Reuters US Business

By Leika Kihara TOKYO (Reuters) -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation, warning against “looking through” the impact of such supply price shocks. The shock to the economy from President Donald Trump’s sweeping tariffs, and …

Fed’s Kashkari calls for steady rates, awaits clarity on tariff impact Read More »

MUMBAI (Reuters) -Billionaire Mukesh Ambani-led Reliance Group and U.S.-based BlackRock have received approval from India’s markets regulator to start operations for their mutual fund business, the Indian company said on Tuesday. Jio Financial Services, a part of the Reliance Group, had in July 2023 announced the formation of a 50:50 joint venture with the world’s …

Jio BlackRock gets approval to start mutual fund business in India Read More »

By Rahul Trivedi BENGALURU (Reuters) – The Bank of Korea (BOK) will lower its key policy rate by 25 basis points on Thursday as economic activity contracted in the last quarter and benign inflation supports the case for easing, a Reuters poll of economists found. BOK Governor Rhee Chang-yong signalled the possibility of a rate …

Bank of Korea to cut rate on May 29, more easing ahead: Reuters poll Read More »

By Jeff Mason and Steve Holland MORRISTOWN, New Jersey (Reuters) – President Donald Trump said on Sunday that the United States will have control over U.S. Steel as part of the company’s partnership with Japanese firm Nippon Steel. As part of the deal announced on Friday, Nippon Steel plans to invest $14 billion into U.S. …

Trump says US will control US Steel as part of Nippon deal Read More »

(This May 25 story has been corrected to rectify a typo in ‘AAFA’ in paragraph 6) By Jeff Mason MORRISTOWN, New Jersey (Reuters) – U.S. President Donald Trump said on Sunday his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts. Speaking to reporters before boarding …

Trump says US wants to make tanks, not T-shirts Read More »

(Reuters) -U.S. President Donald Trump’s social media firm, Trump Media & Technology Group, plans to raise about $3 billion to spend on cryptocurrencies such as bitcoin, the Financial Times reported on Monday, citing people familiar with the matter. Trump Media aims to raise $2 billion in fresh equity and $1 billion more through a convertible …

Trump Media to raise $3 billion to spend on cryptocurrencies, FT reports Read More »

(This May 23 story is repeated without any changes to the text) By Sara Merken (Reuters) – Four partners are leaving law firm Paul Weiss, after it struck a deal in March with U.S. President Donald Trump to lift an executive order that targeted the firm. Karen Dunn, Bill Isaacson, Jeannie Rhee and Jessica Phillips …

Four partners leave Paul Weiss following law firm’s deal with Trump Read More »

By Kevin Buckland and Amanda Cooper TOKYO/LONDON (Reuters) -The euro hit a one-month high against the U.S. dollar on Monday after U.S. President Donald Trump backed down from threatened 50% duties on European Union shipments from June 1, as the bloc asked for time to “reach a good deal”. The dollar continued its decline against …

Euro logs one-month high after Trump delays EU tariffs Read More »