LONDON (Reuters) -A look at the day ahead in U.S. and global markets by EMEA Markets Breaking News Editor Amanda Cooper. Stock futures are pointing to a slightly softer open after the July 4 Independence Day holiday weekend. Confusion reigns supreme after U.S. officials flagged a delay on tariffs but have not provided any specific …
By Davide Barbuscia NEW YORK (Reuters) -President Donald Trump’s tax-cut and spending bill, which passed Congress on Thursday, averts the near-term prospect of a U.S. government default but makes America’s long-term debt problems even worse. Republican lawmakers in the House of Representatives approved the bill that will extend Trump’s 2017 tax cuts, authorize more spending …
Trump tax bill averts one debt crisis but makes future financial woes worse Read More »
(Reuters) -The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query covering about 1.2 million Stellantis’ Ram trucks over concerns related to the transmission. The auto safety regulator said impacted vehicles displayed issues related to the brake transmission shift interlock, which may lead to them rolling away. The NHTSA said …
NHTSA opens recall query into about 1.2 million Stellantis trucks Read More »
JAKARTA (Reuters) -Companies from Indonesia and the United States are expected to sign a memorandum of understanding worth $34 billion, including state energy Pertamina, Exxon Mobil Corp and Chevron, a government official said on Monday. The deal to be signed on Monday afternoon U.S. time will also include purchases of U.S. soybeans, corn, and cotton, …
Indonesia, U.S. companies including Pertamina, Exxon to sign $34 billion deal Read More »
By Maki Shiraki TOKYO (Reuters) -Japan’s Nissan Motor is in talks to allow Taiwan’s Foxconn to use one of the automaker’s domestic factories to build electric vehicles, said two people familiar with the matter, a deal that could save the plant from closure. Reuters reported in May that Nissan was considering closing its Oppama plant, in …
Nissan considers Foxconn EV output to save Oppama plant from closure, sources say Read More »
By James Oliphant and Daniel Trotta WASHINGTON (Reuters) -President Donald Trump on Sunday called Elon Musk’s plans to form a new political party “ridiculous,” launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk’s business interests in space. A …
Trump calls Musk’s formation of new party “ridiculous” and criticizes his own NASA pick Read More »
(Reuters) -Jio BlackRock Asset Management said on Monday it has raised more than $2.1 billion across three cash or debt mutual fund schemes, its first offering since getting the licence in May. Jio BlackRock is a joint venture between Jio Financial Services, part of Indian billionaire Mukesh Ambani’s Reliance Industries Ltd, and U.S.-based BlackRock. The …
Jio BlackRock raises more than $2.1 billion through debut mutual fund offers Read More »
(Reuters) -U.S. President Donald Trump on Sunday said that countries aligning themselves with the “Anti-American policies” of BRICS, will be charged an additional 10% tariff. “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention …
(Reuters) -President Donald Trump said late on Sunday that the U.S. will start delivering tariff letters to other countries starting 12:00 pm ET (1600 GMT) on Monday. “I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, …
Trump says tariff letters to go out to other countries from Monday afternoon Read More »
SEOUL (Reuters) -South Korea’s LG Energy Solution (LGES), an electric car battery supplier for General Motors and Tesla, on Monday estimated a 152% rise in its quarterly operating profit. LGES said its operating profit was likely 492 billion won ($360.94 million) for the April-June period. That compared with a 195 billion won profit a year …
South Korea’s LG Energy Solution says Q2 profit likely up 152% on year Read More »
