By Andrea Shalal WASHINGTON (Reuters) -If sustained, U.S. tariffs imposed on Mexico and Canada will have a significant adverse impact on those countries, the International Monetary Fund said on Thursday, citing the strong integration of both countries with the U.S. economy. IMF spokesperson Julie Kozack said the U.S. tariffs on Mexico and Canada and new …
IMF says US tariffs will hurt Mexican, Canadian economies Read More »
By Abhinav Parmar and Lisa Baertlein (Reuters) – Rates for cross-border trucking to and from the U.S. jumped in the lead up to President Donald Trump’s new tariffs on Canada and Mexico, as companies scrambled to accelerate shipments ahead of an expected increase in costs. It marked a brief moment in the sun for the …
Tariff deadline set off spike in cross-border trucking rates, data shows Read More »
By Matt Tracy (Reuters) – Pressure on corporate bond spreads, or the premium paid by companies over risk-free Treasuries, to widen will likely persist as investors grow cautious of the domestic economic outlook and await the implications of the global trade war. High-yield bond spreads hit a peak 299 basis points (bps) on Tuesday, their …
US corporate bond investors cautiously navigate trade war uncertainty Read More »
By Nqobile Dludla JOHANNESBURG (Reuters) -Microsoft will invest an additional 5.4 billion rand ($296.81 million) by the end of 2027 to expand its cloud and artificial intelligence infrastructure in South Africa to meet the growing demand for the company’s Azure services in the region. Microsoft Vice Chair and President Brad Smith said at an event …
Microsoft to invest $300 million more in South Africa’s AI infrastructure Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting that the labor market remained stable in February, though turbulence lies ahead from tariffs on imports and deep government spending cuts. That was flagged by other data on Thursday showing layoffs announced by …
US weekly jobless claims fall; DOGE action boosts planned layoffs in February Read More »
(Reuters) -Venture Global’s shares on Thursday slumped to its lowest level since its debut as the LNG producer forecast its 2025 core profit below Wall Street expectations. Shares of the company fell as much as 22.5% to $11.02 in morning trade as it forecast adjusted core profit between $6.8 billion and $7.4 billion for this …
Venture Global shares slump on downbeat annual core profit outlook Read More »
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – Bain Capital aims to list Seven & i Holdings’ supermarket and retail business in around three years after boosting synergies within the group, an executive of the U.S. private equity firm said on Thursday. Bain also plans to scale up the business, potentially through acquisitions of …
Bain aims to list Seven & i’s supermarket business in about three years Read More »
LONDON (Reuters) – The John Lewis Partnership and Currys on Thursday became the latest major British retailers to give their staff inflation-beating pay rises which only partly reflect a hike in the government-mandated minimum wage. The rises will be monitored by the Bank of England, which is keeping a close eye on wage settlements as …
John Lewis and Currys latest UK retailers to give inflation-busting pay rises Read More »
By Jose Luis Gonzalez and Laura Gottesdiener CIUDAD JUAREZ, Mexico (Reuters) – The flow of Mexican goods exported to the United States has slowed as companies anxiously hold back stock and wait to see if U.S. President Donald Trump might reverse his decision to implement 25% tariffs on Mexico this week. On Tuesday, the first …
Mexican companies hold back U.S.-bound exports, hoping for tariff reversal Read More »
By Helen Coster NEW YORK (Reuters) – Chanting “Elon Musk has got to go” into a pink bullhorn, Carolanne Fry led about 350 demonstrators in a noisy march outside a Tesla electric vehicle dealership in Portland, Oregon, this week. Fry, 38, a public employee and registered Democrat, is among hundreds of organizers in an emerging …
Activists use ‘Tesla Takedown’ protests to fight job cuts by Musk and Trump Read More »
