A look at the day ahead in European and global markets from Rae Wee Earnings results from Nvidia will be the marquee event for markets on Wednesday, with all eyes on how much U.S. technology curbs on China will cost the AI bellwether. Company watchers expect the chip giant to report a 66.2% surge in …
By Leika Kihara TOKYO (Reuters) -New York Federal Reserve President John Williams said on Wednesday central banks must “respond relatively strongly” when inflation begins to deviate from their target. Given high uncertainty around the economic impact of U.S. tariffs and trade policy, central banks should focus on avoiding taking steps where the “cost of getting …
Fed’s Williams calls for strong response if inflation deviates from target Read More »
(Reuters) -Brazilian airline Azul is set to file for Chapter 11 bankruptcy protection in the United States as soon as Tuesday, newspaper Valor Economico reported, citing sources. The move would make the carrier the latest in a series of Latin American airlines to file for bankruptcy in the aftermath of the depression the industry suffered …
Brazil’s Azul to file for Chapter 11 bankruptcy protection, Valor reports Read More »
TOKYO (Reuters) -Japan has proposed purchasing billions of dollars worth of U.S. semiconductor products during ongoing tariff negotiations with the United States, the Asahi newspaper reported, citing an unidentified source. The Japanese government plans to subsidize domestic companies that buy the U.S. chips from companies such as Nvidia, with potential imports reaching up to 1 …
Japan proposes to buy U.S. chip products in tariff talks, Asahi says Read More »
By Marianna Parraga HOUSTON (Reuters) -A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing released on Tuesday. Last month, Delaware judge Leonard Stark approved a $3.7 billion …
US judge extends topping period in Citgo parent’s auction Read More »
(Reuters) -The Trump administration has issued a narrow authorization for U.S. oil producer Chevron to keep assets in Venezuela, including its stakes in oil joint ventures with state company PDVSA, three sources with knowledge of the decision said on Tuesday. Chevron and several European firms had been in talks with officials in Washington in recent …
US grants Chevron narrow authorization to keep assets in Venezuela, sources say Read More »
BEIJING/SINGAPORE (Reuters) -After Chinese banks reduced deposit rates last week, Miro Chen launched a social media poll: “When interest rates fall, do you save or spend?” More than 80% of some 5,000 responses chose saving, underlining the challenge for policymakers seeking to shore up demand and economic growth. “The result is one-sided, indicating people are …
Chinese savers decry falling deposit rates but still won’t spend more Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street surged on Tuesday as investor risk appetite was buoyed by U.S. President Donald Trump’s latest tariff respite and an unexpected jump in consumer confidence. A broad rally sent all three major U.S. stock indexes higher, with strength in the AI-related “magnificent seven” group of momentum stocks putting …
US stocks end sharply higher on Trump’s tariff reprieve Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that the U.S. government will retain its mortgage guarantees and oversight role for Fannie Mae and Freddie Mac as he works to take the U.S. mortgage finance firms public. “I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the U.S. …
Trump says US to retain oversight, guarantees in Fannie Mae, Freddie Mac spinoff Read More »
(Reuters) -General Mills said on Tuesday it would record a charge of about $70 million in its current quarter, mainly reflecting severance expenses, as part of the Cheerios cereal maker’s restructuring efforts. The company’s efforts, including “targeted organizational actions”, are expected to be completed by the end of its fiscal year 2028, it said in …
General Mills flags $70 million charge in current quarter from restructuring efforts Read More »
