(Reuters) -U.S. private equity firm Carlyle Group has sold its entire 10.44% stake in India’s PNB Housing Finance via block deals, according to an exchange filing on Friday. Carlyle was the second-largest shareholder in the non-banking finance company and held its stake via an affiliate called Quality Investment Holdings, the filing said. The PE firm …
Carlyle Group sells its entire stake in India’s PNB Housing Read More »
(Reuters) -President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate. “We’re only in a transition stage, just getting started!” he said in a Truth Social post. The post followed …
Trump says US economy in “transition,” urges Fed to cut rates Read More »
(This May 1 story has been corrected to remove references to dwindling demand for its safety and security services in paragraph 1, and to businesses and government agencies cutting tech budgets in paragraph 5) (Reuters) -Safety and enterprise security services provider Motorola Solutions forecast second-quarter profit below Wall Street estimates on Thursday. Shares of the …
Motorola Solutions forecasts weak second-quarter profit amid tariff uncertainty Read More »
By Nathan Gomes and Kalea Hall (Reuters) -General Motors’ Oshawa Assembly plant in Canada, which builds pickup trucks, will cut back to a two-shift schedule from three due to softening demand and trade-related challenges, the company and the union representing workers said on Friday. U.S. President Donald Trump’s tariff policies have rattled the automotive industry, …
GM to reduce shifts at Canadian truck assembly plant amid demand, trade pressures Read More »
(Reuters) -U.S. job growth slowed marginally in April, but the outlook for the labor market is increasingly darkening as President Donald Trump’s aggressive tariff policy heightens economic uncertainty. Nonfarm payrolls increased by 177,000 jobs last month after rising by a downwardly revised 185,000 in March, the Labor Department said on Friday. Economists polled by Reuters …
April US payrolls growth slows before full tariff impact felt Read More »
By Shadia Nasralla LONDON (Reuters) -Shell exceeded analyst expectations on Friday, reporting a 28% drop in first-quarter net profit to $5.58 billion, while holding steady the pace of its share buyback programme despite falling oil prices and lower refining margins. That contrasts with rival BP that cut its buybacks this year to try to strengthen …
Shell profit beats expectations, buybacks kept steady Read More »
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 It’s Friday, so today I’ll provide a quick overview of what’s happening in global markets and then offer you some weekend reading suggestions away from the headlines. Today’s Market Minute * Beijing …
(Reuters) -Uber Technologies said on Thursday it will partner with self-driving technology startup May Mobility to deploy thousands of self-driving vehicles on its ride-hailing platform across U.S. cities, starting with Arlington, Texas, by late 2025. This adds to Uber’s growing list of partners for self-driving taxi deployment as it competes with Lyft and EV-maker Tesla …
Uber teams up with May Mobility to launch robotaxis in U.S. cities Read More »
(Reuters) -Canadian auto parts supplier Magna International said on Friday that it plans to implement cost-saving measures to cushion the hit from U.S. President Donald Trump’s sweeping tariffs. The cost-cutting plans come after the company missed first-quarter profit estimates due to a 3% decline in global vehicle production, with Magna especially impacted by Tata Motors’ …
Magna plans cost-cutting measures to cushion tariff hit after profit misses estimate Read More »
TOKYO (Reuters) -Japanese trading house Mitsubishi Corp forecast on Friday its net profit for the year ending March would fall 26% to 700 billion yen ($4.82 billion), citing the absence of major capital gains. Mitsubishi posted 950.7 billion yen in net profit for the year ended in March, down 1.4% from a year ago and …
Mitsubishi forecasts 26% drop in annual profit, citing lack of capital gains Read More »
