Reuters US Business

ECB’s Escriva sees risks to global financial sector from U.S. trade policies

20 May 2025

MADRID (Reuters) -Geopolitical and trade tensions stemming from U.S. tariffs pose a risk to the stability of the global financial system and to global economic growth, European Central Bank policymaker Jose Luis Escriva warned on Tuesday. U.S. President Donald Trump has repeatedly threatened an array of punitive measures against trading partners, only to revoke some …

ECB’s Escriva sees risks to global financial sector from U.S. trade policies Read More »

Morning Bid: An awkward G7

20 May 2025

LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Group of Seven finance chiefs have much to disagree about these days as smouldering tensions on trade and currencies form the backdrop to the their meeting in Canada on Tuesday.  I’ll get into this and all of …

Morning Bid: An awkward G7 Read More »

US shale to plateau if oil stays in current range, ConocoPhillips CEO says

20 May 2025

By Andrew Mills DOHA (Reuters) -U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil’s slump could curb U.S. supply. The comments from Conoco CEO Ryan …

US shale to plateau if oil stays in current range, ConocoPhillips CEO says Read More »

CBS News chief stepping down as Paramount seeks to settle Trump suit

20 May 2025

By Helen Coster (Reuters) -Wendy McMahon, president and CEO of Paramount Global’s CBS News, will step down from her position, telling staffers that she and the company have differing views on the path forward, according to a memo seen by Reuters on Monday. McMahon, president and CEO of CBS News and Stations and CBS Media …

CBS News chief stepping down as Paramount seeks to settle Trump suit Read More »

Most US executives want to remove at least one director, PwC survey says

20 May 2025

By Isla Binnie NEW YORK (Reuters) -The vast majority of senior U.S. executives want at least one member of their company’s board to be replaced, and a fast-growing number feel that directors are muscling in on management, new research from PwC and The Conference Board shows. WHY IT’S IMPORTANT Investor scrutiny has intensified in recent …

Most US executives want to remove at least one director, PwC survey says Read More »

China cuts key rates to aid economy as trade war simmers

20 May 2025

BEIJING/SHANGHAI (Reuters) -China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating consumption and loan growth …

China cuts key rates to aid economy as trade war simmers Read More »

Australia’s central bank cuts rates, open to more easing as global risks mount

20 May 2025

By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank on Tuesday cut interest rates to a two-year low as cooling inflation at home offered scope to counter rising global trade risks, and left the door open to further easing in the months ahead. Wrapping up a two-day policy meeting, the Reserve Bank of …

Australia’s central bank cuts rates, open to more easing as global risks mount Read More »

Pfizer in deal with China’s 3SBio to license cancer drug candidate, take equity stake

20 May 2025

(Reuters) -U.S. drugmaker Pfizer said it would license an experimental cancer treatment from China’s 3SBio Inc, paying $1.25 billion upfront and up to another $4.8 billion if developmental milestones are met. Pfizer also plans to make a $100 million equity investment in the Chinese biotechnolgoy company after the transaction closes, which is expected to happen …

Pfizer in deal with China’s 3SBio to license cancer drug candidate, take equity stake Read More »

Investments in Latin American startups up 26% in 2024, to rise again in 2025, study says

20 May 2025

By Rafael Escalera Montoto MEXICO CITY (Reuters) -Capital raised for startups in Latin America grew 26% in 2024 from 2023, more than in Europe, which was up 7%, and Southeast Asia, which shrank 34%, according to a study published on Tuesday. Funding for Latin American startups is also expected to increase in 2025 thanks to …

Investments in Latin American startups up 26% in 2024, to rise again in 2025, study says Read More »

Australia dollar slips as RBA cuts rates, warns on global outlook

20 May 2025

By Wayne Cole SYDNEY (Reuters) -The Australian dollar slipped on Tuesday after the country’s central bank cut interest rates as expected while highlighting the economic risks from a global trade war, supporting market wagers for further easing ahead. The Reserve Bank of Australia trimmed its cash rate by 25 basis points to a two-year low …

Australia dollar slips as RBA cuts rates, warns on global outlook Read More »

Close Bitnami banner
Bitnami