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UPDATE 1-Ford to start taking reservations for electric SUV next week

Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday. In April, the No.2 U.S. carmaker invested $500 million in electric car maker Rivian and said it planned to use the Michigan startup’s platform to build a new Ford-branded electric vehicle. A reservation for the Mustang Mach-E can be made on Ford’s website in the United States, Canada and Europe by paying a refundable deposit of $500, the company said. …read more […]

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Ford to start taking reservations for electric SUV next week

In April, the No.2 U.S. carmaker invested $500 million in electric car maker Rivian and said it planned to use the Michigan startup’s platform to build a new Ford-branded electric vehicle. A reservation for the Mustang Mach-E can be made on Ford’s website in the United States, Canada and Europe by paying a refundable deposit of $500, the company said. Ford said it would announce reservation dates for China later. …read more […]

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Philippines Takes ‘Prudent Pause’ on Rates as Growth Revives

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.The Philippines central bank kept its key interest rate unchanged to give previous cuts time to take effect, but said it could lower rates next year if inflation remains muted. The decision to keep rates steady at 4% — predicted by all 19 economists surveyed by Bloomberg — comes after economic growth rebounded to 6.2% in the third quarter from a four-year low of 5.5% in the three months through June. The bank will now take a …read more […]

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Germany Dodges Recession With Surprise Third-Quarter Growth

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Germany narrowly dodged what would have been its first recession in six years, putting a damper on speculation that the government will add fiscal stimulus any time soon.The surprise expansion doesn’t change the fact that the economy is going through a torrid period that’s turned it from the euro area’s traditional growth engine into a source of weakness. Expansion was just 0.1% in the third quarter, with the 19-country currency bloc only a little better, at 0.2%. …read more […]