strict COVID-19 restrictions, said Leon Li, an analyst at CMC Markets. In U.S. supply news, the American Petroleum Institute is expected to release industry data on U.S. oil inventories on Tuesday.

☆ France faces another day of nationwide protests against Macron's pension plans
▼ + stars: | 2023-03-11 | by ( ) www.reuters.com time to read: +2 min

PARIS, March 11 (Reuters) - France faced a seventh day of demonstrations on Saturday against President Emmanuel Macron's unpopular pension reform plans amid ongoing rolling strikes which have affected refineries, public transport and garbage collections. Demonstrations started at 10 a.m (0900 GMT) in the streets of major cities including Toulouse and Nice. Opinion polls show a majority of voters oppose Macron's plan, while a slim majority supports the strike actions. An additional day of nationwide strikes and protests is planned for March 15. Reporting by Tangi Salaun, Forrest Crellin and Benoit Van Overstraeten; Editing by Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.

☆ Column: The ironic side effects of the rapid global energy transition
▼ + stars: | 2023-03-10 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

This chorus of support for the energy transition has ignited an almost frantic renewable energy development spree across the world, with green energy generation capacity growing at a record pace in every major economy. On January 1st, 2020, the International Maritime Organisation (IMO) implemented ship emissions standards that slashed the maximum level of sulfur allowed in shipping fuels. As sulfur levels dropped more radiation was absorbed. Old solar panels face a similar predicament, especially ones that lack the efficiency of newer models and in the eyes of resellers are not worth collecting from old sites and homes. They can also face volatile market prices for the recycled and reclaimed materials they do manage to gather.

☆ Tesla could begin producing autos in Mexico next year -Mexican official
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

Companies Tesla Inc FollowMEXICO CITY, March 6 (Reuters) - Tesla Inc (TSLA.O) could begin producing its first cars in Mexico next year, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday. Tesla Chief Executive Elon Musk announced the investment last week, saying the Austin, Texas-based company had selected Mexico for its next "gigafactory" with plans to produce a "next gen vehicle." Mexican officials have said the factory will be the world's biggest to produce electric vehicles, with investment worth $5 billion. "The president, by authorizing and backing Tesla, sent a message to the world that they should come to Mexico." Reporting by Daina Beth Solomon in Mexico City Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Thomas Lee, Private-Equity Pioneer, Struggled to Reprise Early Successes
▼ + stars: | 2023-03-05 | by ( Miriam Gottfried | ) www.wsj.com time to read: 1 min

Thomas Lee at his New York office in 2019. Thomas H. Lee, who helped create the private-equity industry in the 1970s, struggled to capitalize on its explosive growth over the past two decades. The investor, who last month was found dead in his office from a self-inflicted gunshot wound to the head, came of age in the era of such buyout legends as KKR & Co.’s Henry Kravis and George Roberts , Blackstone Inc.’s Stephen Schwarzman and Apollo Global Management Inc.’s Leon Black .

☆ NHL roundup: Bruins bounce Rangers for 10th straight win
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +9 min

At the end of a board battle behind Elliott in the second period, Hinostroza one-timed his second goal off a pass from Casey Mittelstadt at 5:35 for Buffalo's first lead. Captain Dylan Larkin scored in the second period and Magnus Hellberg made 32 saves for the Red Wings, who have lost five straight games (0-4-1). Bennett, who had missed six straight games, scored one goal. Capitals 8, Sharks 3Craig Smith scored twice in Washington's four-goal second period and the visitors rallied for a win against San Jose. Predators 3, Blackhawks 1Philip Tomasino, Tyson Barrie and Colton Sissons scored for visiting Nashville in a win against Chicago.

☆ Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY, March 3 (Reuters) - Mexico would not be able to match the incentives offered under a U.S. act to tame inflation if Tesla Inc builds a battery plant in the country, Mexico's finance minister said on Friday, days after Tesla announced the construction of a "gigafactory" there. Tesla (TSLA.O) has not confirmed whether it will also build a battery plant in Mexico, but local officials say Tesla has visited the central states of Hidalgo, Queretaro and Puebla to scout potential sites. A decision on a battery plant in Mexico has yet to be announced. "The battery plant was not in (Tesla's) original plan, it was the Mexican government's suggestion," Ramirez said. Without legislation, Ramirez said, Mexico would not be able to match U.S. incentives.

☆ ‘Leon Russell:’ Review: Ringmaster of Rock ’n’ Roll’s Circus
▼ + stars: | 2023-03-04 | by ( David Kirby | ) www.wsj.com time to read: +1 min

Most rock bios begin with 30 or 40 pages on their subjects’ early years and end with a look at what is often a retirement marked by neglect and what-ifs. Not this one. With “Leon Russell: The Master of Space and Time’s Journey Through Rock & Roll History,” Bill Janovitz gets right down to business, as did his subject: one of the most electrifying stage performers of his day, a chart-topping recording artist, and a singer/songwriter/keyboardist/guitarist/producer who worked with a pantheon that included many of the rock, pop, and country stars of our time. Leon Russell went to work early and never stopped. Never one to let his Brylcreemed good looks be marred by a piece of flying glass, Lewis told the frightened teens behind him to keep chooglin’ while he slipped out the back way and tore off into the night in his Caddy.

☆ NHL roundup: Knights edge Devils in shootout
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +3 min

[1/5] Mar 3, 2023; Las Vegas, Nevada, USA; New Jersey Devils center Nico Hischier (13) skates against Vegas Golden Knights defenseman Shea Theodore (27) during an overtime period at T-Mobile Arena. Adin Hill, playing in his 100th career NHL game, made a career-high 47 saves and stopped all four shootout attempts for the Golden Knights, who broke a tie for first place in the Pacific Division with the idle Los Angeles Kings. Kraken 4, Blue Jackets 2Jared McCann and Alex Wennberg each had a goal and an assist as Seattle defeated host Columbus. Leon Draisaitl and Kailer Yamamoto each had two goals and an assist, and Connor McDavid, whose five-game goal streak ended, had three assists for the Oilers. Lawson Crouse scored his 20th goal of the season for the Coyotes, who have lost four of their past five games.

☆ Are Butterflies Wildlife? Depends Where You Live.
▼ + stars: | 2023-03-04 | by ( ) www.nytimes.com time to read: +10 min

The creatures are simply left out of state conservation statues, or their situation is ambiguous. “State agencies are really at the forefront of conservation for wildlife,” said Scott Black, executive director of the Xerces Society, a nonprofit group that advocates for insect conservation. Sometimes, aquatic insects come under the purview of state wildlife agencies. But across the states without insect authority, officials are often reluctant to broach adding it, Mr. Winton said. Seven of the states without insect conservation authority are in the West, which has felt the effects of climate change intensely.

☆ Site of Tesla Mexico factory near double size of Texas plant, local official says
▼ + stars: | 2023-03-03 | by ( Daina Beth Solomon | ) www.reuters.com time to read: +2 min

Jesus Nava, the mayor of Santa Catarina in the state of Nuevo Leon, said in an interview that Tesla is purchasing the site from private owners. He said the land spans nearly 4,200 acres in an industrial zone, more than double the size of Mexico City's international airport. Tesla's factory in Austin, Texas - one of three existing Tesla vehicle plants - sits on 2,500 acres, according to Tesla's website. Nava said Tesla will reveal what vehicles it will produce at the Nuevo Leon factory when it breaks ground, which it plans to do in three months. Tesla uses recycled water, and such companies typically use minimal liters of water per second, he added.

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☆ ‘Split at the Root’ Review: A Powerful Lens on Immigrant Families Split Apart
▼ + stars: | 2023-03-02 | by ( Concepción De León | ) www.nytimes.com time to read: +1 min

The emotional toll on the families is acute, including inhumane conditions, bureaucratic hurdles and personal trauma. “Split at the Root” is a powerful lens into the emotional plight of the thousands of immigrants who cross the border into the United States, the danger they are fleeing and the people trying to help them. Split at the RootNot rated. Running time: 1 hour 36 minutes. Watch on Netflix.

☆ Elon Musk expected to outline more affordable EV and new Tesla 'Master Plan'
▼ + stars: | 2023-03-01 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

Capturing the mass market is critical to Tesla's goal of increasing deliveries 15-fold - to 20 million vehicles - by 2030. Musk could also describe plans to update the company's best-selling vehicles, after Reuters revealed its "Project Jupiter" plan to revamp its Model Y SUV. The Investor Day event will be webcast from Tesla's Texas factory and is scheduled to start at 4 p.m. EST (2100 GMT). Musk also is set to announce the company's "Master Plan 3" for a "sustainable energy future." It would be the company's first factory outside of the United States, Germany and China, and Musk is expected to provide more details on Wednesday.

☆ Factbox: As Tesla prepares a Mexico plant, a look at auto plants in Mexico
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +3 min

[1/2] A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel BecerrilFeb 28 (Reuters) - Mexico has long been a manufacturing hub in North America for multiple automakers, and the country is trying to position itself for the wave of electric vehicles (EVs) to come. The auto sector is a driver of Mexico's major manufacturing industry, which is heavily integrated into U.S. and Canadian supply chains. Mexican officials on Tuesday said Tesla Inc (TSLA.O) is the latest automaker with plans to build a plant in Mexico. Here are major automakers with plants in Mexico -General Motors Co (GM.N)Silao Plant in the central city in Guanajuato state, produces Chevrolet and GMC full-size pickup trucksRamos Arizpe Plant in the northern city in Coahuila state, builds the Chevrolet Equinox and Blazer SUVs now and will build the 2024 Blazer EV and Equinox EVSan Luis Potosi Plant in the state capital of the central state of San Luis Potosi, produces the Chevrolet Equinox and GMC TerrainFord Motor Co (F.N)Cuautitlan Assembly plant in the central city of Cuautitlan Izcalli, produces Ford Mustang Mach-EHermosillo Assembly Plant in the state capital of the northern state of Sonora, produces Ford Bronco Sport and Ford MaverickToyota Motor Corp (7203.T)Toyota Motor Manufacturing de Baja California in the northern border city of Tijuana, Baja California, produces the Toyota Tacoma pickupToyota Motor Manufacturing de Guanajuato in Apaseo el Grande, Guanajuato, produces the Toyota TacomaStellantis (STLAM.MI)Saltillo Truck Assembly Plant in the state capital of Coahuila, produces Ram light and heavy-duty pickupsSaltillo Van Assembly Plant, makes the Ram ProMaster vanToluca Assembly Plant, produces the Jeep CompassNissan Motor Co (7201.T)Nissan Mexicana (Cuernavaca) in the central city of Jiutepec, produces NP300 pickup truckNissan Mexicana (Aguascalientes 1 Plant) in the central city of Aguascalientes, produces March, Versa, KicksNissan Mexicana (Aguascalientes 2 Plant), produces SentraNissan also has a joint venture plant with Mercedes (MBGn.DE) in Aguascalientes, making the Infinti QX 50 and 55 SUVs, and Mercedes GLB SUVHonda Motor Co (7267.T)Honda de Mexico (HDM) in Celaya, Guanajuato, produces HR-VVolkswagen (VOWG_p.DE)Volkswagen de México in Sanctorum, Puebla, produces Jetta, Tiguan, TaosVW's Audi unit in San José Chiapa, Puebla, produces Audi Q5 premium SUV and plans to start manufacturing EVs by 2027Mazda Motor Corp (7261.T)Mazda de Mexico Vehicle Operation (MMVO) in Salamanca, Guanajuato, produces Mazda2, Mazda3, Mazda CX-30Kia AmericaHyundai Motor Co's (005380.KS) Kia has a plant in Pesqueria, Nuevo Leon, produces Kia Forte, RioBMW AGBMW Plant in San Luis Potosi, produces BMW 3 Series, 2 Series and will produce fully electric "Neue Klasse" modelsSOURCES: Carmakers and Auto Forecast SolutionsCompiled by Kannaki Deka in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla's new Mexico plant could create up to 6,000 jobs - foreign ministry official
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: 1 min

MEXICO CITY, March 1 (Reuters) - Electric carmaker Tesla could create 5,000 to 6,000 jobs at a new plant planned for the northern Mexican state of Nuevo Leon, said Martha Delgado, a Mexican deputy foreign minister. Speaking in an interview on Mexican television late on Tuesday, she also said the company is considering building an electric battery plant in central Mexico. Reporting by Daina Beth Solomon; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla plans 6,000 jobs in Mexico and eyes more investment, government says
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

BMW, General Motors and Ford have all recently announced plans to begin or step up EV production in Mexico as automakers transition away from fossil fuels. Tesla Chief Executive Elon Musk is expected to detail his Mexico plans at an Investors Day event on Wednesday at 4 p.m. EST (2100 GMT). "(Musk) is interested in investing more in Mexico," Mexican President Andres Manuel Lopez Obrador said, noting the two had discussed the government's plans to develop the Isthmus of Tehuantepec in southern Mexico when they recently talked. This closeness was very good for them," she told Mexican television. The factory will employ 5,000 to 6,000 people, she added, noting that similar Tesla plants elsewhere employ up to 10,000.

☆ Mexican president says Tesla to build plant in Mexico
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: +2 min

MEXICO CITY, MEXICO - FEBRUARY 27, 2023: Mexican President Andres Manuel Lopez Obrador at the daily morning press conference at the National Palace in Mexico City. On February 27, 2023 in Mexico City, Mexico. Mexico's President Andrés Manuel López Obrador said Tuesday that electric car company Tesla has committed to building a plant in the city of Monterrey, an industrial hub in northern Mexico. López Obrador said the promise came in phone calls he had Friday and Monday with Tesla head Elon Musk. "There is one commitment that all the water used in the manufacture of electric automobiles will be recycled water," López Obrador said.

☆ The road to Tesla's first Mexico factory
▼ + stars: | 2023-02-28 | by ( Brendan O'Boyle | ) www.reuters.com time to read: +2 min

2022June 13: News outlet Electrek reports that Tesla Chief Executive Elon Musk told workers the company is considering sites in Canada and Mexico for a new factory. Feb. 8: Lopez Obrador says Nuevo Leon and Hidalgo states could be home to a new Tesla plant. Feb. 17: Ebrard says Tesla will soon confirm it has chosen Mexico as a location for a new plant. Feb. 24 and 27: Musk and Lopez Obrador speak in calls as Mexico and Tesla near investment deal. Reporting by Mexico City Newsroom; Writing by Brendan O'Boyle; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico, Tesla near deal on investment after president's phone call- sources
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador earlier revealed he would be talking to the "owner" of Tesla, which officials confirmed meant Musk. "The call went really well," a third Mexican official said. A fourth Mexican official said details of an agreement between Mexico and Tesla would be revealed on Tuesday. Mexico's government has also said the firm is considering investing near a new Mexico City airport. Reporting by Dave Graham and Diego Ore in Mexico City Editing by Brendan O'Boyle and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president speaks to Tesla's Musk, investment in focus
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

Lopez Obrador mentioned the call as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials confirmed the president was referring to Musk. One of them said details of the call would be given on Tuesday, echoing remarks made by Lopez Obrador. After Monday's call, one of the officials said Nuevo Leon was still in the running, and that the Mexican government and Tesla were "90 percent" of the way toward reaching agreement. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'Boyle and Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president to speak to Tesla's Musk on Monday morning
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

Companies Tesla Inc FollowMEXICO CITY, Feb 27 (Reuters) - President Andres Manuel Lopez Obrador is holding a call on Monday morning with Tesla Inc. Chief Executive Elon Musk, two officials said, after the Mexican leader revealed he would be talking to the "owner" of the electric vehicle maker. Lopez Obrador made his remark as he was finishing a regular morning news conference, without explaining precisely if he meant Musk, who is the company's largest shareholder. Two Mexican officials later confirmed the president was referring to Musk. Those comments marked the strongest sign yet that the president's concerns over water supply could become a deal-breaker for Tesla's plans near the U.S.-Mexico border. Reporting by Dave Graham and Diego Ore; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman Sachs pitching wealth clients on investing in Stripe shows how Wall Street drums up exclusive deals for its richest customers
▼ + stars: | 2023-02-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

To that point, Insider's Hayley Cuccinello has a story on how Goldman Sachs offered its richest clients the opportunity to invest in the buzzy fintech Stripe. If I can take the startup client my investment bankers are working with and leverage my wealth clients to help them fundraise, that's a win-win. Even better if the cofounders and employees of said startup turn around and come back to me as wealth clients once I help them get rich. More broadly, this is also just another example of how banks are always finding ways to cater to their rich clients. Click here to read more about how Wall Street is leveraging clients in its investment bank for its wealth business*(OK, I couldn't help myself.

☆ NHL roundup: Bruins edge Kraken on Jake DeBrusk's late tip-in
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +7 min

Brandon Carlo scored the first of the Bruins' two third-period goals, while McAvoy and Hampus Lindholm had two assists apiece. The winning goal was DeBrusk's third goal in three games since returning from injuries. Minnesota killed off its 22nd straight penalty in the win and has not given up a power-play goal in nine straight games. Oilers 7, Penguins 2Connor McDavid had two goals and two assists as Edmonton scored seven straight goals to defeat host Pittsburgh. Vincent Trocheck scored the only goal for the Rangers, who have lost three straight following a seven-game winning streak.

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