OTTAWA, Nov 26 (Reuters) – Canada will offer more support to help the steel and lumber industries deal with U.S. tariffs and create a domestic market, Prime Minister Mark Carney said on Wednesday. The government has also increased protection for steel and lumber workers, Carney told a press conference. Ottawa will reduce the quota for …
Canada unveils more measures to protect tariff-hit steel, lumber sectors Read More »
(Reuters) -U.S. economic activity was little changed in recent weeks, though employment was weaker in about half of the Federal Reserve’s 12 districts and consumer spending declined, the U.S. central bank said on Wednesday, likely reinforcing concerns about the job market as the next interest rate decision nears. “Economic activity was little changed since the …
US economic activity little changed ahead of next Fed meeting, report shows Read More »
By Scott Murdoch SYDNEY (Reuters) -Foreign bidders for Australian companies could be liable for higher reverse break fees if regulatory approval is not received, in the wake of the failed $434 million takeover of Mayne Pharma, lawyers said. Treasurer Jim Chalmers blocked the takeover last week of Mayne by reluctant U.S. suitor Cosette Pharmaceuticals on …
After blocked Mayne deal, Australia M&As set for higher reverse break fees Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting layoffs remained low, though the labor market is struggling to generate enough jobs for those out of work amid economic uncertainty. The absence of labor market deterioration in the weekly jobless claims …
US weekly jobless claims at seven-month low amid low layoffs Read More »
By Kritika Lamba (Reuters) -Grindr’s two largest shareholders said on Wednesday that they had withdrawn their proposed $3.46 billion offer to take the dating app private, shortly after the company ended talks over financing concerns. Ray Zage and James Lu, who together own more than 60% of Grindr’s outstanding shares, had offered $18 per share …
NEW YORK (Reuters) -U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, with oil rigs dropping to a four-year low, energy services firm Baker Hughes said in its closely followed report on Wednesday. The oil and gas rig count, an early indicator …
US drillers cut oil rigs to lowest in four years, Baker Hughes says Read More »
By Nathan Gomes and Nandan Mandayam (Reuters) -Deere & Co on Wednesday flagged a bigger hit from tariffs in 2026 and forecast its annual profit below estimates on the back of weaker margins on large tractors, sending the farm-equipment maker’s shares down 5%. CEO John May said ongoing margin pressures from tariffs would continue to …
Tractor maker Deere flags higher 2026 tariff hit, weak profit Read More »
(Reuters) -Hyundai Motor America is recalling 143,472 Santa Fe and Santa Fe Hybrid vehicles in the U.S. over rearview cameras which may not have been installed properly, the U.S. National Highway Traffic Safety Administration said on Wednesday. (Reporting by Dheeraj Kumar in Bengaluru; Editing by Mrigank Dhaniwala)
By Elizabeth Howcroft PARIS (Reuters) -S&P Global downgraded its rating of Tether, the world’s largest stablecoin on Wednesday, citing an increase in higher-risk assets in its reserves and “persistent gaps in disclosure”. Tether said it “strongly disagrees with the characterization presented in the report” by S&P which said that it now rated the company’s token, …
S&P cuts Tether stablecoin rating to ‘weak’ on disclosure gaps Read More »
RIO DE JANEIRO (Reuters) -Brazilian state-run oil firm Petrobras’ five-year investment plan will see its first cut under President Luiz Inacio Lula da Silva’s government due to lower oil prices, three sources familiar with the matter told Reuters. The new plan, to be unveiled on Thursday, is set to have a capital expenditure about 2% …
Petrobras investment to drop in first cut under Brazil’s Lula Read More »
