Reuters US Business

Tariffs may accelerate Canadian lumber industry’s southward shift, hunt for new markets

20 Mar 2025

By Mrinalika Roy and Seher Dareen (Reuters) – U.S. President Donald Trump’s tariff threat could motivate more Canadian lumber producers to shift to the U.S. southern border while accelerating efforts to find new markets, industry experts said. The levies are the latest in a nearly four-decade dispute between the neighbors over softwood lumber, used in …

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Factbox-CK Hutchison: a global conglomerate caught in US-China trade spat

20 Mar 2025

(Reuters) – CK Hutchison, a Hong Kong-based conglomerate, agreed to sell much of its global $22.8 billion ports business that includes assets near the strategically important Panama Canal to a group led by BlackRock this month. The canal’s strategic value in global trade and U.S. President Donald Trump’s call to end what he describes as …

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In the Market: How Trump is driving Asia to diversify away from US

20 Mar 2025

By Paritosh Bansal -President Donald Trump’s tariffs and other policies have some financiers and officials in Asia predicting the remaking of the post-World War II economic order, leading to an urgent quest to diversify away from America. But it’s not proving to be easy. The period after World War II saw a global order underpinned …

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China urged to ramp up support for services consumption

20 Mar 2025

BEIJING (Reuters) – China should step up support for its burgeoning services sector to boost consumption, which top leaders made a priority this year to spur growth amid U.S. tariff disputes, economists from Peking University and a former central bank adviser said. As China’s policy tone has tilted toward boosting household consumption, authorities have doubled …

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Analysis-Fed’s balancing act gives respite to tariff-struck investors

20 Mar 2025

By Davide Barbuscia, Laura Matthews and Suzanne McGee NEW YORK (Reuters) -Investors are taking some comfort from the U.S. Federal Reserve’s wait-and-see approach, after being rattled by tariff-related turmoil that poses a threat to markets and the economy. Since returning to the White House on January 20, U.S. President Donald Trump’s rapid-fire tariff policies have …

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Trump considers extending Chevron license to pump oil in Venezuela, WSJ reports

20 Mar 2025

(Reuters) – The Trump administration is considering a plan to extend Chevron’s license to pump oil in Venezuela and impose financial penalties on other countries that do business with the South American nation, the Wall Street Journal reported on Thursday, citing people familiar with the discussions. (Reporting by Rhea Rose Abraham in Bengaluru; Editing by …

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SoftBank buys chipmaker Ampere Computing for $6.5 billion, deepening AI bet

20 Mar 2025

By Stephen Nellis and Anton Bridge SANTA CLARA, California/TOKYO (Reuters) -Japanese technology investor SoftBank Group is accelerating its move into chip technology companies with the $6.5 billion purchase of Ampere Computing, a U.S. chip startup founded by the former president of Intel. The all-cash deal announced on Wednesday comes as SoftBank steps up its investment …

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Australia greenlights Vocus’ takeover of TPG Telecom’s fibre, fixed assets

20 Mar 2025

By Rishav Chatterjee and Aaditya GovindRao (Reuters) -Macquarie-backed fibre network Vocus Group is closer to becoming one of Australia’s largest owners of underground fibre infrastructure, as the competition regulator approved on Thursday its A$5.25 billion (about $3.3 billion) deal with TPG Telecom. Vocus and TPG, back in October 2024, had agreed to a deal for …

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Trump says he believes India will be lowering tariffs on US, Breitbart reports

20 Mar 2025

(Reuters) – U.S. President Donald Trump told Breitbart News in an interview on Wednesday that he believes India will probably be lowering the tariffs it imposes on American goods. “I believe they’re going to probably going to be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they …

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