Reuters US Business

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund is continuing to assess the impact of President Donald Trump’s tariff plans, including his new 25% auto tariffs, but the global lender’s baseline forecasts do not envision a U.S. recession, IMF spokesperson Julie Kozack said on Thursday. Kozack, asked about Trump’s tariff plans during a regular …

IMF assessing Trump’s tariff plans, does not see US recession Read More »

MEXICO CITY (Reuters) -Walmart’s Mexico unit said on Thursday it would invest more than $6 billion in the country this year, around triple its planned spending from the year before. The funds will go toward opening new stores and to continue construction on two distribution centers, according to the firm. Mexico City-listed shares climbed more …

Walmart Mexico to invest $6 billion in 2025 Read More »

By Joanna Plucinska BRUSSELS (Reuters) -British Airways-owner IAG will consider selling its 20% stake in Air Europa as the Spanish airline’s owner continues talks with Air France-KLM and Lufthansa to sell a stake in the company, IAG’s CEO told Reuters. The move comes as European airlines have called for further consolidation of the sector, with …

Exclusive-IAG will consider selling 20% stake in Air Europa, CEO says Read More »

By Lananh Nguyen, Pete Schroeder and Tatiana Bautzer NEW YORK (Reuters) – U.S. banking giants are pushing for a swath of lighter regulations from President Donald Trump’s administration, and say they are heartened by signals that regulators are listening. Bank bosses want to cut reporting requirements on some transactions, limit regulators’ enforcement powers, speed up …

Bank bosses call for softer rules, Trump-nominated regulators listen Read More »

(Reuters) – Chipmaker Wolfspeed said on Thursday it appointed industry veteran Robert Feurle as its CEO, months after its board ousted former top boss Gregg Lowe. Feurle, who has previously spent a decade in executive roles at Micron Technology, will succeed Thomas Werner effective May 1. Werner will return to his role as chairman. Lowe …

Wolfspeed names chip industry veteran Robert Feurle as CEO Read More »

(Reuters) -Automaker stocks around the world slumped on Thursday after the latest round of U.S. tariffs were targeted at the sector. U.S. President Donald Trump said late on Wednesday the United States will effectively charge a 25% tariff on all cars not made in the country and that the new duties on cars and light …

Investors react as Trump auto tariffs rattle markets Read More »