Reuters US Business

NEW YORK (Reuters) – The U.S. Treasury said on Friday it is seeking guidance from primary dealers on stablecoins as well as potential changes to the 20-year bond auction schedule, including possibly shortening the when-issued period. The when-issued period typically begins after the announcement of a new security issue and ends the day before the …

US Treasury seeks dealer guidance on 20-year bond auction schedule, stablecoins Read More »

(Reuters) – Abu Dhabi state oil company ADNOC is in the early stages of considering a bid for investment firm Aethon Energy Management’s U.S. natural gas assets, according to a person familiar with the matter. ADNOC has done a string of acquisitions in gas and chemicals, which along with LNG and renewables it considers as …

Abu Dhabi’s ADNOC mulls bid for Aethon’s US natgas assets, source says Read More »

By Aditya Kalra, Arpan Chaturvedi NEW DELHI (Reuters) -India wants to tackle its mounting e-waste problem. Global electronics companies say the cost is too high. Daikin, Hitachi and Samsung are among manufacturers alarmed by new Indian government rules that require them to pay significantly more to recycle air conditioners, refrigerators, TVs and other appliances, court …

From Daikin to Samsung, companies fight Modi over e-waste policy Read More »

By Scott DiSavino (Reuters) – U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, …

US oil rig count falls by most in a week since June 2023, Baker Hughes says Read More »

By Arasu Kannagi Basil and Saeed Azhar (Reuters) -Wells Fargo’s profit beat expectations in the first quarter as the bank cut costs and set aside less money to cover potential loan losses, but its CEO warned on Friday that U.S. tariffs risk slowing economic growth. The U.S. bank’s shares were down 1.5% in afternoon trade, …

Wells Fargo beats profit estimates but CEO warns tariffs could slow economic growth Read More »

By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase topped first-quarter profit estimates on record equities trading and higher fees from debt underwriting and advising on mergers, but the bank remained wary about a possible global recession this year. CEO Jamie Dimon, who warned this week of negative consequences from trade wars, maintained his cautious …

JPMorgan profit beats estimates on record stock trading, CEO sees economic turbulence Read More »

By Michael S. Derby (Reuters) -New York Federal Reserve President John Williams said on Friday the Trump administration’s current trade policies will accelerate inflation this year, while adding that it’s critical for the U.S. central bank to prevent longer-run expectations of price pressures from becoming unmoored. “It’s hard to know with any precision how the …

Fed’s Williams says tariffs will push up inflation, unemployment Read More »