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By David Shepardson WASHINGTON (Reuters) -A group representing nearly all major automakers asked the Trump administration Tuesday to roll back aggressive vehicle emissions limits that seek to force the industry to build a rising number of electric vehicles. The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai and other major automakers, …

Major automakers call for EPA to ease tailpipe emissions rules Read More »

(Reuters) -Sempra said on Tuesday it would sell a 45% stake in its infrastructure unit for $10 billion, and has approved a $14 billion expansion of Port Arthur LNG project in Texas, sending the utility’s shares to their highest in nearly seven months. The stake sale to KKR, along with Canada Pension Plan Investment Board, …

Sempra sells $10 billion stake in unit, greenlights Port Arthur expansion project Read More »

(Reuters) -U.S. companies borrowed 2% less to finance equipment in August than a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday. However, equipment borrowings rose by 2.8% from July. The Washington-based trade association, which monitors economic activity in the equipment sector valued at more than $1 trillion, also reported that the …

US business equipment borrowings fall in August, ELFA says Read More »

By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON (Reuters) -Argentina’s international bonds extended gains on Tuesday and the local peso firmed against the dollar after U.S. President Donald Trump spoke in support of his right-wing peer in Argentina, Javier Milei, and his economic program. The World Bank said it aims to deploy up to $4 …

Argentina bonds, peso extend rally with eyes on US support details Read More »

(Reuters) -Bank of Montreal has recently launched a process to sell some of its U.S. branches with about $6 billion in deposits, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Canadian lender is weighing a sale of certain locations it wants to exit. BMO has been looking to pull …

Bank of Montreal explores sale of some US branches, WSJ reports Read More »

-The Australian Securities and Investments Commission on Tuesday initiated Federal Court proceedings against RACQ Insurance, a unit of Insurance Australia Group, alleging the insurer misled thousands of customers with false premium comparison pricing in renewal documents over a five-year period. Between September 2019 and December 2024, Royal Automobile Club of Queensland Insurance sent over 570,000 …

Australia sues IAG’s unit for allegedly misleading thousands of customers Read More »

By Lucia Mutikani WASHINGTON (Reuters) -U.S. business activity slowed for a second straight month in September, and though firms complained about tariffs increasing costs they were not raising prices for their goods and services, which bodes well for the inflation outlook. The survey from S&P Global on Tuesday suggested that businesses were absorbing most of …

US business activity cools further, no widespread price increases Read More »

By David Shepardson WASHINGTON (Reuters) -Two major U.S. broadcast station owners said they will not resume airing “Jimmy Kimmel Live!” on Tuesday on their ABC affiliates and will instead run other programming, after ABC parent Walt Disney said on Monday that it will resume broadcasting the late-night talk show. Nexstar Media and Sinclair Broadcasting said …

Nexstar, Sinclair will not resume airing ‘Jimmy Kimmel Live’ Read More »

By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation and a weakening job market in coming interest rate decisions, even as his colleagues staked out arguments on both sides of the policy divide. “Near-term risks to inflation …

Fed’s Powell strikes middle path on inflation, jobs, as others take sides Read More »