By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) – The trade war stirred by U.S. tariffs raises a risk for metal demand, the head of Chile’s Antofagasta said, although he predicted AI and other technology could offset any loss of traditional consumption caused by economic weakness. He also said President Donald Trump’s policies could …
Chile’s Antofagasta expects copper demand to defy tariff turmoil Read More »
BRUSSELS (Reuters) -The president of the European Commission, Ursula von der Leyen, urged China on Tuesday to ensure a negotiated solution to problems caused by the sweeping import tariffs imposed by U.S. President Donald Trump. In a phone call with China’s Premier Li Qiang, von der Leyen “stressed the responsibility of Europe and China, as …
EU’s von der Leyen urges China to ensure responsible tariff response Read More »
(Reuters) – Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company. This is the second billion-dollar-plus deal involving a crypto company this year, as digital assets such as bitcoin gain more prominence under U.S. President Donald …
Crypto firm Ripple to buy prime broker Hidden Road for $1.25 billion Read More »
By Helen Reid and Nicholas P. Brown LONDON/NEW YORK (Reuters) – Clothing and accessories retailers across the United States are delaying orders and freezing hiring ahead of tariff hikes that take effect Wednesday on products imported from Vietnam and China. These businesses, much like Nike and Lululemon, face an impossible choice: offset the cost of …
Clothing retailers delay orders, freeze hiring as tariffs hit Read More »
(Reuters) – RTX said on Tuesday its engine making subsidiary Pratt & Whitney has developed an additive manufacturing repair process for its geared turbofan (GTF) engine components, which would reduce process time by more than 60%. The unit is currently navigating an issue with the GTF engines and is conducting an inspection drive for potentially …
RTX’s Pratt & Whitney develops additive manufacturing to reduce engine repair time Read More »
By Mike Dolan LONDON (Reuters) – After a wild Monday, equity trading appears to have calmed somewhat even as the U.S.-inspired trade war ratchets up. Speculation about a devaluation of China’s yuan has moved center stage along with a snapback in U.S. Treasury yields. Today’s Market Minute * China refused to bow to what it …
Morning Bid: Stocks take a breath, but yuan, Treasuries convulse Read More »
(Reuters) – German sports car maker Porsche delivered 8% fewer vehicles globally in the first quarter, it said on Tuesday, hit by declining demand in China and Europe. Global deliveries stood at 71,470 cars worldwide, Porsche said, with deliveries down 42% and 10% year-on-year in China and Europe, respectively. In Germany, Porsche’s home market, deliveries …
Porsche Q1 deliveries fall 8% on weaker demand in China and Europe Read More »
By Mohamed Ezz, Ahmed Eljechtimi and Xinghui Kok (Reuters) – Days after U.S. President Donald Trump’s announcement of sweeping tariffs shocked multiple U.S. trading partners and global markets, a handful of countries are emerging as potential winners although the risk of a tariff-induced recession will limit the upside. With longtime allies and close U.S. trading …
Brazil, Egypt and Singapore among potential winners from tariff onslaught Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina’s pending $20 billion deal with the International Monetary Fund will bring libertarian President Javier Milei the tool he wants to unlock investment-blocking capital controls and a return to the global market: a “mountain of dollars”. The South American country, a serial defaulter that has battled on-and-off economic …
Analysis-IMF ‘mountain of dollars’ key to unlock Argentina’s FX controls Read More »
SINGAPORE (Reuters) – U.S. Treasuries extended a sharp retreat on Tuesday as investors were having to sell bonds to cover losses in other assets and scrambled to unwind expectations for deep U.S. rate cuts, in the latest unsettling sign of possible stress in financial markets. Monday’s range for the benchmark 10-year yield was one of …
