Reuters US Business

By Rishav Chatterjee and Byron Kaye (Reuters) -Australia’s No. 2 casino operator Star Entertainment said it has opened its books to investment group Salter Brothers for a debt refinancing proposal worth up to A$940 million ($590 million) that could help stave off a collapse. The proposal from Melbourne-based Salter Brothers, which has investments in commercial …

Australia’s Star names Salter Brothers as party behind $590 million refinancing play Read More »

By David French and Marianna Parraga HOUSTON (Reuters) -BlackRock CEO Larry Fink said on Monday that inflation in the United States will be elevated by nationalistic policies, including the deportation of workers. The head of the U.S. investment management company, speaking at the CERAWeek conference in Houston, added that markets are discounting inflation and there …

BlackRock CEO Fink says nationalistic US policies to stoke inflation Read More »

By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) -President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out $4 trillion from the S&P 500’s peak last month, when Wall Street was cheering much of Trump’s agenda. A barrage of new Trump …

US stock market loses $4 trillion in value as Trump plows ahead on tariffs Read More »

By Echo Wang NEW YORK (Reuters) -CoreWeave, an artificial intelligence startup backed by Nvidia, has signed a five-year contract worth $11.9 billion with OpenAI ahead of its hotly anticipated stock market launch. As part of the pact, CoreWeave will provide AI infrastructure to OpenAI, CoreWeave said in a statement on Monday, confirming an earlier exclusive …

CoreWeave inks $11.9 billion contract with OpenAI ahead of IPO Read More »

By Shariq Khan and Nicole Jao NEW YORK (Reuters) – At least four U.S. gasoline marketers are preparing legal and regulatory challenges to the Colonial Pipeline over proposed changes in fuel shipping terms which the companies say will hurt their margins and drive up fuel prices at the pump, sources familiar with the discussions said. …

Gasoline shippers clash with Colonial Pipeline on proposed changes to terms Read More »

By Curtis Williams and Chen Aizhu HOUSTON/SINGAPORE (Reuters) – Several U.S. LNG producers are trying to renegotiate higher prices with buyers as a result of rising construction, labor and borrowing costs, according to sources and company statements reviewed by Reuters. Higher prices would eat into the competitive advantage of U.S. liquefied natural gas on the …

US LNG exporters seek to renegotiate deals to cover rising costs Read More »