Reuters US Business

By Dhara Ranasinghe, Alun John and Samuel Indyk LONDON (Reuters) – Global growth concerns have shot back onto the radar of financial markets as weakening U.S. economic data and growing trade tensions hurt consumer confidence and business activity. Although recession is not the base-case scenario for economists, given underlying U.S. resilience, recent data has unnerved …

Analysis-Whisper it and it’s back: Recession risk creeps onto markets’ radar Read More »

By Wayne Cole and Renju Jose (Reuters) -The head of New Zealand’s central bank resigned suddenly on Wednesday, ending a seven-year term that had become contentious at times after painfully high interest rates tipped the country into its worst downturn since 1991. No reason was given for the surprise departure of Adrian Orr as governor …

New Zealand’s central bank loses its head as Adrian Orr suddenly resigns Read More »

(Reuters) -U.S. President Donald Trump took a victory lap in an address to Congress on Tuesday, drawing catcalls and interruptions from some Democratic lawmakers who held up signs and walked out mid-speech in protest. The prime time speech, his first to Congress since taking office on January 20, capped a second day of market turmoil …

Investors react to Trump’s address to Congress Read More »

By Kanishka Singh WASHINGTON (Reuters) – U.S. President Donald Trump told Congress on Tuesday that his administration will create an office of shipbuilding in the White House and offer new tax incentives for the sector. “I am announcing tonight that we will create a new office of shipbuilding in the White House and offer special …

Trump to create office of shipbuilding, offer tax incentives Read More »

By David Ljunggren and Promit Mukherjee OTTAWA (Reuters) -Prime Minister Justin Trudeau told U.S. President Donald Trump on Tuesday that his tariffs on Canadian imports were “a very dumb thing to do” and said Ottawa was striking back immediately at its closest ally. Trudeau, who is stepping down at the end of the week, also …

Trudeau dismisses ‘very dumb’ tariffs, says Trump wants to ruin Canadian economy Read More »

(Reuters) -Carrier Virgin Australia said on Wednesday it had picked Dave Emerson, its chief commercial officer, for its top seat, succeeding Jayne Hrdlicka, while the airline works to relist itself on the local stock exchange. Hrdlicka, who announced her intention to step down in February 2024, led the airline through a critical four-year period, including …

Bain-owned Virgin Australia places insider Emerson at helm of the firm Read More »