(Reuters) – U.S. President Donald Trump is advocating for increased coal production in the United States, however, reviving decommissioned coal plants to meet this goal makes “no economic sense”, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday. Trump’s executive orders could potentially delay the closure of coal-fired power plants and encourage …
(Reuters) – Citigroup on Thursday named Raymond Gatcliffe, a three-decade company veteran, as the chief executive officer of its Canada operations. Gatcliffe, whose appointment is effective April 1, succeeds CEO John Hastings, who will stay on as a member of the board. Hastings was at the helm since 2010, according to his LinkedIn profile. The …
Citi names insider Raymond Gatcliffe as CEO of Canada operations Read More »
By Scott DiSavino (Reuters) – U.S. power consumption will hit new record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook (STEO) on Thursday. EIA projected power demand will rise to 4,201 billion kilowatt hours (kWh) in 2025 and 4,244 billion kWh in 2026, from a record …
US power use to reach record highs in 2025 and 2026, EIA says Read More »
By Anthony Esposito and Rafael Escalera Montoto MEXICO CITY (Reuters) – Most of the Bank of Mexico’s five governing board members agreed that the risks associated with U.S. President Donald Trump’s tariffs will add uncertainty to the future path of inflation, minutes of its March 27 monetary policy decision showed on Thursday. Inflation forecasts remain …
Bank of Mexico: US tariffs add uncertainty to inflation Read More »
SAO PAULO (Reuters) – The acquisition of some of lender Banco Master’s assets by Brazil’s government-controlled bank BRB is likely to exclude “much more” than 23 billion reais ($3.89 billion) in assets, BRB’s president said on Thursday. BRB is still analyzing Banco Master and the final price for its assets has not been defined, although …
Brazilian lender BRB expects lower Banco Master price with deal adjustment, CEO says Read More »
WASHINGTON (Reuters) – Former U.S. Treasury Secretary Janet Yellen said on Thursday that the threat of financial instability prompted by falling prices for U.S. Treasury debt in recent days likely influenced President Donald Trump’s decision to reverse course and partially pause his tariff campaign. Yellen, in her first broadcast interview since leaving office, told CNN …
Yellen says bond sell-off raised instability threat, influencing Trump tariff U-turn Read More »
(Reuters) – Philadelphia Federal Reserve President Patrick Harker did not comment on the outlook for the economy or monetary policy in prepared remarks for a speech to a financial technology innovation conference on Thursday. Harker instead argued that “given the Federal Reserve System’s preeminence in matters of financial stability and security, it is a no-brainer …
Fed should lead in financial technology space, Harker says Read More »
RIO DE JANEIRO (Reuters) – Brazil’s Petrobras is weighing opportunities from an oil block auction set to take place this year in India, said the state-run oil firm’s head of exploration and production, Sylvia dos Anjos, on Thursday. Petrobras has already collected data to analyze the potential of the offshore areas on offer in deep …
Brazil’s Petrobras eyes exploration opportunities in India Read More »
BRASILIA (Reuters) – Brazil will pursue trade negotiations with the U.S. while reaffirming its support for multilateralism and seeking to expand its network of trade agreements, Foreign Trade Secretary Tatiana Prazeres said on Thursday. “Our approach (with the U.S.) is to negotiate, negotiate, and negotiate – that’s what we’ve been doing,” Prazeres said at an …
Brazil to pursue US talks while seeking to expand trade deals, says official Read More »
By Rocky Swift TOKYO (Reuters) -The Japanese operator of Uniqlo lowered its second-half underlying profit forecast by 10 billion yen ($68 million) on Thursday on expectations U.S. tariffs will hit the profitability of its fast-growing North American clothing business. The majority of Uniqlo products sold in the United States are produced in Southeast Asia where …
Uniqlo operator Fast Retailing cuts H2 profit outlook over US tariffs Read More »
