HONG KONG (Reuters) -China’s Guangzhou Port, the largest shipping hub in the country’s south, opened a direct route to Chancay port in Peru on Tuesday, state broadcaster CCTV reported, a move it said would reduce logistics costs and bolster trade with Latin America. Located north of Lima, Chancay recently began operations with non-stop voyages to …
China’s Guangzhou port starts shipping route to Peru Read More »
By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Foreign investors extended their longest buying spree since July 2023 on Monday, fuelled by U.S. trade deal hopes, cheap corporate valuations, and India’s relative resilience to global tensions, helping markets shrug off concerns over India-Pakistan frictions. Foreign portfolio investors (FPIs) pumped about $4.11 billion into Indian equities over …
Longest foreign buying spree in nearly two years powers Indian markets Read More »
(Reuters) – Australian miner Fortescue posted higher third-quarter iron ore shipments on Thursday in line with analyst expectations, as output recovered from a train derailment in the same quarter a year earlier. The iron ore producer, chaired by its billionaire founder Andrew Forrest, posted quarterly iron ore shipments of 46.1 million metric tons (mt), compared …
Australia’s Fortescue bucks weather woes to post higher Q3 iron ore shipments Read More »
By David Shepardson WASHINGTON (Reuters) -CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the White House on Wednesday for an event highlighting U.S. investments, officials told Reuters. President Donald Trump plans to promote a broad range …
Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota Read More »
SAO PAULO (Reuters) -Steelmaker Gerdau on Monday posted a slight beat in its core earnings for the first quarter, saying the United States’ changes in steel trade policy helped offset weaker results in its home base of Brazil. Gerdau, Brazil’s largest steelmaker by market capitalization and the owner of mills across the Americas, posted adjusted …
Brazilian steelmaker Gerdau posts slight core earnings beat as US revenue rises Read More »
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration said a series of issues prompted it to dramatically slow traffic at Newark Liberty Airport on Monday, prompting United Airlines to divert at least 35 flights to other airports. United Airlines, the largest carrier at the airport just outside New York City, said an FAA …
FAA delays flights to Newark airport after equipment, staffing issues Read More »
By Kevin Yao BEIJING (Reuters) -China has advanced this year’s stimulus plans but is holding off on fresh measures as it tries to maintain composure, betting on Washington blinking first in a protracted trade war. The Communist Party’s elite decision-making body, the Politburo, pledged on Friday to support firms and workers most affected by triple-digit …
China holds off on new stimulus, shows composure in US trade war Read More »
By Medha Singh and Mariam Sunny (Reuters) – U.S. corporations have been ramping up their security spending, but following the murder of UnitedHealth executive Brian Thompson that expenditure is set to rise further in 2025 as more companies see heightened threats to their top brass. At least a dozen S&P 500 companies have flagged an …
Corporate America boosts security spending after UnitedHealth murder, filings show Read More »
(Reuters) -Tesla, in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus. Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the factory has an …
Tesla’s Semi factory in Nevada to have first trucks in production by end of 2025 Read More »
(Reuters) -Latin American e-commerce giant MercadoLibre’s board called on its shareholders on Monday to approve a redomestication of its U.S. operations from Delaware to Texas, in a filing ahead of a June 17 shareholders meeting. WHY IT’S IMPORTANT Among Latin America’s largest companies, the e-commerce giant is considered the region’s answer to Amazon and is …
MercadoLibre proposes to move US legal home to Texas from Delaware Read More »
