U.S. banks’ reluctance to lend cash may have caused repo shock – BIS

[ad_1] LONDON (Reuters) – The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a…

‘Strong customer reluctance’ forces Volkswagen to slash electric vehicle production

[ad_1] Customers were sold on a high upfront cost which could be recouped through cheaper charging. But Russia’s attack on Ukraine has pushed up natural gas prices, leading to spiralling…