A look at the day ahead in European and global markets from Kevin Buckland The investing world will be watching U.S. factory inflation on Wednesday, after consumer price data pulled Wall Street back from all-time highs overnight, with Fed predictions of tariff-induced inflationary effects starting to be realized. Both the S&P 500 and Nasdaq – …
(Reuters) -Bahraini and U.S. companies signed a series of agreements worth approximately $17 billion, aimed at strengthening economic ties and advancing cooperation across key sectors, Bahrain’s state news agency BNA reported on Wednesday. The deals span sectors such as aviation, technology, industry, and investment. Among the agreements, Cisco Systems will provide digital solutions for Bahrain’s …
By Andrea Shalal and Jasper Ward WASHINGTON (Reuters) -U.S. Trade Representative Jamieson Greer said on Tuesday he had launched an investigation into Brazil’s “unfair” trading practices, a week after President Donald Trump threatened a 50% tariff on imports from Latin America’s largest economy. Trump’s trade war, launched since starting his second term in January, sets …
US launches probe into Brazil’s trade practices, digital payment services Read More »
By Marcelo Teixeira and May Angel NEW YORK (Reuters) -Commodities traders are racing against time to unload as much Brazilian coffee as possible in the United States before Trump’s new 50% tariff on Brazilian products is implemented on August 1, they said on Tuesday. Newly released data showed U.S. consumer prices rose in June as …
Traders rush to land Brazilian coffee in the US before Trump’s 50% tariff Read More »
By Kylie Madry MEXICO CITY (Reuters) -A Mexican regulator on Tuesday slapped three financial institutions with administrative fines but the government reiterated that despite U.S. sanctions on them for alleged money laundering, there was no conclusive evidence of wrongdoing. Last month, the U.S. prohibited certain transactions with Mexico’s CIBanco, Intercam Banco and Vector Casa de …
Mexico imposes administrative fines on US-sanctioned financial institutions Read More »
(Corrects headline to say shipments rose, not output) (Reuters) – Rio Tinto reported a 13% sequential rise in second-quarter iron ore shipments on Wednesday, rebounding from extreme weather-related disruptions earlier this year. The world’s largest iron ore producer shipped 79.9 million metric tonnes (Mt) of the steel-making commodity from its Pilbara operations in the three …
Rio Tinto’s second-quarter iron ore shipments rise 13% sequentially Read More »
By Patricia Zengerle and Bo Erickson WASHINGTON (Reuters) -The U.S. Senate late on Tuesday advanced President Donald Trump’s request to slash billions in spending on foreign aid and public broadcasting previously approved by Congress, the latest test of Trump’s control over his fellow Republicans. However, PEPFAR, a global program to fight HIV/AIDS launched in 2003 …
AIDS program funding preserved ahead of US Senate vote on Trump cuts Read More »
(Reuters) -U.S. President Donald Trump is expected to sign an executive order in the coming days designed to help make private-market investments more available to U.S. retirement plans, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Trump order would instruct the U.S. Labor Department and the Securities and Exchange …
Trump order to help open up retirement plans to private markets, WSJ reports Read More »
By Chris Prentice WASHINGTON (Reuters) -U.S. President Donald Trump on Tuesday stepped in to broker an agreement among Republican lawmakers after a snag cast doubt on the fate of long-awaited cryptocurrency legislation that would mark a major victory for the digital assets sector. A failed procedural vote in the House of Representatives earlier on Tuesday …
(Reuters) -Canadian gold and copper miner Aura Minerals said on Tuesday it plans to raise about $196.4 million from its U.S. initial public offering. The company had said last week that it was preparing to list its shares on the Nasdaq. It said on Tuesday that it plans to sell 8.1 million shares in the …
Canada’s Aura Minerals plans to raise over $196 million in US IPO Read More »
