Reuters US Business

Woodside sees $1.2 billion US LNG play paying off as Trump policies drive deals

25 Feb 2025

By Christine Chen and Sameer Manekar SYDNEY (Reuters) – Woodside Energy, Australia’s top gas producer, is well positioned to capitalise on demand for U.S. liquefied natural gas driven by President Donald Trump’s trade policy and pro-fossil fuel agenda, CEO Meg O’Neill told Reuters on Tuesday. She said the Trump administration’s efforts to reduce the trade …

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Palliser asks Rio Tinto to seek Australian shareholder vote on dual listing

25 Feb 2025

By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) -London-based hedge fund Palliser Capital on Monday urged Rio Tinto to allow the company’s Australian shareholders to vote on a resolution that seeks an independent review of its dual-listing status. The global miner’s British shareholders are set to vote at its annual general meeting in London on …

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Australia treasurer to meet US Treasury’s Bessent amid push for tariff exemption

25 Feb 2025

By Alasdair Pal SYDNEY (Reuters) – Australian Treasurer Jim Chalmers will meet with his U.S. counterpart Scott Bessent on Tuesday in Washington, with Canberra seeking an exemption on 25% tariffs on imports of steel and aluminium announced by President Donald Trump last month. Chalmers will be holding talks with Bessent ahead of the second day …

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American Express joins Alipay digital payment system in China

25 Feb 2025

BEIJING (Reuters) – American Express and Alipay on Tuesday said all global American Express card members can now link their cards to the Alipay digital wallet, enabling payments at tens of millions of merchants across mainland China. The initiative not only simplifies transactions for travellers but also provides local businesses with greater opportunities to attract …

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Berkshire Hathaway shares set new high following record profit

25 Feb 2025

By Jonathan Stempel (Reuters) – Berkshire Hathaway shares rose to a record on Monday after the conglomerate run by Warren Buffett posted its highest-ever quarterly profit, driven by improvement in insurance operations. The conglomerate’s Class A shares closed up $28,735.49, or 4%, at $747,485.49, after earlier reaching $755,968. Those levels surpassed even the $741,971 recorded …

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Australia’s Zip rises on robust annual forecast, first-half cash earnings

25 Feb 2025

(Reuters) – Shares of Zip Co climbed nearly 16% on Tuesday after the Australia-based digital financial services firm said its first-half cash earnings more than doubled, and released its annual earnings forecast, which exceeded consensus expectations. The company’s earnings before taxes, depreciation and amortization (EBTDA) for the six-month period ended December 31 came in at …

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Musk eyes Starlink terminal deployment in U.S. airspace network, Bloomberg News reports

25 Feb 2025

(Reuters) – Elon Musk’s SpaceX is looking to deploy Starlink satellite internet terminals to speed up the information technology networks that support the U.S. Federal Aviation Administration’s national airspace system, Bloomberg News reported on Monday. (Reporting by Surbhi Misra in Bengaluru; Editing by Sandra Maler)

Domino’s Pizza Enterprises falls on slowing sales momentum, first-half profit miss

25 Feb 2025

By Roshan Thomas (Reuters) – Shares of Australia’s Domino’s Pizza Enterprises dropped more than 11% on Tuesday, after the pizza chain operator posted lower first-half profit and a slowdown in same-store sales momentum in the first seven weeks of the second half. The stock fell 10.7% to A$28.8, as of 0025 GMT, its lowest level …

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Nasdaq, S&P 500 fall as AI caution weighs on tech, Nvidia results in focus

25 Feb 2025

By Sinéad Carew and Johann M Cherian (Reuters) – The Nasdaq Composite fell more than 1% on Monday, with big technology stocks creating the biggest drag as investors worried about demand for technology supporting artificial intelligence while they waited for results from market heavyweight Nvidia. The S&P 500 closed slightly lower, marking its third straight …

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Fed needs more clarity before it can go back to cutting rates, says Goolsbee

25 Feb 2025

(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Monday said the U.S. central bank is currently in a “wait-and-see” mode and needs more clarity on the total economic impact of the Trump administration’s new policies including tariffs, immigration, tax cuts, government spending cuts, federal workforce reductions and others before it can act. “There’s …

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