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Can maker Ball Corp beats quarterly profit estimates on lower costs

4 Feb 2025

(Reuters) – Ball Corp, which makes aluminum beverage cans, beat Wall Street estimates for fourth-quarter profit on Tuesday as its cost-cutting measures helped counter weak demand. A growing number of its clients such as Corona beer maker Constellation Brands flagging weak consumer spending has forced Ball Corp to reduce operating expenses. It has also slimmed …

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Analysis-Trump tariffs will only add to the pain for hard-hit Nissan

4 Feb 2025

By Daniel Leussink and Maki Shiraki TOKYO (Reuters) – One of the biggest casualties of Donald Trump’s potential tariffs on Mexico and Canada is likely to be the Japanese automaker that can least afford the pain: Nissan. While it’s unclear whether the U.S. President will follow through with his promised 25% levies after agreeing to …

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China expands key mineral export controls after US imposes tariffs

4 Feb 2025

By Amy Lv, Lewis Jackson and Ashitha Shivaprasad BEIJING (Reuters) -China said on Tuesday it would restrict exports of five metals used in defence, clean energy and other industries in response to fresh U.S. tariffs, refraining from the outright export bans Beijing has previously used against Washington. The restrictions were the latest attempt by China …

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Trump tariff drama carries high stakes for US automakers, car buyers

4 Feb 2025

By Kalea Hall, Nora Eckert and Victoria Waldersee (Reuters) – Donald Trump is keeping some of the world’s biggest automakers guessing whether the U.S. president will follow through on threats to slap their vehicles and supply chains with import taxes that could cause hefty vehicle-price spikes for U.S. consumers. Trump reiterated on the weekend he …

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OpenAI clinches deal with Kakao, talks with SoftBank and Samsung about Stargate

4 Feb 2025

By Hyunjoo Jin SEOUL (Reuters) -OpenAI said on Tuesday it will develop artificial intelligence products for South Korea with chat app operator Kakao, unveiling a second major alliance with a high-profile Asian partner this week. OpenAI Chief Executive Sam Altman also separately sat down with the leaders of Samsung Electronics, SoftBank and Arm Holdings in …

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Canadian factory PMI dips in January as trade war risk dents confidence

4 Feb 2025

By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity increased at a slower pace in January as looming U.S. trade tariffs reduced confidence in the outlook, even as moves by clients to get ahead of the taxes led to the first increase in export orders in 17 months. The S&P Global Canada Manufacturing Purchasing Managers’ …

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Wall Street closes down, pares losses after Trump delays Mexico tariffs

4 Feb 2025

By Abigail Summerville (Reuters) -The major stock indexes closed lower on Monday, but partly recovered from initial steeper losses as U.S. President Donald Trump delayed tariffs on Mexico after his orders to levy tariffs on three countries sparked a global scramble to safe-haven assets earlier in the day. Trump said he has paused planned tariffs …

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Salesforce to cut 1,000 roles, Bloomberg News reports

4 Feb 2025

(Reuters) -Salesforce is cutting more than 1,000 jobs as it simultaneously hires workers to sell new artificial intelligence products, Bloomberg News reported on Monday. Displaced workers will be able to apply for other jobs internally, the Bloomberg report said, citing a person familiar with the matter. The report also added that it couldn’t be determined …

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