By Rajesh Kumar Singh, Shivansh Tiwary (Reuters) -GE Aerospace said on Tuesday it was relying on price increases and cost control to mitigate the impact of tariffs on its business as the aircraft engine maker reaffirmed its full-year earnings forecast and its shares rose. President Donald Trump’s trade war has created the biggest uncertainty for …
GE Aerospace affirms outlook; CEO met with Trump to discuss tariffs Read More »
(Reuters) -Treasurers of seven U.S. states have raised concerns about Tesla CEO Elon Musk’s lack of focus on the electric vehicle maker, given its significance in regional industries, innovation and employment. Tesla deliveries plunged 13% in the first quarter due to backlash against Musk’s politics, as well as rising global competition and people waiting for …
Democratic state treasurers raise concerns over Musk’s lack of focus on Tesla Read More »
(Reuters) -Canada’s Barrick Gold is looking to sell its last mine in the country in a push to capitalize on record gold prices and a renewed interest in North American mining operations, Bloomberg News reported on Tuesday, citing people familiar with the matter. Earlier on Tuesday, the gold miner said it will exit the Donlin …
Barrick Gold said to seek buyers for its last mine in Canada, Bloomberg News reports Read More »
By Arunima Kumar and Arathy Somasekhar HOUSTON (Reuters) -Halliburton on Tuesday warned of a second-quarter earnings impact from tariffs and lower oilfield activity in North America as producers evaluate drilling and completions at weak oil prices, sending shares of the oilfield service producer down about 6%. Halliburton is the first of the Big Three U.S. …
Halliburton warns of tariff impact, lower North America oilfield activity; shares plunge Read More »
By Trevor Hunnicutt (Reuters) -The United States and Japan are moving closer to an interim arrangement on trade, but many of the biggest issues are being put off, according to a person familiar with the matter. Such an interim framework will not tackle the thorniest issues facing the two countries in their trade relationship and …
US, Japan move closer to outline of trade deal, source says Read More »
By Mike Stone and Utkarsh Shetti WASHINGTON (Reuters) -Major U.S. defense contractors are mostly maintaining their financial forecasts for 2025, saying it is too soon to understand the impact of U.S. President Donald Trump’s tariffs. Lockheed Martin, the largest defense firm, reaffirmed its forecasts for the year on Tuesday, buoyed by resilient demand for its …
US defense contractors mostly maintain forecasts despite Trump tariffs Read More »
By Elwely Elwelly (Reuters) -The Emirates Integrated Telecommunications Company PJSC (du) on Tuesday announced a 2 billion dirhams ($544.54 million) hyperscale data center deal with Microsoft. The hyperscale data center, to be built and operated at a cost of around 2 billion dirhams, will have Microsoft as the main tenant and its capacity will be …
Dubai’s du announces 2 billion dirhams hyperscale data center deal with Microsoft Read More »
By Florence Loeve PARIS (Reuters) -The Paris Court of Appeals ruled on Tuesday the French market watchdog must reconsider whether a mandatory buyout offer is or was necessary when the former media conglomerate Vivendi completed its multibillion-euro split last year. Last December, Vivendi spun off its Canal+, Louis Hachette and Havas businesses, which are now …
French court orders market watchdog to review Vivendi’s breakup Read More »
By Arsheeya Bajwa (Reuters) – Intel’s quarterly results will offer the clearest look yet at new CEO Lip-Bu Tan’s turnaround strategy for the embattled American chipmaker, and investors are hoping for early signs that he is reversing years of strategic lapses. The company is set to post its fourth consecutive quarterly revenue drop on Thursday. …
Intel results to spotlight new CEO Tan’s strategy to reverse years of missteps Read More »
By Andrea Shalal and Francesco Canepa WASHINGTON (Reuters) -The IMF’s chief economist, asked on Tuesday about U.S. President Donald Trump’s attacks on Federal Reserve Chair Jerome Powell, underlined the importance of preserving the independence of central banks to maintain their credibility in fighting inflation. Pierre-Olivier Gourinchas said central banks faced a delicate moment in managing …
