By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets In an already bad week for long bonds, an aggravated inflation picture around the world has added another irritant. I discuss this and all the market news below. Be sure to check out …
(Reuters) -Morgan Stanley turned bullish on most major U.S. assets, upgrading its stance on stocks and Treasuries to “overweight”, bolstered by reduced tariff uncertainty, no chance of a recession and the room for further rate cuts. However, the one exception was the dollar, which the Wall Street brokerage expects will continue to remain under pressure …
Morgan Stanley turns bullish on most US assets, except dollar Read More »
By Natalia Siniawski and Diego Oré MEXICO CITY (Reuters) -Mexican Economy Minister Marcelo Ebrard said on Tuesday that cars assembled in Mexico and exported to the United States will face an average tariff of 15%, not 25%, citing additional discounts that local products benefit from. “It’s a very big advantage compared to other countries that …
Mexico’s US auto exports to benefit from tariff discounts, minister says Read More »
By Marcelo Teixeira NEW YORK (Reuters) – Paramount Coffee Company, one of the largest roasters and distributors of coffee in the United States’ Midwest region, has hiked prices due to U.S. tariffs. The National Coffee Association has requested an exemption from 10% tariffs imposed on most goods imported into the U.S. as the United States …
Large US Midwest coffee roaster hikes prices as tariffs hit Read More »
DUBAI (Reuters) – Etihad Airways’ first-quarter profit after tax jumped 30% to 685 million dirhams ($186.52 million), it said on Wednesday, citing strong demand and improved operational efficiency. Total revenue rose 15%, supported by growth in both passenger and cargo business. Passenger revenue climbed 16% to 5.5 billion dirhams ($1.50 billion), bolstered by increased capacity, …
Etihad first-quarter profit jumps 30% on strong demand Read More »
By Max A. Cherney and Wen-Yee Lee TAIPEI (Reuters) -U.S. export controls on artificial intelligence chips to China were “a failure” as they have cost American companies billions of dollars in lost sales, Nvidia Chief Executive Jensen Huang said on Wednesday. Huang’s comments were levelled at the Biden administration’s AI diffusion rule that sought to …
Nvidia CEO praises Trump move to scrap some AI export curbs Read More »
(Reuters) – International Monetary Fund First Deputy Managing Director Gita Gopinath said U.S. fiscal deficits are too large and the country needs to tackle its “ever-increasing” debt burden, according to an interview published by the Financial Times on Wednesday. Gopinath told the FT that the U.S. was still impacted by “very elevated” trade policy uncertainty …
IMF’s Gopinath urges US to curb fiscal deficit, FT reports Read More »
By Sam Nussey and Miho Uranaka TOKYO (Reuters) -State-backed JIC’s private equity arm said its goal of driving consolidation in Japan’s chipmaking sector through portfolio firm JSR is unaffected by weak financial performance at the photoresist maker. Japan Investment Corp took JSR private last year in a $6 billion deal with the materials manufacturer saying …
Japan’s JIC says JSR’s weak financials do not affect chipmaking consolidation goal Read More »
(Reuters) -Westpac Banking Corp is planning to cut more than 1,500 jobs to meet its cost-reduction targets and simplify operations, the Australian Financial Review reported on Tuesday. Westpac’s job cuts are part of its 2023 UNITE programme, which aims to streamline technology systems by reducing core platforms, modernizing infrastructure, and lowering long-term operational and maintenance …
Westpac to cut over 1,500 jobs, simplify operations, AFR says Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Tuesday it would require flight cuts at Newark, one of the main airports serving New York City, after it met with U.S. airlines to address congestion issues following a series of major disruptions. New Jersey’s Newark Liberty International Airport, located about 9 miles (14.5 …
US FAA announces Newark flight cuts to reduce congestion Read More »
