Reuters US Business

Analysis-China-US air freight tumbles on ‘de minimis’ tariff; airlines adjust routes

16 May 2025

By Lisa Barrington SEOUL (Reuters) -Air freight capacity between China and the U.S. dropped by almost a third after a tax-free exemption for low-value items out of China was removed this month, industry data showed, denting a significant revenue stream for Asia’s major airlines. Air cargo carriers including Cathay Pacific, China Southern, Air China and …

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Microsoft makes Office-Teams offer to avert EU antitrust fine

16 May 2025

By Foo Yun Chee BRUSSELS (Reuters) -Microsoft has offered to make its Office product without Teams cheaper than when sold with Teams, EU antitrust regulators said on Friday, which could spare the company a big fine and ease tensions with the United States. The European Commission said it would seek feedback from rivals and customers …

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Brazil’s Gol secures $ 1.9 billion in exit financing with 5-year term

16 May 2025

SAO PAULO (Reuters) – Brazil’s airline Gol secured binding commitments for exit financing with a 5-year term totaling $1.90 billion, in context of chapter 11, it said in a filing on Friday. Additional demand from investors for financing has allowed the interest rate on the exit loan to be reduced to 14.375% from 14.625%, the …

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Berkshire doubles Constellation stake, sells Citigroup and other financial stocks

16 May 2025

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands, while shedding investments in Citigroup and other financial services companies. Berkshire disclosed the trades in a regulatory filing detailing its U.S.-listed stock holdings as of March 31. It said its Constellation stake …

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Factbox-Trump’s Gulf tour sparks AI, finance and energy deals

16 May 2025

RIYADH/DUBAI (Reuters) – U.S. President Donald Trump announced deals worth hundreds of billions of dollars between the United States and Gulf nations during his four-day tour of the oil- and gas-rich Middle East. The agreements span sectors including aviation, artificial intelligence, infrastructure, financial markets and energy. Here is an overview of major deals and announcements …

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Morning Bid: Trade and inflation relief

16 May 2025

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 Wall Street stocks look set to sustain this week’s gains, fueled by trade de-escalation hopes and soft April inflation readings. But investors will no doubt be conscious of the still-febrile state of …

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US equity funds draw first inflow in five weeks on tariff deal optimism

16 May 2025

(Reuters) -U.S. equity funds attracted inflows for the first time in five weeks in the week through May 14 as optimism over progress in tariff negotiations and easing concerns about rising consumer prices lifted investor sentiment. According to LSEG Lipper data, investors bought a net $12.86 billion worth of U.S. equity funds, which marked their …

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UnitedHealth investors wary and looking for Medicare strategic change

16 May 2025

By Amina Niasse NEW YORK (Reuters) -UnitedHealth Group investors, stunned by missteps at the once predictable healthcare giant, are warily expecting strategic changes in its Medicare Advantage health insurance business over the next year. On Wednesday, the Wall Street Journal reported that UnitedHealth was the subject of a criminal probe at the Justice Department, just …

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Argentina’s black market for dollars falters as currency controls are eased

16 May 2025

By Leila Miller BUENOS AIRES (Reuters) – On the streets of downtown Buenos Aires, where years of tough currency controls fermented a thriving black market for dollars, an army of illegal money traders are finding times hard under the economic reforms of Argentine President Javier Milei. Milei tore down most currency controls last month, easing …

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Intel spars with EU regulators over $421.4 million antitrust fine

16 May 2025

By Foo Yun Chee LUXEMBOURG (Reuters) – U.S. chipmaker Intel on Friday sparred with EU antitrust regulators over a 376 million euro ($421.4 million) fine levied nearly two years ago for excluding rivals from the market, arguing that it was disproportionate and unfair. The case dated to 2009 when the European Commission slapped a then-record …

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