Reuters US Business

By Alun John, Gertrude Chavez-Dreyfuss and Chibuike Oguh LONDON/NEW YORK (Reuters) -The U.S. dollar strengthened against the Swiss franc and euro but weakened versus the yen on Wednesday as positive sentiment from a new U.S. trade deal was offset by political uncertainty surrounding Japanese Prime Minister Shigeru Ishiba’s future. President Donald Trump announced a trade …

Dollar falls against yen as markets weigh new trade deal, Japanese politics Read More »

By Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s largest broadcaster, Grupo Televisa, reduced 2025 capital spending on Wednesday, lowering it to $600 million from $665 million.  Televisa’s Co-Chief Executive Alfonso de Angoitia said on a call with analysts that negotiations with suppliers had resulted in more favorable terms for the company. “While we expect CAPEX deployment …

Mexican broadcaster Televisa cuts 2025 investment budget, shares rise Read More »

By Ernest Scheyder and Tanay Dhumal (Reuters) -Freeport-McMoRan has yet to see details of U.S. President Donald Trump’s plan to impose a 50% tariff on copper imports starting next week, its CEO said on Wednesday after the mining company posted better-than-expected quarterly results. Trump announced the tariffs earlier this month as part of a plan …

Freeport-McMoRan still waiting for US copper tariff details, CEO says Read More »

By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -Japan’s trade agreement with the U.S. could serve as the benchmark for many other deals currently being negotiated with Washington, and the global economy could just about support the 15% level agreed overnight, economists said.   Tokyo’s deal with the U.S. lowers tariffs on auto imports to 15% …

Analysis-US-Japan trade deal averts worst for global economy Read More »

WASHINGTON (Reuters) -U.S. existing home sales dropped to a nine-month low in June as higher mortgage rates and economic uncertainty keep potential buyers on the sidelines, pointing to a deepening housing market slump. The report from the National Association of Realtors on Wednesday added to weak single-family homebuilding last month in suggesting that residential investment, …

US existing home sales hit nine-month low in June Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Zinc levels in flagship U.S. offshore crude Mars’ production stream are now within expected levels after some contamination was identified in recent weeks, oil producer Chevron said on Wednesday, citing recent testing.   The start-up of an offshore well increased the levels of zinc in Mars crude earlier this month, …

Chevron says zinc levels in US Mars oil output within limits Read More »

By Aatreyee Dasgupta and Mike Stone (Reuters) -General Dynamics’ second-quarter profit and revenue topped analyst estimates on Wednesday, driven by robust orders in its marine segment from Columbia- and Virginia-class submarine programs, boosting shares 5% in early trading. The defense company’s nuclear-powered submarine-making marine systems segment produced 22.2% more revenue. The unit is now expected to …

General Dynamics profit, revenue beat estimates on strong marine business, jet deliveries Read More »