By Ed White WINNIPEG, Canada (Reuters) -In the U.S. Great Plains, where spring wheat once dominated fields, farmers are turning away from the crop. But across the border in Canada, the pinch and prospect of Chinese and U.S. tariffs on canola have prompted farmers to pick up the slack on wheat. Farmers are still …
Tariffs on canola seen supercharging Canadian farmers’ shift to spring wheat Read More »
By Nicolás Misculin BUENOS AIRES (Reuters) -Argentina’s firebrand right-wing President Javier Milei has largely tamed runaway inflation with a ruthless austerity plan and he aims to solidify power when his party and its allies take on a divided opposition in legislative elections in October. The trash-tweeting, shaggy-haired economist, who famously handed tech billionaire Elon Musk …
Analysis-Argentine leader Milei licking his chops ahead of October elections Read More »
CHICAGO/WASHINGTON (Reuters) -Analysts voiced concerns this week about the integrity of U.S. Department of Agriculture reports after the agency delayed a report and excluded findings that point to tariffs as a reason for a forecasted increase in the agricultural trade deficit, according to Reuters interviews with four analysts. The administration of President Donald Trump has …
USDA redaction of trade analysis causes concern about report integrity Read More »
BEIJING (Reuters) -China’s car sales rose for a fourth consecutive month in May, but slower increases across major automakers highlighted concerns over aggressive price competition in the world’s largest auto market. Sales grew 13.9% from a year earlier to 1.96 million vehicles last month, slowing from 14.8% growth in April, China Passenger Car Association (CPCA) …
China’s car sales rise in May, but price wars cloud outlook Read More »
(Reuters) – Citigroup has pushed back its U.S. rate cut forecast to September from July and now expects three cuts this year instead of four, after a stronger-than-expected May jobs report in an otherwise cooling labor market. The Wall Street brokerage anticipates 75 basis points (bps) of cuts this year in three equal tranches in …
Citigroup drops July rate cut bets for US, trims forecast to 75 bps Read More »
By Rae Wee and Jiaxing Li SINGAPORE/HONG KONG (Reuters) -U.S. President Donald Trump’s erratic policies are rattling a currency peg that has withstood the test of time and is seen as an anchor for China and Asia. The Hong Kong dollar has whipsawed from one end of its narrow trading band to the other versus …
When pegs fly: Trump-induced turbulence hits Hong Kong dollar, interest rates Read More »
A look at the day ahead in European and global markets from Rocky Swift Optimism abounds in the markets that the United States and China will reach a rapprochement in London today, after a phone call last week between leaders of the world’s two largest economies turned down the heat on their protracted rift over …
Morning Bid: Markets pin hopes on London trade talks Read More »
By Nichola Groom (Reuters) -New U.S. solar energy installations are expected to fall over the next five years as the industry grapples with a shift in federal policy that favors fossil fuels, tariffs and other challenges, according to a report published on Monday by a top solar trade group. New solar capacity will be more …
US solar energy growth to slow as Washington priorities shift Read More »
(Reuters) -Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter. Scale AI declined to comment and Meta …
Meta in talks over Scale AI investment that could exceed $10 billion, Bloomberg reports Read More »
By Nandita Bose BEDMINSTER, New Jersey (Reuters) -Donald Trump said on Saturday his relationship with his billionaire donor Elon Musk is over and warned there would be “serious consequences” if Musk funds U.S. Democrats running against Republicans who vote for the president’s sweeping tax and spending bill. In a telephone interview with NBC News, Trump …
Trump says Musk relationship over, warns of ‘serious consequences’ if he funds Democrats Read More »
