Reuters US Business

By Svea Herbst-Bayliss NEW YORK (Reuters) -JPMorgan Chase is hiring two veteran bankers in its global shareholder engagement and M&A capital markets group, beefing up the business as corporations face increasing pressure from global activist investors pushing for changes from swapping out management to selling off the company, according to an internal memo seen by …

Exclusive-JPMorgan beefs up activism defense group, hires two managing directors Read More »

By Karen Freifeld (Reuters) – JPMorgan Chase & Co and Bank of America should withdraw from working on the initial public offering of Chinese electric vehicle battery giant CATL, a Republican lawmaker said on Thursday. John Moolenaar, who chairs the House Select Committee on China, said he sent letters to JPMorgan CEO Jamie Dimon and …

JPMorgan and BofA should stop work on IPO for China’s CATL, lawmaker says Read More »

By Anastasiia Malenko and Christian Lowe KYIV (Reuters) -Kyiv said on Friday it aims to complete talks by the end of next week about a deal with Washington on jointly exploiting Ukrainian mineral resources, an agreement Ukrainian officials hope will go some way to firming up softening U.S. support for them in their war with …

Ukraine says aiming to wrap up mineral deal talks within a week Read More »

By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) -Traders saw the all-clear on Thursday from the European Central Bank to bet on even steeper interest rate cuts ahead, confident the central bank will ease policy further if trade tensions dent a fragile economy. The ECB cut rates by 25 basis points (bps) for a seventh …

Markets see door wide open for more ECB rate cuts on tariff hit Read More »

By Maki Shiraki TOKYO (Reuters) -Toyota is considering producing the next version of its top-selling RAV4 SUV in the United States, three people familiar with the matter said, becoming the latest automaker to rethink supply chains to lessen the hit from U.S. tariffs on imported vehicles. Toyota makes the current version of the popular SUV …

Exclusive-Toyota weighs adding US production of new RAV4 in response to tariffs, sources say Read More »

By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Netflix executives on Thursday backed the company’s revenue outlook for the year and voiced confidence that the streaming service would weather any economic turbulence from President Donald Trump’s erratic tariff plans.    Following an earnings report that topped analyst expectations, Netflix co-CEO Greg Peters said the …

Netflix signals confidence with upbeat revenue outlook Read More »

By Jonathan Saul, Lisa Baertlein, David Lawder and Andrea Shalal LOS ANGELES (Reuters) -The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied on China-built vessels, aiming to revive U.S. shipbuilding. The Federal Register notice posted by the U.S. …

United States eases port fees on China-built ships after industry backlash Read More »

By Che Pan and Brenda Goh BEIJING (Reuters) -Apple’s shipments of smartphones in China slumped 9% in the first quarter from a year earlier and it was the only major manufacturer to see a decline, according to data from research firm IDC. Apple, which ranks fifth in China’s smartphone market, saw shipments fall to 9.8 …

Apple’s China smartphone shipments slide 9% in first quarter Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) -Intel’s new CEO, Lip-Bu Tan, is flattening the semiconductor giant’s leadership team, with important chip groups reporting directly to him, according to a memo from Tan seen by Reuters. Intel has also promoted networking chip chief Sachin Katti to be chief technology officer and artificial intelligence chief, according to …

Exclusive-Intel CEO Lip-Bu Tan flattens leadership structure, names new AI chief, memo says Read More »