By Sam Nussey and Ritsuko Shimizu TOKYO (Reuters) – Japanese chemical company Zeon aims to decide by the summer whether to move forward with plans it put on hold to expand production in the United States, its CEO said. Zeon in January froze plans to expand capacity in Texas for producing binders used in lithium-ion …
By Nidhi Verma NEW DELHI (Reuters) – India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden, three sources familiar with the matter said. The proposal to get rid of duties for the …
India eyes ending import tax on US ethane and LPG in trade talks, sources say Read More »
By Douglas Gillison WASHINGTON (Reuters) -The top U.S. watchdog agency for consumer finance will cut its inspections of financial services companies in half while focusing on threats to military personnel and turning away from areas like student loans, medical debt, digital payments and consumer data, according to a memo sent to staff on Wednesday. The …
Under Trump, consumer watchdog to slash industry supervision Read More »
(Reuters) – Valero Energy Corp said on Wednesday it was taking a $1.1 billion pre-tax impairment related to its California refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the end of April 2026. The move comes as refiners face growing regulatory and cost pressures …
Valero books $1.1 billion impairment, may idle California refinery Read More »
(Reuters) -Australia’s Insignia Financial said on Thursday that it has extended the exclusivity period by four weeks for both its bidders, Bain Capital and CC Capital Partners, to consider their proposals to acquire the wealth manager. Following the requests of both Bain and CC Capital, Insignia extended the exclusivity period to allow the two suitors …
Insignia extends exclusivity window for Bain and CC Capital bids Read More »
By Raphael Satter and AJ Vicens WASHINGTON (Reuters) -Christopher Krebs, whom President Donald Trump fired as head of the Cybersecurity and Infrastructure Security Agency in 2020, said on Wednesday he is leaving cybersecurity company SentinelOne following pressure from the White House. An email from Krebs, posted to SentinelOne’s website, said he offered his resignation last …
Ex-CISA chief Chris Krebs leaving SentinelOne following Trump pressure Read More »
By Anna Tong SAN FRANCISCO (Reuters) -The California attorney general’s office declined to join a lawsuit by Elon Musk against OpenAI, the agency wrote in a letter made public on Tuesday, saying the office did not see how Musk’s action serves the public interest of the state. Musk, a co-founder of the ChatGPT maker, is …
California attorney general declines to join Musk’s lawsuit against OpenAI Read More »
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks ended sharply lower on Wednesday as Nvidia warned about steep charges from new U.S. curbs on its chip exports to China and Federal Reserve Chair Jerome Powell said U.S. economic growth appears to be slowing. Powell, in remarks for the Economic Club of Chicago, said larger-than-expected tariffs …
Indexes drop as Fed’s Powell says growth appears to be slowing; Nvidia tumbles Read More »
(Reuters) – Australian oil and gas producer Santos posted a 7% fall in first-quarter sales revenue on Thursday, hurt by lower crude sales volumes and weak realised prices for domestic gas and oil-linked LNG sales contracts. Global LNG prices have tumbled since China’s first 15% retaliatory levy shut off U.S. imports in February, triggering a …
Australia’s Santos posts 7% fall in first-quarter sales revenue Read More »
By Arsheeya Bajwa and Aditya Soni (Reuters) -Global chip stocks were battered on Wednesday on fresh evidence of how U.S. President Donald Trump’s shifting trade policy was complicating the outlook for semiconductor and computing giants, including AI pioneer Nvidia and its rival AMD. Attempts to reorient global trade through tariffs and export curbs have started …
Global chipmakers feel the pinch of Trump’s shifting trade policy Read More »
