Reuters US Business

By Katha Kalia, Eric Onstad and Ernest Scheyder (Reuters) -MP Materials unveiled a multibillion-dollar deal with the U.S. government on Thursday to boost output of rare earth magnets and help loosen China’s grip on the materials used to build weapons, electric vehicles and many electronics. Under the deal, which sent MP’s shares up nearly 50%, …

MP Materials seals mega rare-earths deal with US to break China’s grip Read More »

By Fabian Cambero SANTIAGO (Reuters) -Chilean copper miner Antofagasta sees opportunity for its stalled copper project in the U.S. following President Donald Trump’s move to impose 50% import tariffs on the metal, CEO Ivan Arriagada said on Thursday. London-listed Antofagasta operates four copper mines in Chile and aims to develop the Twin Metals copper and …

Trump copper tariffs could help Antofagasta’s stalled US project, CEO says Read More »

By Ann Saphir and Dan Burns (Reuters) -The number of Americans filing new applications for jobless benefits unexpectedly fell to a seven-week low last week, suggesting employers may be holding on to workers despite other indications of a cooling labor market and creating no urgency for the Federal Reserve to resume its interest rate cuts. Initial …

US weekly jobless claims unexpectedly slip to 7-week low Read More »

NEW YORK (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday the U.S. central bank still has some ways to go in shrinking the size of its holdings, in comments that offered a potential resting size for the ongoing drawdown, while reiterating a case is still there to cut the central bank’s interest rate target …

Fed’s balance sheet drawdown likely can continue for some time, Waller says Read More »

SANTIAGO (Reuters) -Copper production from Chilean state-run miner Codelco ticked up some 16.5% year-over-year in May, data from copper commission Cochilco showed on Thursday, climbing to 130,100 metric tons. Codelco is the world’s largest miner of the red metal. Meanwhile production at BHP’s Escondida mine, the world’s largest copper mine, leaped some 24.4% to 132,000 …

Copper output from Chile’s Codelco climbs 17% in May Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines said on Thursday its bookings have stabilized after a sharp pullback in March and April, but are at a lower level than the company’s estimates at the start of the year. Still, the improvement was enough for the Atlanta-based carrier to provide a full-year profit outlook …

Delta Air sees profit boost as booking stability sparks stock rally Read More »

By Luciana Magalhaes and Ricardo Brito BRASILIA (Reuters) -When U.S. President Donald Trump linked 50% tariffs on Brazil to the trial against his ally, the country’s former far-right leader, Washington left Latin America’s largest economy with few options to deescalate but may have overestimated the country’s vulnerability to the levies. Brazil President Luiz Inacio Lula …

Analysis-Brazil has few exit routes from Trump tariff but feels less pain Read More »