TOKYO (Reuters) – S&P Global Ratings said on Friday it had cut its long-term issuer credit ratings on Nissan Motor to ‘BB’. It said that “prospects for a fast improvement in Nissan Motor’s automotive business to levels comparable with similarly rated peers’ are now remote”. (Reporting by Kantaro Komiya and Kiyoshi Takenaka)
(Reuters) – Global money market funds witnessed a surge in inflows in the week through March 5 as investors sought safety following the United States’ move to escalate its trade war by slapping steep tariffs on imports from Canada, Mexico and China, fueling concerns about the potential impact on the global economy. Investors pumped a …
Inflows into global money market funds jump as US tariffs deepen economic fears Read More »
JAKARTA (Reuters) -Indonesia has issued local content certificates for 20 Apple products, including the iPhone 16, an industry ministry spokesperson said on Friday, although the company still needs permits from other ministries before it can sell the phones. The issuing of the certificates follows last month’s announcement of more than $300 million investments by Apple …
Apple gets local content certificates in Indonesia, still needs more permits Read More »
By Marcelo Teixeira HOUSTON (Reuters) – Global coffee traders and roasters say they have slashed their purchases to minimal levels, as the industry reels from a steep surge in prices that suppliers have yet to convince retail stores to accept. At the U.S. National Coffee Association annual convention in Houston this week, attendees said they …
Global coffee trade grinding to a halt, hit hard by brutal price hikes Read More »
By Michele Pek SINGAPORE (Reuters) – Dalian iron ore futures logged a weekly fall on Friday, despite snapping a nine-session losing streak on the day, weighed down by reports of steel production cuts in China and an intensifying trade war between Washington and Beijing. The most-traded May iron ore contract on China’s Dalian Commodity Exchange …
Iron ore ticks up, but posts weekly loss on tariff woes Read More »
By Liz Lee and Kevin Yao BEIJING (Reuters) – China’s new yuan loans are expected to have sharply decreased in February from an all-time high in January, a Reuters poll showed on Friday, due to muted credit demand after the boost from front-loading loans at the start of the year. Chinese banks are estimated to …
China’s February bank loans likely to dip from record high: Reuters poll Read More »
By David Shepardson (Reuters) – The failure of a SpaceX Starship test flight on Thursday scattered debris over parts of the Caribbean, prompting numerous flight diversions around Turks and Caicos and temporary ground stops at four Florida airports. The Federal Aviation Administration issued ground stops for flights departing for Miami, Fort Lauderdale, Orlando and Palm …
SpaceX Starship failure prompts diversions, Florida airports ground stops Read More »
By Sabrina Valle and Abigail Summerville NEW YORK (Reuters) -Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the firms said on Thursday, closing out nearly a century of trading on public markets for the U.S. pharmacy giant. The price is a fraction of the $100 billion the second-largest U.S. pharmacy …
Walgreens to be taken private by Sycamore in $10 billion deal Read More »
By Jody Godoy (Reuters) -The U.S. Federal Trade Commission sued on Thursday to block medical device coatings maker Surmodics’ acquisition by private equity firm GTCR, saying the deal would contribute to high healthcare costs. The FTC said the deal would give the combined company more than 50% of the market for suppliers of hydrophilic coatings …
US FTC sues to block private equity purchase of medical company Read More »
(Reuters) -New policies under the Trump administration are placing the U.S. economy in “incredible flux,” Atlanta Federal Reserve Bank President Raphael Bostic said on Thursday, and he suggested it is unlikely that the Fed will have enough clarity to move on interest rates before late spring or summer. “There’s a lot of transition that’s happening, …
Fed may need to stay patient on rates until summer, Bostic signals Read More »
