Reuters US Business

By Aaditya GovindRao and Clare Jim (Reuters) -Chinese property developer Country Garden said on Friday it had reached an agreement with a key bondholder group and was close to finalising negotiations with a group of bank creditors. The company defaulted on its offshore debt in late 2023 and is now in a restructuring process that …

Country Garden secures key bondholder group support for offshore debt overhaul Read More »

By Hannah Lang (Reuters) -U.S. President Donald Trump on Thursday signed into law a bill to overturn a revised rule from the Internal Revenue Service that expanded the definition of a broker to include decentralized cryptocurrency exchanges, according to a statement from the White House. In the last weeks of the Biden administration in December, …

Trump signs bill to nullify expanded IRS crypto broker rule Read More »

By Arathy Somasekhar HOUSTON (Reuters) -Venezuela’s state oil company PDVSA has canceled several authorizations it had granted U.S.-based producer Chevron to load and export Venezuelan crude in April, three sources with knowledge of the decision said on Thursday. The cancellations follow U.S. President Donald Trump’s imposition of tariffs on Venezuela’s oil buyers. The suspensions also …

Exclusive-Venezuela’s PDVSA suspends oil loading authorizations to Chevron, sources say Read More »

By Caroline Valetkevitch NEW YORK (Reuters) -Major stock indexes and the U.S. dollar dropped on Thursday, with the S&P 500 ending down more than 3% as investors remained skittish, a day after U.S. President Donald Trump’s move to temporarily lower tariffs on many countries caused a massive relief rally. Investors fled to safe havens, with …

US stocks, dollar drop on lingering tariff worries, a day after relief rally Read More »

By Kalea Hall DETROIT (Reuters) -A new analysis by the Center for Automotive Research has found that President Donald Trump’s 25% auto tariffs imposed in early April will increase costs by about $108 billion for automakers in the U.S. in 2025. The study, released on Thursday by the Ann Arbor, Michigan-based organization, found Detroit automakers …

Study finds Trump’s 25% auto tariffs could cost US automakers $108 billion Read More »

By Laila Kearney NEW YORK (Reuters) – Alphabet Inc’s Google unit is partnering with the largest electrical grid operator in North America, PJM Interconnection, to roll out artificial intelligence technologies aimed at getting new power supplies connected faster, the company said on Thursday. The collaboration is the first time AI would be used to comprehensively …

Google deploys AI to speed up connections at PJM, largest US power grid Read More »

By Sarah N. Lynch and Chris Prentice WASHINGTON (Reuters) -The U.S. Justice Department has decided to keep corporate monitors in place for military housing company Balfour Beatty Communities and Canadian lender TD Bank, amid the Trump administration’s ongoing review of the practice, according to two people familiar with the matter. President Donald Trump’s Justice Department …

US to keep monitors in place for TD Bank, Balfour Beatty, people familiar say Read More »