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(Reuters) -Mexico’s government is set to raise tariffs on Chinese imports, including cars, textiles and plastics, as part of its 2026 budget proposal next month, Bloomberg News reported on Wednesday, citing three people briefed on the matter. The tariff increases may also target other Asian countries, the report said, citing one of the sources. When …

Mexico set to raise tariffs on imports from China, Bloomberg News reports Read More »

By Sameer Manekar and Byron Kaye (Reuters) -Top Australian airline Qantas said annual profit jumped by nearly one-sixth as a post-pandemic rebound in domestic travel persisted and flagged higher fares in the current financial year, sending its shares to a record high. The result and the sharemarket reaction to it show a company riding a …

Australia’s Qantas says appetite for travel boosts profit, shares surge Read More »

By Rajasik Mukherjee and Sherin Sunny (Reuters) -Air New Zealand posted a smaller-than-expected drop in full-year profit on Thursday, but warned that ongoing engine maintenance issues and sluggish domestic demand would continue to pressure earnings in the current financial year. The airline cautioned that its first-half pre-tax earnings for fiscal 2026, ending December 31, 2025, …

Air New Zealand warns engine woes, soft demand could weigh on FY26 profit Read More »

By Roshan Thomas and Himanshi Akhand (Reuters) -National Australia Bank on Thursday named Inder Singh as its group chief financial officer, effective March 2026. Singh joins the country’s biggest business lender from insurer QBE , where he served as finance chief since 2018. QBE, Australia’s biggest insurer by market value, said Singh will remain with …

National Australia Bank appoints QBE’s Inder Singh as CFO Read More »

By Christine Chen and Himanshi Akhand SYDNEY (Reuters) -Australia’s biggest non-food retailer Wesfarmers said consumer demand was beginning to recover due to easing inflation and interest rates after reporting a higher annual profit and proposing a A$1.7 billion ($1.10 billion) capital return. The conglomerate, which owns Australia’s most popular hardware chain Bunnings, and discount retailer …

Wesfarmers says Australian consumers starting to spend again, profit rises Read More »

MELBOURNE (Reuters) -Australia’s Lynas Rare Earths warned of considerable uncertainty over the future of its heavy rare-earths processing plant in Texas and also reported a steeper-than-expected drop in its annual profit on Thursday. Lynas, the world’s largest rare-earths producer outside China, said it is in negotiations with the U.S. Department of Defence (DoD) to reach …

Lynas flags uncertainty over Texas rare earths plant, posts profit slump Read More »

(Reuters) -Australia’s South32 reported a 75% surge in full-year profit on Thursday, helped by strong performance at its alumina division and higher commodity prices, but still missed expectations. Shares of the company declined as much as 2.1% to A$2.85 as of 0010 GMT, while the broader benchmark index was largely unchanged. The diversified miner’s alumina …

South32 annual profit surges on alumina operations strength, higher prices Read More »

By Noel Randewich (Reuters) -The S&P 500 notched a record high close on Wednesday ahead of quarterly results from Nvidia, Wall Street’s most closely watched event this week, which will test the rally that has pushed valuations of AI-related companies to levels that some investors view as too high. Shares of Nvidia, the world’s most …

S&P 500 notches record close; traders turn to Nvidia results Read More »

(Reuters) -Snowflake raised its forecast for fiscal 2026 product revenue on Wednesday, banking on strong demand for its data analytics services, as enterprises prioritize artificial intelligence spending. Shares of the company were up 13% in extended trading. Snowflake is benefiting from the acceleration in AI software adoption and higher spending from enterprises looking to modernize …

Cloud analytics firm Snowflake lifts annual product revenue forecast; shares jump 13% Read More »