By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer sentiment improved for the first time in six months in June as trade tensions between the U.S. and China eased, but households worried about the economy’s trajectory. The rise in sentiment reported by the University of Michigan’s Surveys of Consumers on Friday was, however, overshadowed by Israel’s missile …
US consumer sentiment improves; tariff anxiety lingers Read More »
SAO PAULO (Reuters) -Vietnam has been formally admitted as a “partner country” of the BRICS group of major emerging economies, Brazil’s government said on Friday, as the bloc presses ahead with an expansion push. Vietnam is the tenth nation to receive this status, which allows invited countries to participate in BRICS summits and other discussion sessions. …
Vietnam admitted as BRICS ‘partner country,’ Brazil says Read More »
By Luciana Magalhaes, Lisandra Paraguassu and Ricardo Brito GUARUJA, Brazil -Brazilian meatpacker JBS begins trading on the New York Stock Exchange on Friday, capping a stunning comeback by brothers Joesley and Wesley Batista less than a decade after they were jailed in a record-breaking corruption scandal and forced into the backseat of their global food …
Brazil beef barons’ Wall Street listing caps a return from exile Read More »
By Colleen Howe SHANGHAI (Reuters) -Solar manufacturing company heads in China, grappling with losses and tariffs on exports to the U.S., called for an end to a price war and a solution to overcapacity in the sector, but industry participants predict a slow turnaround. China’s solar manufacturers have reported losses this year as U.S. President …
(Corrects pronoun in the last paragraph to “she” from “he”) By Laila Kearney NEW YORK (Reuters) -Meta signed an agreement with XGS Energy to help develop 150 megawatts of advanced geothermal electricity in New Mexico to power the Facebook parent company’s artificial intelligence expansion, the companies said on Thursday. WHY IT’S IMPORTANT Giant technology companies …
Meta signs deal for advanced geothermal power in New Mexico Read More »
NEW YORK/WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Friday named several new division directors, as Chairman Paul Atkins begins to build his team at the top U.S. markets regulator. The SEC tapped Jamie Selway to lead the agency’s Trading and Markets division, effective June 17, and Brian Daly, a lawyer from Akin Gump …
US Securities and Exchange Commission names new division chiefs Read More »
By Sergio Goncalves and Mathieu Rosemain LISBON/PARIS (Reuters) -France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal’s Novo Banco, including a 75% stake held by U.S. private equity firm Lone Star, BPCE and Lone Star said on Friday. The Portuguese state and a banking resolution fund financed by the country’s …
France’s BPCE agrees deal to buy Portugal’s Novo Banco for $7.4 billion Read More »
BEIJING (Reuters) -China has approved 106 new U.S. pork and poultry plants to export eligible products produced on or after June 12, Chinese Customs said in a notice on its website. The approval was issued on Thursday, the notice showed. It comes after China and U.S. agreed on a framework to get their trade truce …
China allows import of eligible pork, poultry products from 106 US plants Read More »
(Reuters) -Ford Motor Co is struggling with supplies of rare earth magnets, the automaker’s CEO Jim Farley told Bloomberg News in an interview on Friday. China, which controls more than 90% of global rare earth processing capacity, imposed new export licensing rules in April, tightening supply to Western manufacturers of everything from cars and fighter …
Ford struggles with supply of rare earth magnets, CEO tells Bloomberg News Read More »
(Reuters) -Israel’s attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 per barrel, Goldman Sachs said. Oil prices climbed nearly 9% after Israel launched widescale strikes against Iran targeting …
Big disruption to oil supply unlikely after Israel’s attack on Iran, say analysts Read More »
