By Steve Gorman LOS ANGELES (Reuters) -The California Coastal Commission voted on Thursday against a plan by Elon Musk’s SpaceX to nearly double the number of Falcon 9 rocket launches the company is permitted to conduct each year from Vandenberg Space Force Base, from 50 to 95. But as was the case when the commission …
California Coastal Commission opposes SpaceX launch expansion on West Coast, again Read More »
(Reuters) -The Dow Jones Industrial Average hit an all-time intraday high on Friday, making it the last of the three major U.S. indexes to clinch a record in Wall Street’s rally fueled by the prospect of a looser monetary policy, easing trade tensions and upbeat corporate earnings. The Dow surpassed the previous peak of 45,073.63 …
Dow scales record high on hopes of Fed rate cuts, trade deals Read More »
By Ana Mano SAO PAULO (Reuters) -China and Europe will resume buying chicken products from Brazil “in a matter of days or weeks” as local authorities controlled a bird flu outbreak that triggered trade bans in the second quarter, Brazilian food processor BRF SA said on Friday. Brazil’s first bird flu case at a chicken …
Brazil’s BRF expects China, Europe to resume chicken imports Read More »
By Lisandra Paraguassu and Lucinda Elliott BRASILIA/MONTEVIDEO (Reuters) -Brazil is engaged in a “constructive dialogue” with Canada to resume negotiations for a free trade agreement between South America’s Mercosur bloc and Ottawa, the Brazilian Foreign Trade Secretary said. Canadian officials are due to visit Brazil in late August, according to Tatiana Prazeres, Brazil’s Foreign Trade …
Brazil in talks with Canada to revive Mercosur trade deal Read More »
BEIJING/HONG KONG (Reuters) -China’s Ant Group said relevant procedures regarding its acquisition of Bright Smart Securities & Commodities Group are moving forward as planned, in response to a report that said the deal may face higher regulatory scrutiny and could be delayed. Shares of Bright Smart dropped as much as 26.2% to HK$10.26 on Friday …
China’s Ant Group says Bright Smart deal on track following report of delay Read More »
WASHINGTON (Reuters) -U.S. business inventories increased as expected in June, lifted by higher motor vehicle stocks. Inventories rose 0.2% after being unchanged in May, the Commerce Department’s Census Bureau said on Friday. Inventories are a key component of gross domestic product and one of the most volatile. They increased 1.6% year on year. Inventories decreased …
US business inventories rise as expected in June Read More »
By Rashika Singh and Arsheeya Bajwa (Reuters) -Intel shares rose nearly 4% on Friday on hopes of more financial aid for the turnaround of the struggling chipmaker after a report that the U.S. government may buy a stake. The Bloomberg News report followed a meeting between CEO Lip-Bu Tan and President Donald Trump on Monday …
Intel shares rise on report of possible US government stake Read More »
WASHINGTON (Reuters) -U.S. factory production was unchanged in July suggesting manufacturing activity was stalling as businesses navigate higher costs from import tariffs. The unchanged reading in manufacturing output reported by the Federal Reserve on Friday followed an upwardly revised 0.3% increase in June. Economists polled by Reuters had forecast production for the sector, which accounts …
WASHINGTON (Reuters) -U.S. consumer sentiment softened in August as households anticipated higher goods prices because of import tariffs. The University of Michigan’s Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to 58.6 this month from a final reading of 61.7 in July. Economists polled by Reuters had forecast the index would increase …
US consumer sentiment weakens in August; inflation expectations rise Read More »
By Tatiana Bautzer and Hannah Lang NEW YORK (Reuters) -Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business. The U.S. bank is among a handful of traditional institutions, including Fiserv …
Citigroup considers custody and payment services for stablecoins, crypto ETFs Read More »
