By Polina Devitt LONDON (Reuters) -Premiums for consumers buying aluminium on the physical market in the United States soared on Monday after U.S. President Donald Trump said he planned to increase tariffs on imported steel and aluminium to 50% from 25%. The U.S. is heavily reliant on aluminium imports. About half of all aluminium used …
Aluminium premium for US buyers soars after Trump doubles tariffs Read More »
(Reuters) -Voyager Technologies said on Monday it was targeting a valuation of $1.6 billion in its U.S. listing, as the defense and space tech company looks to capitalize on a spending boost for the sector under the Trump administration. Companies are finding renewed opportunities to list shares on U.S. exchanges after the IPO market recovery …
Starlab developer Voyager seeks $1.6 billion valuation in US IPO Read More »
(Reuters) -Venezuela’s government is increasing taxes and public service charges on the private sector to compensate for declining oil revenue after tighter U.S. sanctions, according to business leaders and analysts, who predict the measures will hinder already struggling private enterprise. Washington in February canceled key licenses for a handful of partners and customers of state …
Venezuela ramps ups taxes on private sector as Chevron oil exit bites Read More »
(Corrects to say the company filed for bankruptcy in March, not last month, in paragraph 3 of May 19 story) By Mariam Sunny and Siddhi Mahatole (Reuters) -Regeneron Pharmaceuticals said on Monday it will buy genomics firm 23andMe Holding for $256 million through a bankruptcy auction, and promised to prioritize the ethical use of DNA …
Regeneron to buy bankrupt 23andMe, vows ethical use of customer DNA data (May 19) Read More »
A look at what matters in U.S. and global markets today from Mike Dolan, Editor-At-Large, Finance and Markets LONDON, June 2 (Reuters) – The U.S. dollar plunged anew to its lowest level in six weeks on Monday as June got underway, with U.S. tariff concerns back on the boil after last week’s legal confusion and …
Morning Bid: Dollar slides on trade and tax fears Read More »
(Reuters) -Alphabet’s Google on Saturday said it will appeal an antitrust decision under which a federal judge proposed less aggressive ways to restore online search competition than the 10-year regime suggested by antitrust enforcers “We will wait for the Court’s opinion. And we still strongly believe the Court’s original decision was wrong, and look forward …
Google says it will appeal online search antitrust decision Read More »
SEOUL (Reuters) – The International Air Transport Association said on Sunday it expects the amount of sustainable aviation fuel produced to double in 2025 to reach 2 million tonnes, representing 0.7% of airlines’ fuel consumption. Influential industry body IATA has increasingly been warning that airlines will struggle to meet their sustainability goals, and has described …
IATA expects sustainable aviation fuel production to double in 2025 Read More »
By Nimesh Vora MUMBAI (Reuters) – The U.S. dollar’s weakness since the start of Donald Trump’s presidency has made it the preferred funding currency for popular “carry” trades, fuelling heavy flows into higher-yielding emerging market currencies. Dollar-funded carry trades in the Indonesian rupiah, Indian rupee, Brazilian real, Turkish lira among other currencies, are back in …
Weak dollar reprises its role as ‘carry’ trade funder Read More »
A look at the day ahead in European and global markets from Wayne Cole. Is this the dog that didn’t bark? That would be the question from Sherlock Holmes fans given the utter lack of market reaction to U.S. President Donald Trump’s threatened doubling of steel and aluminium tariffs to 50%. That policy shift by …
By Nikita Maria Jino (Reuters) -Shares of Australian steel producer BlueScope Steel jumped on Monday to a more than three-month high after U.S. President Donald Trump said he planned to double tariffs on imported steel. Shares of BlueScope, which operates five businesses in North America including the North Star mill in Ohio, were up as …
Australia’s BlueScope surges on Trump’s plan to double tariffs on steel imports Read More »
