By Sai Ishwarbharath B MUMBAI (Reuters) – Global commodity trader Cargill plans to add 500 jobs to its global capability centres (GCCs) in the next two to three years, bringing the overall headcount to 3,500, as part of its plans to increase its digital and tech workforce in the country. Most of the hiring would …
Commodity trader Cargill to add 500 jobs to its Indian global centres in 3 years Read More »
(Reuters) -Goldman Sachs sees downside risks to its average Brent forecasts for 2025 and 2026 in the wake of OPEC+’s plans to increase oil output in April, including softer demand based on recent U.S. activity data and tariff escalation. The output increase is the first since 2022 from OPEC+, which includes the Organization of the …
Goldman sees downside risks to 2025-2026 Brent forecasts amid OPEC+ output increase Read More »
Morning Bid U.S. What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets We’ve revamped Morning Bid U.S. to offer you more in-depth markets analysis and commentary. Mike Dolan will help you make sense of the key trends shaping markets each day. For more expert analysis, look out …
(Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) on Tuesday closed a preliminary evaluation into about 72,926 General Motors hybrid vehicles over concerns related to its battery control module. The probe was opened in 2023 to investigate allegations regarding motive power loss, potential stalling, reduced power, and/or a no-start condition. The investigation covered …
NHTSA closes probe into nearly 73,000 GM hybrids Read More »
MILAN (Reuters) – Automaker Stellantis said on Tuesday it welcomed the European Commission’s announcement that it would propose a softening of the bloc’s carbon emission targets for cars. The Commission, the European Union executive body, yielded to pressure from European automakers by announcing on Monday it would give them three years, rather than only one, …
Stellantis welcomes EU move to soften car emission targets Read More »
SHANGHAI (Reuters) – U.S. President Donald Trump’s criticism of China’s foreign exchange policy appears to be unfounded, given the yuan’s relative strength in currency markets and Beijing’s efforts to keep it stable. Trump said on Monday he told the leaders of Japan and China they cannot continue to reduce the value of their currencies as …
Evidence suggests Trump’s cheap yuan comment is unfounded Read More »
By Leika Kihara and Makiko Yamazaki (Reuters) -U.S. President Donald Trump said he told the leaders of Japan and China they could not continue to reduce the value of their currencies, as doing so would be unfair to the United States. The remarks added to market jitters as Trump’s new 25% tariffs on imports from …
Trump says Japan, China cannot keep reducing value of their currencies Read More »
By Michele Pek SINGAPORE (Reuters) -Dalian iron ore futures slid for a seventh consecutive session on Tuesday as fresh U.S. tariffs on top consumer China kicked in, heightening trade tensions. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed down 1.14% at 781 yuan ($107.26) a metric ton. The benchmark April …
Iron ore extends losing streak on Sino-US trade tensions Read More »
By David Shepardson and Steve Holland WASHINGTON (Reuters) -Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday. Taiwan’s dominant position as a maker of chips used in technology …
Trump and TSMC announce $100 billion plan to build five new US factories Read More »
By Scott Murdoch and Zoey Zhang SYDNEY (Reuters) -Chinese electric vehicle maker BYD said on Tuesday it had raised $5.59 billion in a primary share sale that was increased in size, making it the largest of its kind in Hong Kong in four years. The company said it sold 129.8 million primary shares in the …
China’s BYD raises $5.59 billion in share sale, Hong Kong’s largest in four years Read More »
