BRASILIA (Reuters) -Brazil’s President Luiz Inacio Lula da Silva on Tuesday said his government would provide 30 billion reais ($5.55 billion) in credit as part of a plan to support companies that export goods and are affected by steeper tariffs imposed from Washington. In an interview with local news outlet BandNews, Lula said this was …
Brazil to provide $5.6 billion to help exporters navigate US tariffs Read More »
By Jonathan Stempel (Reuters) -Four major truckmakers, including Daimler and Volvo, sued California to block the state from enforcing strict emissions standards that U.S. President Donald Trump declared void in June. Daimler, Volvo, Paccar and International Motors, formerly Navistar, said they have been “caught in the crossfire” after Trump reversed waivers issued during the Biden …
Daimler, Volvo, other truckmakers sue California to block emissions rules Read More »
WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Tuesday it had resolved antitrust concerns arising from the “Clean Truck Partnership,” which involves major truck manufacturers. Under the Clean Truck Partnership, four manufacturers —Daimler Truck, International Motors, PACCAR, and Volvo Group— agreed in 2023 to abide by a series of California Air Resources Board regulations …
FTC resolves ‘Clean Truck Partnership’ antitrust concerns Read More »
By Saeed Azhar, Johann M Cherian and Sanchayaita Roy NEW YORK (Reuters) -The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month. The Labor Department said the Consumer Price Index (CPI) …
S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes Read More »
By Andrea Shalal and Ryan Patrick Jones WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday said he was hopeful the Senate would confirm Stephen Miran, now chair of the Council of Economic Advisers, to fill a temporary vacancy on the Federal Reserve board before its next meeting in September. Speaking to Fox Business Network’s …
Bessent hopes Miran in place at Fed by September, leading to rate cut Read More »
SAO PAULO (Reuters) -Coffee buyers in the United States have started requesting to postpone imports of Brazilian coffee following a 50% tariff imposed on Brazilian goods by U.S. President Donald Trump, local exporters’ group Cecafe said on Tuesday. The U.S. coffee industry, a major buyer of Brazilian coffee, is now in a holding pattern as …
US coffee buyers requesting to postpone Brazil imports, Brazilian lobby says Read More »
By Juveria Tabassum (Reuters) -Shares of Cava dropped 21% in extended trading on Tuesday, after the Mediterranean restaurant chain lowered its annual same-store sales growth target for the first time since it listed on the New York Stock Exchange two years ago. An uncertain macroeconomic environment has forced consumers to opt for more affordable meals …
Cava’s shares crater after first annual sales growth target cut since IPO Read More »
By Curtis Williams (Reuters) -Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said. Moonilal was speaking at an event …
WASHINGTON (Reuters) -Increasing revenues flowing into U.S. government coffers from tariffs would make it difficult for the Supreme Court to rule against the Trump administration on the issue if a lower court case makes its way to country’s top court, U.S. Treasury Secretary Scott Bessent said on Tuesday. “The more money coming in, it gets …
Tariff revenue makes it hard for Supreme Court to rule against Trump, Bessent says Read More »
By Shivansh Tiwary (Reuters) -Shares of major U.S. carriers soared on Tuesday after upbeat airfare data for July signaled improving pricing power for the industry, as airlines bring capacity in check to align with a soft demand environment. Shares of legacy carriers United Airlines, American Airlines and Delta Air Lines closed up between 9% and …
US airlines’ shares jump as airfare data signals improving pricing power Read More »
