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SAO PAULO (Reuters) -Brazilian airline Gol has postponed the deadline for investors to analyze proposals for a $1.9 billion financing, it said in a statement on Tuesday, citing the volatility created by tariffs imposed by U.S. President Donald Trump. The deadline for the so-called “exit financing” from the firm’s judicial reorganization process was postponed from …

Brazil’s Gol postpones deadline for proposed $1.9 billion financing Read More »

(Reuters) -Albertsons forecast annual profit below estimates on Tuesday as the company offers selective discounts and invests in its loyalty program to drive sales while inflation pressures consumer spending, sending its shares down 3%. Retailers are tempering their annual expectations due to the overarching effects of U.S. President Donald Trump’s sweeping tariffs, which have sparked …

Grocer Albertsons forecasts annual profit below estimates on rising costs Read More »

By Mimosa Spencer PARIS (Reuters) – LVMH lost its position on Tuesday as Europe’s largest luxury company in terms of market capitalization after being overtaken by rival Hermes due to investor pessimism after disappointing first-quarter revenue from the sector bellwether. LVMH, whose high-end brands include Louis Vuitton and Dior, jewellery brand Tiffany & Co. and …

LVMH overtaken by Hermes in market capitalization as sales disappoint Read More »

By Wen-Yee Lee TAIPEI (Reuters) -Advanced Micro Devices said on Tuesday its key processor chips would soon be made at TSMC’s new production site in Arizona, marking the first time that its products will be manufactured in the United States. Though AMD’s plans predate U.S. President Donald Trump’s return to office, tech companies’ efforts to …

AMD set to produce its CPU chip at TSMC plant in Arizona Read More »

(Reuters) -HSBC revised down its Brent crude oil price forecasts for 2025 and 2026, following the announcement of tariffs by U.S. President Donald Trump and the decision by OPEC+ to increase production, the bank said in a note on Tuesday. The bank’s forecast for 2025 has been reduced to $68.5 per barrel, down from the …

Factbox-HSBC trims Brent crude oil price forecasts for 2025 and 2026 Read More »

(Reuters) – A U.S. House committee on Tuesday asked 23andMe’s co-founder to testify next month as it launched an investigation into the risk of genetic data being transferred to potential buyers amid the DNA testing company’s bankruptcy. James Comer, a Republican from Kentucky and the chairman of the House Committee on Oversight and Government Reform, …

US House committee seeks testimony from 23andMe co-founder after bankruptcy Read More »