By Lewis Jackson and Amy Lv BEIJING (Reuters) – U.S. President Donald Trump on Tuesday said he planned to announce a 50% tariff on copper imports later in the day, surprising a global industry whose output is critical to electric vehicles, military hardware, semiconductors and a wide range of consumer goods. Trump in February had …
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in South Africa next week, sources familiar with his plans told Reuters, but will attend the World Expo 2025 in Osaka, Japan, according to a Treasury spokesperson. Bessent’s decision to miss the G20 finance ministers and …
US Treasury’s Bessent to skip South Africa G20 meeting, heading to Japan Read More »
By Marwa Rashad and Curtis Williams LONDON/HOUSTON (Reuters) -Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company’s proposed facility in Cameron, Louisiana, as it seeks to strengthen its position in the market for the superchilled fuel, four people told Reuters on Wednesday. The talks are …
By Tommy Reggiori Wilkes and Valentina Za LONDON/MILAN (Reuters) -Regulators should consider limits on leverage used by non-bank financial firms such as hedge funds as well as measures to curb their size, the Financial Stability Board (FSB) said on Wednesday in a series of recommendations to make “shadow banking” safer. Non-bank financial institutions, including hedge …
Hedge funds should face limits on leverage, global regulator recommends Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday called on the Federal Reserve to lower the federal benchmark interest rate by at least 3 percentage points, renewing his call for the U.S. central bank to lower rates to help reduce the cost to service the nation’s debt. “Our Fed Rate is AT LEAST 3 Points …
Trump says U.S. interest rate is at least 3 points too high Read More »
(Reuters) -Nvidia-backed Perplexity AI said on Wednesday it has launched Comet, a new web browser with AI-powered search capabilities, as the startup looks to challenge the dominance of market leader Alphabet’s Google Chrome. The launch marks Perplexity AI’s entry into the competitive browser market, aiming to replace traditional navigation with agentic AI that can think, …
Nvidia-backed Perplexity launches AI-powered browser to take on Google Chrome Read More »
(Reuters) -Starbucks’ China business has attracted offers for a potential stake sale, valuing the coffee chain unit at up to $10 billion, CNBC reported on Wednesday, citing people familiar with the matter. Asia-based private equity firms Centurium Capital, which holds a stake in Starbucks’ competitor in China, Luckin Coffee, and Hillhouse Capital are among the …
Starbucks China attracts bids at up to $10 billion valuation, CNBC reports Read More »
By Steven Scheer JERUSALEM (Reuters) -Nvidia has received a high number of offers of potential sites to help it carry out a plan to greatly expand its operations in Israel to meet growing demand for artificial intelligence data centres, two sources told Reuters. The Santa Clara-based Nvidia, which has become the most valuable company in …
Planned Nvidia expansion in Israel prompts multiple offers of sites Read More »
By Nathan Vifflin AMSTERDAM (Reuters) -Dutch semiconductor equipment supplier ASML has dropped its inclusion and diversity targets in the U.S. to comply with regulations there, it said on Wednesday. The world’s largest computer chip equipment maker said its diversity and key performance targets would not apply to U.S. employees to the extent that its inclusion and …
ASML scraps inclusion and diversity targets in the US Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canadian companies are boosting trade with allies other than the U.S. and with smaller markets to minimize economic damage from President Donald Trump’s tariffs, government data shows. While other markets have reduced Canada’s reliance this year on the U.S., its biggest export market by far, economists and consultants said there …
Canadian companies diversify trade during US tariff war but experts see limits Read More »
