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SANTIAGO (Reuters) – Chilean copper giant Codelco is seeing strong demand for the red metal from China in the second quarter, the firm’s chairman told Reuters on Thursday. “We’re seeing really strong demand from China in this second quarter,” Codelco chairman Maximo Pacheco said on the sidelines of the CRU copper conference in Santiago. “China …

Chilean miner Codelco logging strong Q2 demand from China, chairman says Read More »

(Reuters) – The combined company following Australia-based Sayona Mining’s deal to buy Piedmont will be known as Elevra Lithium and its board will have four nominees from each of the two firms, the miners said on Thursday. Lithium companies have been reeling from low prices as rapid supply growth has outpaced strong demand projections amid …

Sayona-Piedmont merger forms Elevra Lithium with equal board representation Read More »

(Reuters) – Higher-than-expected tariffs would “very likely” raise both unemployment and inflation, Dallas Federal Reserve President Lorie Logan said on Thursday in remarks that made clear her most immediate concern is keeping inflation, and inflation expectations, in check. “To sustainably achieve both of our dual-mandate goals, it will be important to keep any tariff-related price …

Fed must keep tariffs from fostering persistent inflation: Logan Read More »

By Aishwarya Venugopal and Savyata Mishra (Reuters) – Aggressive tariffs on China-made clothes, bags and shoes by U.S. President Donald Trump could benefit off-price retailers such as TJ Maxx and Ross who rely on expansive sourcing strategies and inventory management. TJ Maxx-owner TJX Cos, Ross Stores and Burlington Stores often acquire clothing, accessories and other …

US off-price chains poised to win as tariffs play to strengths in sourcing, inventory Read More »

WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose slightly last week and could trend higher as companies navigate President Donald Trump’s tariffs on imports. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 223,000 for the week ended April 5, the Labor Department said on Thursday. …

US weekly jobless claims rise marginally Read More »

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Even compared to other market rollercoasters, the one we’ve been on over the last week has been extreme. We’ve seen some of the biggest intra-week swings in 25 years, with few investors …

Morning Bid: Ninety more days of guesswork Read More »

By Eduardo Baptista, Stephen Nellis and Max A. Cherney BEIJING/SAN FRANCISCO (Reuters) – Intel CEO Lip-Bu Tan has made hundreds of investments in Chinese companies over decades through Walden International, the San Francisco venture capital firm he founded in 1987, and two Hong Kong-based holding companies, Sakarya Limited and Seine Limited. The following are some …

Factbox-Intel CEO Lip-Bu Tan’s wide-ranging investments in China Read More »

SYDNEY (Reuters) – Australia’s top central banker said on Thursday that it was still too early to decide on the path for interest rates, adding it needed to be patient as it assesses the economic impact of U.S. trade policies that have upended financial markets. In a speech in Melbourne, Reserve Bank of Australia (RBA)Governor …

Australia central bank says too early to decide on rate path amid tariff uncertainty Read More »