By Kanishka Singh WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday that the status quo situation with China was “working pretty well” as the world’s two biggest economies have in recent days extended a truce in their bitter trade dispute surrounding tariffs. KEY QUOTES “China is right now the biggest revenue line in …
US treasury chief says status quo with China ‘working pretty well’ Read More »
By Rocky Swift TOKYO (Reuters) -Japan’s Nikkei share average will likely ease off recent record highs toward year-end, according to strategists in a Reuters poll, though much depends on a fragile trade agreement with the United States. Japan’s benchmark stocks index last week surpassed its previous intraday record, and traded as high as 43,876.42 this …
Japan’s Nikkei to ease off record peak as trade honeymoon fades: Reuters poll Read More »
By Allison Lampert and Wa Lone MONTREAL/TORONTO (Reuters) -Air Canada’s unionized flight attendants reached an agreement with the country’s largest carrier on Tuesday, ending the first strike by its cabin crew in 40 years that had upended travel plans for hundreds of thousands of passengers. The strike that lasted nearly four days led the airline …
Air Canada to resume service as flight attendants’ union ends strike Read More »
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products. The department said 407 product categories are being …
US hikes steel, aluminum tariffs on imported appliances, railcars, EV parts Read More »
(Reuters) -Vantage Data Centers said on Tuesday it would spend more than $25 billion to build a 1,200-acre data center campus in Shackelford County, Texas, as surging demand for artificial intelligence infrastructure fuels mega-scale developments. Backed by private equity firm Silver Lake and asset manager DigitalBridge, Vantage said the 1.4-gigawatt campus, dubbed “Frontier”, is the …
Vantage Data Centers plans $25 billion AI campus in Texas Read More »
By Jonathan Stempel (Reuters) -The parent of Booking.com and other travel websites will pay $9.5 million to settle a Texas lawsuit claiming it deceptively marketed hotel rooms by omitting mandatory “junk” fees, enticing consumers with artificially low prices. Texas Attorney General Ken Paxton said on Tuesday the settlement with Booking Holdings is the largest by …
Booking.com parent in $9.5 million ‘junk fee’ settlement with Texas Read More »
(Corrects headline and paragraph 1 to quadrupled from tripled, and dateline to Aug 19) By Nicole Jao NEW YORK (Reuters) -Mergers and acquisitions in the U.S. oil and gas sector more than quadrupled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to an Ernst & Young …
US oil and gas M&A activity quadrupled last year, report says Read More »
By Ana Mano and Ricardo Brito SAO PAULO (Reuters) -A website containing information about Brazil’s “soy moratorium,” a private agreement enforced by global grain traders to protect the Amazon rainforest from soy-driven deforestation, was taken offline on Tuesday after Brazil’s antitrust authority ordered suspension of the pact. The move is a response to a set …
Brazil’s ‘soy moratorium’ site offline after antitrust ruling setback Read More »
By Isabel Teles SAO PAULO (Reuters) -The United States has accepted a request for consultations from Brazil at the World Trade Organization regarding tariffs it imposed on its goods, even as it argued the levies are a matter of national security, according to a document posted on the WTO website. President Donald Trump slapped a …
US accepts Brazil’s WTO consultation request over tariffs Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Toms Capital Investment Management requested to meet with the board at CSX after recently buying a stake in the U.S. railroad operator, people familiar with the matter said, raising speculation the firm may push for a possible merger. Run by Benjamin Pass, Toms Capital invested in the …
Exclusive-Toms Capital seeks CSX meeting after buying stake, sources say Read More »
