By Promit Mukherjee OTTAWA (Reuters) -Canadian Prime Minister Mark Carney announced limited countermeasures against U.S. auto tariffs on Thursday, imposing a 25% tariff on vehicles imported from the United States that are not compliant with the U.S.-Mexico-Canada trade deal. Carney, who replaced Justin Trudeau as prime minister last month, said the new tariffs would not …
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By Chris Prentice and Sarah N. Lynch NEW YORK (Reuters) -The U.S. Justice Department has paused corporate monitorships as part of an informal review into the practice of installing such firms to oversee companies that have resolved accusations of wrongdoing, according to two sources familiar with the matter. The DOJ is in the process of …
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By Ross Kerber (Reuters) -Proxy adviser Institutional Shareholder Services has recommended that investors cast advisory votes against the pay of top Bank of America executives including CEO Brian Moynihan, citing concerns about the process used to set the compensation. Moynihan earned $35 million last year, an increase of roughly 21%. ISS said in a report …
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By Georgina McCartney HOUSTON (Reuters) – U.S. oilfield service firms are bracing for a hit as President Donald Trump’s tariffs throw supply chains into disarray and tumbling oil prices set the stage for a drop in drilling activity, analysts and financial firms said on Friday. Financial services firm Morningstar lowered its fair value estimates for …
US oil service firms set for hit from Trump tariffs, tumbling oil prices Read More »
By Shankar Ramakrishnan (Reuters) – U.S. President Donald Trump’s tariffs brought U.S. investment-grade bond issuance to a screeching halt this week, but market stress had already been apparent over the past month as jittery investors pushed back on pricing, some bankers said. Since Trump imposed sweeping tariffs on U.S. imports on Wednesday, no new bonds …
US high-grade bond issuance market teeters in ways not seen since the pandemic Read More »
By Scott DiSavino (Reuters) -U.S. energy firms this week cut the total number of rigs operating for a second week in a row, even as the number of oil rigs rose to the highest since June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, …
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LONDON (Reuters) – World cocoa, coffee and sugar prices slid again on Friday as markets remained rattled by U.S. president Donald Trump’s sweeping tariffs, especially after China retaliated with its own levies on U.S. imports. Trump on Wednesday imposed a 10% tariff on most U.S. imports and much higher levies of more than 50% on …
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(Reuters) -Japanese chipmaker Rapidus is negotiating with Apple, Google and dozens of other potential clients to mass-produce advanced chips by 2027, the Nikkei business daily reported on Friday, citing the company’s CEO Atsuyoshi Koike. A prototype chip line, which began partial operation on Tuesday at a plant in Hokkaido, is scheduled to be fully up …
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By Timothy Gardner and Nichola Groom WASHINGTON (Reuters) – The U.S. will hold an oil and gas lease sale in the Gulf of Mexico, as planned by the administration of former President Joe Biden, and will release a proposed notice of it in June, the Interior Department said on Friday. The auction of drilling rights …
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(Reuters) – Israeli Prime Minister Benjamin Netanyahu has spoken with U.S. President Donald Trump about his new tariff policy, two senior Israeli officials said on Friday, as Israel seeks to minimise the impact of the threatened U.S. measures. As part of a sweeping new tariff policy announced by Trump, unspecified Israeli goods exports to the …
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