Reuters US Business

Brazil considers capping meal voucher fees, Pix system deposits doubtful, say sources

30 Apr 2025

By Marcela Ayres BRASILIA (Reuters) -Brazil’s government is considering capping card processor fees and shortening settlement periods to cut intermediation costs in the country’s multi-billion-dollar meal voucher market, three sources with knowledge of the government’s plans said. The sources, who requested anonymity to discuss private talks, said the idea of transferring funds directly to workers …

Brazil considers capping meal voucher fees, Pix system deposits doubtful, say sources Read More »

Shares of Brazil motor maker WEG drop 10% after Q1 miss

30 Apr 2025

SAO PAULO (Reuters) -Brazilian motor maker WEG reported a 16.4% year-on-year rise in its first-quarter net profit on Wednesday, but fell short of market expectations as it warned about global uncertainties, leading its shares to tumble by more than 10%.    WEG’s net profit in the January-March period reached 1.54 billion reais ($274 million), it said …

Shares of Brazil motor maker WEG drop 10% after Q1 miss Read More »

China’s Xi calls for self sufficiency in AI development amid U.S. rivalry

30 Apr 2025

By James Pomfret and Summer Zhen HONG KONG (Reuters) -China’s President Xi Jinping pledged “self-reliance and self-strengthening” to develop AI in China, state media reported on Saturday, as the country vies with the U.S. for supremacy in artificial intelligence, a key strategic area. Speaking at a Politburo meeting study session on Friday, Xi said China …

China’s Xi calls for self sufficiency in AI development amid U.S. rivalry Read More »

Fed signals rates will remain unchanged despite market bets on looming cuts

30 Apr 2025

By Ann Saphir (Reuters) -Federal Reserve policymakers have signaled that short-term interest rates will remain unchanged as they wait for clearer signs that inflation is nearing the U.S. central bank’s 2% goal or until there is a whiff of a deteriorating job market. The data so far has presented neither of those scenarios to the …

Fed signals rates will remain unchanged despite market bets on looming cuts Read More »

Visa partners with AI giants to streamline online shopping

30 Apr 2025

By Niket Nishant (Reuters) -Visa is partnering with tech heavyweights, including Microsoft and OpenAI, to roll out a new platform that lets users delegate their online shopping tasks to AI agents. While users will set spending limits, the AI agents will do the rest — searching for products, booking vacations or ordering groceries, the payments …

Visa partners with AI giants to streamline online shopping Read More »

Trump says IBM, Raytheon may get US contract to modernize air traffic control system

30 Apr 2025

By David Shepardson, Trevor Hunnicutt WASHINGTON (Reuters) -President Donald Trump said on Wednesday that Raytheon Technologies and IBM may get the contract to modernize the U.S. air traffic control system. “We have very obsolete equipment for air traffic control,” Trump during a cabinet meeting at the White House, adding there are five companies who could …

Trump says IBM, Raytheon may get US contract to modernize air traffic control system Read More »

Bank of Canada governing council mulled cutting rates again in April

30 Apr 2025

By Promit Mukherjee and David Ljunggren OTTAWA, April 30 (Reuters) – The Bank of Canada discussed whether to cut rates again earlier this month but decided not to given the uncertainty caused by U.S. tariffs, according to minutes of discussions released on Wednesday. After seven consecutive cuts since last June the Bank’s governing council decided …

Bank of Canada governing council mulled cutting rates again in April Read More »

Morgan Stanley investors should reject proposal to expand equity incentives, ISS says

30 Apr 2025

By Niket Nishant and Tatiana Bautzer (Reuters) -Institutional Shareholder Services has urged investors to reject Morgan Stanley’s proposal to expand its equity incentive compensation plan, as the proxy adviser escalates its pushback against Wall Street. The investment bank had proposed adding 50 million common shares to its equity incentive plan and extending the program by …

Morgan Stanley investors should reject proposal to expand equity incentives, ISS says Read More »

Close Bitnami banner
Bitnami