(Reuters) – Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had forecast a five-year capital plan of about $56 billion, a 16% increase from its prior plan, with …
Sempra to sell Mexico energy assets, stake in infrastructure unit Read More »
(Reuters) – Hut 8 said on Monday it had joined hands with President Donald Trump’s son, Eric Trump, to launch a bitcoin mining company called American Bitcoin. Miami, Florida-based Hut 8 merged the majority of its mining operations for an 80% stake in American Data Centers, a company formed by a group of investors including …
Hut 8, Eric Trump to launch bitcoin mining company 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 Gold is homing in on its best quarter since 1986, telling you everything you need to know about what’s proven to be a dire quarter for Wall Street. April offers little chance …
By Joel Jose, Siddarth S (Reuters) -Goldman Sachs raised the probability of a U.S. recession to 35% from 20% and said it expects more rate cuts by the Federal Reserve, as President Donald Trump’s tariffs roil the global economy and upend financial markets. The brokerage also lowered the world’s largest economy’s GDP growth forecast for …
Goldman raises odds of US recession to 35%, predicts three interest rate cuts Read More »
By Sherin Elizabeth Varghese and Noel John (Reuters) – Oil prices are set to remain under pressure in 2025 as U.S. tariffs and slowing economic growth in India and China weigh on demand, while OPEC+ pushes forward with plans to increase output, a Reuters poll showed. A survey of 49 economists and analysts in March …
Softer demand outlook to weigh on oil, OPEC+ walks a tightrope: Reuters poll Read More »
By Max A. Cherney SAN FRANCISCO (Reuters) – Arm Holdings expects its share of the global market for data center central processing units to surge to 50% by the end of the year, up from about 15% in 2024 with gains driven by the boom in artificial intelligence, a senior executive said. Arm’s CPUs are often …
WASHINGTON (Reuters) – Radio Free Asia said on Friday it would shut down by the end of April if the courts did not prevent the Trump administration from cutting its funding. The agency, which is in a legal battle with the administration in an attempt to remain operational, filed a motion to stop the government’s …
Radio Free Asia says it will fully shut down by end of April without court intervention Read More »
(This March 27 story has been refiled to remove an incorrect picture, with no changes to text) LONDON (Reuters) – Philip Morris International began selling its IQOS heated tobacco device in Austin, Texas on Thursday for $60 a piece, an executive told Reuters, kicking off efforts by the world’s largest cigarette maker to build a …
Philip Morris’ heated tobacco device IQOS goes on sale in Texas Read More »
By Danilo Masoni, Yoruk Bahceli and Alun John LONDON (Reuters) – A more independent, less U.S.-reliant Europe is taking shape and investors sense opportunities in a long-shunned region that go beyond just snapping up defence shares. Yes, there is reason for caution since massive German spending on defence and infrastructure will take time to be …
Make Europe Great Again trades are gaining traction Read More »
By Casey Hall and James Pomfret SHANGHAI (Reuters) – Orders have evaporated for Richard Chen, who manufactures Christmas decorations in southern China for U.S. retailers, including Walmart and Costco, facing crippling U.S. tariffs. “The orders are half of what they were last year,” said Chen, who is based in the manufacturing hub of Dongguan. He …
Analysis-For China and US Inc, Trump’s trade war feels much worse this time Read More »
