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US manufacturing output falls in January on weak motor vehicle production

WASHINGTON (Reuters) – U.S. manufacturing production unexpectedly fell in January, weighed down by a sharp decline in motor vehicle output. Factory output dipped 0.1% last month after a downwardly revised 0.5% rebound in December, the Federal Reserve said on Friday. Economists polled by Reuters had forecast production edging up 0.1% after a previously reported 0.6% …

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Brazil hints at WTO complaint, tax on US products after Trump steel tariffs

SAO PAULO (Reuters) – President Luiz Inacio Lula da Silva said on Friday that Brazil would react to U.S. President Donald Trump’s decision to issue tariffs on steel imports, suggesting his government could file a complaint at the World Trade Organization, or tax U.S. products. “I hear they are now going to tax Brazilian steel. If …

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Investors pull out of US equity funds for a second successive week

(Reuters) – U.S. investors pulled out of equity funds for the second consecutive week through February 12, driven by rising inflation, weaker economic data and concerns over President Donald Trump’s reciprocal tariffs, dampening risk appetite. LSEG Lipper data showed that U.S. equity funds generated a net $2.25 billion in sales during the week as investors …

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Walmart to shed light on consumer health as inflation bites, tariffs swirl

By Lewis Krauskopf NEW YORK (Reuters) – Walmart’s quarterly report in the coming week will give investors fresh insight into the health of U.S. consumers, who are facing stronger inflation and uncertainty over whether President Donald Trump’s tariffs will push up prices. The benchmark S&P 500 stock index was up about 1% for the week, …

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Elon Musk company signs preliminary agreement on Dubai Loop project

By Jana Choukeir and Yousef Saba DUBAI (Reuters) – Elon Musk’s The Boring Company and Dubai’s Road and Transport Authority (RTA) have signed an initial agreement to build the Dubai Loop, an underground high-speed transport network spanning 17km (10.6 miles), they said on Friday. The United Arab Emirates’ Artificial Intelligence Minister, Omar Al Olama, announced …

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Telefonica hires JPMorgan to sell its Mexican business, Cinco Dias reports

MADRID (Reuters) – Spanish telecom group Telefonica has hired investment bank JPMorgan to sell its Mexican business, newspaper Cinco Dias reported on Friday, citing unidentified financial sources. The company is seeking to carry out the sale before its annual shareholders meeting, which is generally held in April or May, the newspaper said. A spokesperson for …

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Australia’s HealthCo says HMC Capital among suitors for Healthscope hospitals

(Reuters) – Australia’s HealthCo Healthcare and Wellness REIT said on Friday that a consortium led by David Di Pilla’s HMC Capital had approached it for a possible buyout of Healthscope hospitals. Healthscope, which is the country’s second-largest private hospital operator with about 38 hospitals, accounts for nearly 59% of HealthCo’s gross earnings and has a …

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