Reuters US Business

(Reuters) – China on Tuesday swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing 25 U.S. firms under export and investment restrictions. COMMENTS: OLE HANSEN, HEAD OF COMMODITY STRATEGY, SAXO BANK “From a pricing perspective, this is happening at a very …

Instant View: China to impose extra tariffs of 10%-15% on various US farm products Read More »

By Bing Hong Lok SINGAPORE (Reuters) -Servers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia’s advanced chips, a government minister said on Monday. Three men, including a Chinese national, were charged with fraud last week in Singapore. Domestic media linked the case to …

US servers in Singapore fraud case may contain Nvidia chips, minister says Read More »

By David Lawder, Andrea Shalal and Steve Holland WASHINGTON (Reuters) -U.S. President Donald Trump said 25% tariffs on goods from Mexico and Canada will take effect from Tuesday, pushing North America closer to a regional trade war and sending financial markets reeling. Trump’s comments made on Monday triggered a selloff in global stocks and pushed …

Trump locks in Canada, Mexico tariffs to launch on Tuesday; stocks tumble Read More »

By Pete Schroeder (Reuters) -The Federal Deposit Insurance Corporation’s board of directors approved a proposal Monday to roll back a Biden-era policy that ramped up the scrutiny of large bank mergers, the agency said in a statement on Monday. The proposal will temporarily reinstate the merger policy that was in effect prior to 2024 as …

FDIC moves to roll back merger policy that scrutinized larger deals Read More »

By Christy Santhosh (Reuters) -Pfizer CEO Albert Bourla said on Monday the drugmaker might move overseas manufacturing to its existing plants in the United States, if required, as the Trump administration threatens numerous tariffs on imported goods. Bourla’s comments come as drugmakers brace for the possibility of 25% tariff on pharmaceutical imports. A company with …

Pfizer could use existing US manufacturing to counter potential tariff hit Read More »

By Byron Kaye and Christine Chen SYDNEY (Reuters) – U.S. President Donald Trump is executing on a plan to “level the playing field” that he sees as unfair by imposing tariffs on goods from Mexico and Canada, although the end result remains uncertain, the Goldman Sachs CEO told a conference in Australia. Trump said on …

Goldman Sachs CEO says Trump tariffs are meant to ‘level the playing field’ Read More »

By Stella Qiu SYDNEY (Reuters) – Australian retail sales posted a small gain in January after a strong showing in the last quarter as consumer spending continued to pick up amid a slowdown in inflation and large cuts to income taxes. Other data showed net exports unexpectedly added to economic growth in the fourth quarter, …

Australia’s January retail sales post small gain on food-related spending Read More »

(Reuters) – Tesla chair Robyn Denholm has sold about $33.7 million in the electric vehicle maker’s stock, a filing with the Securities and Exchange Commission showed on Monday. Denholm, who has been Tesla’s board chair since November 2018, sold 112,390 securities in the automaker, according to the filing. She also sold the same number of …

Tesla chair Robyn Denholm sells $33 million in stock Read More »