Reuters US Business Archives - Page 235 of 2312

Brazil’s trading firm Timbro enters coffee export market as it sees room to grow

10 Oct 2025 10 Oct 2025

By Roberto Samora SAO PAULO (Reuters) -Brazilian trading company Timbro has added coffee to its portfolio, as it sees room to expand in the sector after traditional traders lost ground due to volatility and record prices over the past year. Timbro, which has become one of Brazil’s key sugar exporters, also trades other products ranging …

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Canada-US sectoral deals likely to persist even if USMCA is revised, Carney says

10 Oct 2025 10 Oct 2025

OTTAWA (Reuters) -The specific deals that Canada is negotiating with the U.S. in key sectors such as steel, aluminum and autos are likely to persist even if the United States-Canada-Mexico trade deal is reviewed next year, Prime Minister Mark Carney said Friday. Carney told reporters it was unlikely that “one simple trade deal” could resolve …

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Bristol Myers buys Orbital Therapeutics for $1.5 billion in cell therapy push

10 Oct 2025 10 Oct 2025

By Christy Santhosh (Reuters) -Drugmaker Bristol Myers Squibb said on Friday it will acquire privately held cell therapy developer Orbital Therapeutics for $1.5 billion in cash, aiming to diversify from legacy products facing competition from generic drugs. The deal expands Bristol Myers Squibb’s CAR T-cell immunotherapy portfolio with Orbital’s lead experimental candidate, OTX-201, which is …

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Canada posts surprise jump in job gains in September, unemployment rate unchanged

10 Oct 2025 10 Oct 2025

By Promit Mukherjee OTTAWA (Reuters) -Canada’s economy posted a surprise 60,400 net job gains in September, almost entirely reversing the losses of the previous month, data showed on Friday, though the unemployment rate remained at a multi-year high. The jobless rate held at 7.1% from August, when the rate hit a nine-year high outside of …

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Colonial Pipeline to cut jobs, sources say

10 Oct 2025 10 Oct 2025

(Refiles to reflect Koch Industries changed its name to Koch in paragraph 5) By Shariq Khan NEW YORK (Reuters) -The Colonial Pipeline Company, operator of the largest U.S. fuel transportation system, informed employees this week it is planning to cut some jobs, according to two sources familiar with the matter and a company statement. “We …

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US equity funds see outflows on profit booking, government shutdown uncertainties

10 Oct 2025 10 Oct 2025

(Reuters) -U.S. investors divested equity funds for the first time in three weeks in the week through October 8, as they favored to take out profits from the recent rally on caution over the rising risks surrounding an ongoing government shutdown. According to LSEG Lipper data, investors withdrew a net $4.52 billion from U.S. equity …

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US companies’ profit growth seen softer, spotlight on AI spending

10 Oct 2025 10 Oct 2025

By Caroline Valetkevitch NEW YORK (Reuters) -U.S. companies could report milder earnings growth in the third quarter than earlier this year, partly due to a likely tariff hit, while investors look for signs that heavy spending on artificial intelligence is paying off. While most U.S. corporations have managed to beat earnings expectations even after U.S. …

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Morning Bid: Bubble, bubble toil and trouble

10 Oct 2025 10 Oct 2025

By Anna Szymanski LONDON (Reuters) -By Anna Szymanski, ROI Editor-in-Charge, and the ROI team Hello Morning Bid readers! Warnings about a stock market bubble grew louder this week, with the Bank of England, IMF and JPMorgan boss Jamie Dimon all expressing concern about the potential economic fallout if Wall Street were to suddenly stop defying gravity. …

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Global equity fund inflows ease on caution over political risks, U.S. shutdown

10 Oct 2025 10 Oct 2025

(Reuters) -Global equity fund inflows cooled to a three-week-low in the week to October 8 as investors took a breather after the recent market rally amid risks surrounding the collapse of the French government and the ongoing government shutdown in the United States. Investors bought just $2.03 billion worth of global equity funds during the …

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Global ‘value’ tilt intensifies as US outflows hit ‘growth’ stock funds hardest

10 Oct 2025 10 Oct 2025

By Mehnaz Yasmin (Reuters) -More global investors are rotating into non-U.S. “value” stocks, fund managers say, as stretched U.S. valuations, rising fiscal strains, and weakening cash flow forecasts make rallying American equities look comparatively less attractive. Investors have withdrawn $152 billion from U.S. growth funds in the first nine months of 2025, even as the …

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Reuters US Business