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TOKYO (Reuters) -Japanese banks posted their biggest weekly drop in at least four decades on Friday, as U.S. tariffs sparked fears that a slowdown in global growth could choke off the country’s fragile economic recovery and snuff out a decades-long effort to return to normal interest rates. The Tokyo index of banking stocks dropped 8% on …

Japanese bank shares hammered as US tariffs spur fears about country’s fragile recovery Read More »

(Reuters) -Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal to acquire all assets of Colonial Enterprises, including Colonial Pipeline, is expected to close in the second half of 2025. Colonial’s pipeline system stretches …

Brookfield to buy Colonial Pipeline for about $9 billion, including debt Read More »

By Kalea Hall, David Shepardson and Nora Eckert DETROIT (Reuters) – Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump’s tariffs were announced. Trump broadened the tariffs to a 10% baseline …

Stellantis to temporarily lay off 900 US workers as tariffs bite Read More »

By Leika Kihara TOKYO (Reuters) – New U.S. tariffs announced by President Donald Trump may delay, but likely won’t derail, the Bank of Japan’s plan to raise interest rates further as policymakers seek to avoid renewed yen falls that would worsen inflationary pressures. Trump’s decision to slap a 25% levy on auto imports, and a …

Analysis-Trump tariffs may delay, but won’t derail, Japan rate hikes Read More »

(Reuters) – KKR has abandoned a private equity consortium discussing a takeover of Gerresheimer AG, Bloomberg News reported on Thursday, citing people familiar with the matter. Warburg Pincus, which was also a part of the consortium, is still working to see if it can reach a deal, the report said. Earlier this month, Reuters reported …

KKR drops out of consortium seeking Gerresheimer takeover, Bloomberg News reports Read More »

(Reuters) – Goldman Sachs lowered its forecast for Brent crude’s average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war triggering a recession. The Wall Street brokerage also chopped its 2026 average price forecast for …

Goldman cuts oil price forecasts amid tariff fears, higher OPEC+ supply Read More »

By Jack Queen, Trevor Hunnicutt and David Thomas (Reuters) – (This April 1 story has been corrected to show that Willkie has agreed to not engage in illegal diversity-related employment practices, not that it will end diversity-based hiring practices, in paragraph 2) The law firm of former Vice President Kamala Harris’s husband struck a deal …

Doug Emhoff’s law firm Willkie Farr & Gallagher reaches deal with Trump Read More »

(Reuters) – Capital One Financial Corp got the greenlight from the Justice Department for its proposed $35 billion acquisition of Discover Financial Services, the New York Times reported on Thursday. The approval came after the DOJ told other regulators looking into the acquisition that it does not see sufficient competition concerns to block the deal, …

Capital One’s $35 billion deal for Discover clears US DOJ hurdle, NYT reports Read More »