MEXICO CITY (Reuters) – Mexican airport operator GAP on Tuesday announced a 52-billion-peso ($2.53 billion) investment spread across five years, part of what it described as a development plan that aims to support economic growth and the country’s key tourism sector. GAP operates a dozen airports in Mexico, including hubs in the major beach resorts …
Mexico airport operator GAP to invest $2.5 billion through 2029 Read More »
By Andre Romani and Geert De Clercq SAO PAULO/PARIS (Reuters) -French grocer Carrefour SA on Tuesday proposed to take private its Brazilian unit Atacadao SA, also known as Carrefour Brasil, offering 5.3 billion reais ($920 million) in cash or shares for the one-third stake it does not already own. The unit operates Carrefour supermarkets and …
Carrefour offers 20% premium to take Brazil unit private Read More »
By Douglas Gillison (Reuters) -The top officials for enforcement and supervision at the U.S. Consumer Financial Protection Bureau said on Tuesday they had resigned, citing the Trump administration’s decision to halt all activity at the agency, according to internal emails seen by Reuters. However, the White House Office of Management and Budget said they had …
US consumer watchdog’s enforcement, supervision chiefs say they resigned Read More »
By Noel Randewich and Sukriti Gupta (Reuters) -Wall Street’s main indexes ended mixed on Tuesday as gains in Coca-Cola and Apple offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell’s latest comments. The U.S. central bank is no rush to cut its short-term interest rate again given the economy is “strong overall”, …
Wall Street ends mixed as Coca-Cola gains and Tesla drops Read More »
By Jarrett Renshaw and Jasper Ward WASHINGTON (Reuters) – U.S. President Donald Trump’s planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff, a White House official said on Tuesday. Canada has not been told about the stacking of the tariffs, …
US 25% steel tariffs would stack on other levies on Canada, White House official says Read More »
By Maria Martinez and Rene Wagner BERLIN (Reuters) -Germany’s trade surplus with the United States reached a record level last year, data from the statistics office showed, as countries wait to learn how U.S. President Donald Trump will impose tariffs on imported goods. Germany’s trade surplus with the U.S. expanded to 70 billion euros ($72 …
Germany’s trade surplus with US reaches new record Read More »
By Jonathan Stempel (Reuters) – The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage. Tuesday’s proposed class action against Edison International appeared to be the first shareholder lawsuit …
Edison utility faces shareholder lawsuit over LA wildfires Read More »
By Kylie Madry MEXICO CITY (Reuters) -Market conditions are currently not ideal for Mexican airline Aeromexico to list in New York, the firm’s CEO said on Tuesday, after plans to go public were delayed last year. Aeromexico CEO Andres Conesa told journalists the carrier would list “as soon as market conditions allow,” but did not …
Market conditions still not ideal for Aeromexico IPO in New York, CEO says Read More »
(Reuters) – Super Micro Computer said on Tuesday it believes it will be able to file delayed annual and quarterly reports with the U.S. Securities and Exchange Commission (SEC) by February 25, sending its shares up over 8% after the bell. The server maker said it had received subpoenas from the U.S. Department of Justice …
Super Micro to file delayed annual report by February deadline, shares rise Read More »
SYDNEY (Reuters) – Australia’s parliament has passed laws that would give production tax breaks for critical minerals and renewable hydrogen, in a boost for energy transition plans as it aims to hit net zero emissions by 2050, and reduce dependence on China. The law, passed on Tuesday, will create tax incentives worth 10% of processing …
Australia passes tax incentives law for critical minerals Read More »
