By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -U.S. Treasury yields rose on Wednesday after Federal Reserve Chair Jerome Powell said it’s too soon to say whether the central bank will cut its interest rate target in September. “We have made no decisions about September, we don’t…do that in advance,” Powell said at a press conference after …
US yields climb as Fed’s Powell uncertain about September easing Read More »
MEXICO CITY (Reuters) -Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United States within the next three to five years, an executive said on a call on Wednesday, as Washington prepares to levy tariffs on some copper products. U.S. copper prices plunged on Wednesday after an order …
Grupo Mexico evaluating US investments after scaled-back copper tariff Read More »
(Reuters) -Casino operator MGM Resorts International on Wednesday reported a rise in second-quarter revenue, driven by strong performance in its online sports-betting operations as well as its China unit. The company’s China unit reported a 9% revenue growth at $1.11 billion as its casinos in the region generated more revenue from participations in main floor …
MGM Resorts quarterly revenue rises on sports betting strength Read More »
(Reuters) -Hershey beat analysts’ sales and profit estimates for the second quarter on Wednesday, driven by demand during Easter for its confectionery goods and salty snacks. The company said it expects tariff expenses to be between $170 million and $180 million for the full year. It had projected tariff costs to be about $15 million …
Hershey beats quarterly estimates on strong Easter demand Read More »
By Michael S. Derby (Reuters) -The Federal Reserve’s decision to hold interest rates steady following the end of a two-day policy meeting on Wednesday generated the largest number of dissenting votes by governors at the U.S. central bank in just over three decades. Governor Christopher Waller and Fed Vice Chair for Supervision Michelle Bowman cast …
Fed policy decision generates most governor dissents since 1993 Read More »
By May Angel, Helen Reid and Jessica DiNapoli LONDON/NEW YORK (Reuters) -U.S. President Donald Trump’s trade tariffs are meant to boost domestic manufacturing. But in the chocolate industry, they’re doing the opposite: ramping up the cost of importing already-pricey cocoa and hurting the competitiveness of local factories versus Canadian and Mexican outfits that supply the …
Trump’s tariffs give chocolate makers in Canada, Mexico an edge over US firms Read More »
By Marwa Rashad, Curtis Williams and Amanda Stephenson LONDON/HOUSTON/CALGARY (Reuters) -Shell-led LNG Canada is experiencing technical problems as it ramps up production at its liquefied natural gas plant at Kitimat, with one LNG tanker diverting away from the facility without the superchilled fuel in recent days, according to four sources and LSEG ship tracking data. …
Exclusive-Shell-led LNG Canada faces problems as it ramps up production, sources say Read More »
By Hannah Lang (Reuters) -A cryptocurrency working group formed by President Donald Trump on Wednesday outlined the administration’s stances on market-defining crypto legislation and called on the U.S. securities regulator to create new rules specific to digital assets. In a factsheet ahead of a landmark report, the White House urged Congress to move forward with …
White House in crypto policy report calls for SEC action, new legislation Read More »
(Reuters) -The Federal Reserve held interest rates steady on Wednesday in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank’s governors, both appointees of President Donald Trump who agree with him that monetary policy is too tight. The Federal Open …
FOMC holds rates steady, but two dissenters wanted cuts Read More »
By Marta Nogueira RIO DE JANEIRO (Reuters) -Energy companies operating in Brazil suspended oil shipments to the United States after President Donald Trump announced 50% tariffs against the South American country, Roberto Ardenghy, president of oil lobby group IBP, told Reuters on Wednesday. Oil is Brazil’s top export to the U.S. and was exempt from …
Uncertainty over tariffs halts oil shipments from Brazil to US, says lobby group Read More »
