By Sarah Morland MEXICO CITY (Reuters) -Mining and transportation conglomerate Grupo Mexico reported net profit rose 10% in the second quarter, helped by lower mining costs and a good performance from its copper byproducts business even as copper production edged down. Net profit for the group, a leading copper producer, came in at $1.23 billion …
Mining giant Grupo Mexico reports profit bump as copper costs shrink Read More »
By Marcelo Teixeira NEW YORK (Reuters) -Natural resources that are not grown in the United States, including coffee and cocoa, could be exempt from import tariffs when trade deals with producing countries are reached, U.S. Commerce Secretary Howard Lutnick said on Tuesday. Lutnick said in an interview for CNBC’s talk program ‘Squawk Box’ that President …
Coffee and cocoa could be exempt from tariffs in trade deals, commerce secretary says Read More »
(Reuters) -Whirlpool’s shares tumbled 12% on Tuesday after the home appliances maker slashed its full-year earnings forecast and dividend, blaming pressure from rivals loading up on imports ahead of U.S. President Donald Trump’s tariffs. Shares of the Michigan-based company, known for its large appliances such as washing machines and refrigerators, slid 12.1% to $86, hitting their …
Whirlpool shares slump,; co slashes forecast and dividend Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) -Bankers and traders returned to work on a somber Tuesday morning in Midtown Manhattan, New York’s financial epicenter, one day after a shooting that killed four people, including a senior Blackstone executive. The investment firm’s offices were closed on Tuesday after it said senior Blackstone executive Wesley LePatner was …
Wall Street returns to work after Manhattan shooting that killed Blackstone executive Read More »
By Patturaja Murugaboopathy (Reuters) -U.S. covered call funds are drawing robust inflows this year as investors search for higher returns and protection from broader market volatility because of continued tariff risks and geopolitical tensions. According to Morningstar data, U.S. derivative income funds, primarily made up of covered call strategies, attracted a record $31.5 billion in …
U.S. covered call funds attract record inflows as investors seek yield Read More »
By Doyinsola Oladipo NEW YORK -U.S. travel companies including air carriers United Airlines and Southwest Airlines and hotel operators Hilton Worldwide and Wyndham Hotels have issued a collective sigh of relief as budget-conscious Americans have started booking travel again after many put vacation plans on pause earlier this year. U.S. consumer sentiment rebounded in July …
US travel bookings rebound for August, boosting companies’ revenue outlook Read More »
MEXICO CITY (Reuters) -Mexico’s economy likely slightly picked up steam in the second quarter, buoyed by growth in the manufacturing and service sectors that offset weakness in agricultural activity, a Reuters poll showed on Tuesday. Gross domestic product likely expanded 0.4% in the second quarter from the previous quarter in seasonally adjusted terms, according to …
Mexico economy seen growing in the second quarter Read More »
HAVANA (Reuters) -Cuba’s private sector is accounting for more retail sales by value on the Communist-run island than the state for the first time since the years following Fidel Castro’s 1959 revolution, new government data shows. Preliminary figures from the National Statistics Office published last week indicate the “non-state” sector was responsible for 55% of retail …
For first time in decades, Cuba’s private sector outweighs state Read More »
(Reuters) -Palo Alto Networks is in talks to acquire CyberArk Software in a deal that could value the Israeli cybersecurity firm at more than $20 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Shares in CyberArk rose about 13%, while Palo Alto Networks’ stock fell roughly 2%. The Santa …
Palo Alto Networks in talks to buy CyberArk in deal worth over $20 billion, WSJ reports Read More »
By Anuja Bharat Mistry (Reuters) -Royal Caribbean raised its annual profit forecast on Tuesday, banking on resilient demand for its luxury destinations, even as the cruise operator faces pressure from higher fuel costs. The company also forecast current-quarter profit below estimates, sending its shares down about 3% in afternoon trading. The stock has gained about …
Royal Caribbean lifts annual profit forecast on steady cruise demand Read More »
