By Davide Barbuscia and Suzanne McGee NEW YORK (Reuters) -Investors look set to face a volatile few months ahead after the Federal Reserve resumed interest rate cuts and opened the door to further easing but tempered its message with warnings of sticky inflation, sowing doubt over the pace of future policy adjustments. Some investors are …
Analysis-Fed’s rate cut comes with caveats, leaving investors lukewarm Read More »
(Reuters) – The Trump administration is drawing up plans to use tariff revenue to fund a program to support U.S. farmers, the Financial Times reported on Thursday, citing agriculture secretary Brooke Rollins. “There may be circumstances under which we will be very seriously looking to and announcing a package soon,” Rollins told the newspaper in …
Trump tariffs could fund bailout for US farmers, agriculture secretary tells FT Read More »
(Reuters) – Mexican bottler and retailer Femsa on Wednesday appointed Jose Antonio Fernandez Garza-Laguera as the new chief executive officer, starting on November 1. Garza-Laguera, who will replace the interim CEO Antonio Fernandez Carbajal, is currently the CEO of Femsa Proximity & Health and has held several management roles across Femsa’s business units. Carbajal has …
Mexico’s Femsa appoints Jose Antonio Fernandez Garza-Laguera as CEO Read More »
WASHINGTON (Reuters) – NASA on Wednesday night resumed plans to moor an uncrewed cargo craft to the International Space Station after resolving an early engine-shutdown issue it said was caused by a “conservative safeguard” in the vehicle’s software settings. The arrival of the Northrop Grumman-built Cygnus XL spacecraft, carrying 11,000 pounds (4,990 kg) of cargo …
Northrop spacecraft’s ISS cargo delivery set for Thursday after software hiccup Read More »
SYDNEY (Reuters) – Australian employment unexpectedly fell in August as full-time positions dropped back after a sharp rise in the previous month, while the jobless rate held steady in a sign the labour market was slowly softening. The Australian dollar slipped 0.2% to $0.6637, while three-year bond futures rallied 3 ticks to 96.6. The mixed …
Australia employment unexpectedly falls in August, jobless rate steady Read More »
(Reuters) -Spirit Airlines is set to cut jobs as the airline plans to reduce capacity by 25% year-on-year in November, according to a memo seen by Reuters on Wednesday, deepening woes for the low-budget carrier. The cut by the airlines aims to “optimize our network to focus on our strongest markets”, CEO Dave Davis told …
Spirit to slash flight capacity by 25% and cut jobs, memo says Read More »
By Suzanne McGee (Reuters) -The Securities and Exchange Commission voted on Wednesday to approve proposed rule changes by three national securities exchanges, enabling them to adopt generic listing standards for new cryptocurrency and other spot commodity exchange-traded products. The commission vote removes the last remaining hurdle to dozens of new spot ETFs tied to cryptocurrencies …
SEC paves way for crypto spot ETFs with new listing rules Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s economy shrank more than expected in the second quarter as construction remained in decline and global uncertainty weighed, increasing expectations of a steeper rate cut in October. Official data out on Thursday showed gross domestic product (GDP) fell 0.9% in the second quarter from the prior quarter, …
New Zealand economy contracts sharply, fuelling bets of steeper rate cuts Read More »
By Roberto Samora SAO PAULO (Reuters) – Brazilian meatpacker JBS is prepared for a likely shift in the country’s cattle cycle that could lead to reduced availability of animals for slaughter next year, an executive said on Wednesday. WHY IT’S IMPORTANT JBS is the world’s largest meat producer and Brazil, the No. 1 beef exporter. …
Top global meatpacker JBS prepares for drop in cattle for slaughter in 2026 Read More »
By Jody Godoy (Reuters) – A proposal to require U.S. table saw manufacturers to exclusively use one company’s patented finger detection technology should be dropped along with more than 170 other regulations that hamper competition, President Donald Trump’s Federal Trade Commission said on Wednesday. Under former President Joe Biden, the Consumer Product Safety Commission estimated …
Finger-detecting table saw rule would harm competition, US FTC says Read More »
