Reuters US Business

By Jarrett Renshaw and Ismail Shakil OTTAWA (Reuters) -Canada will impose retaliatory tariffs on U.S. imported goods worth C$29.8 billion ($20 billion) effective on Thursday in response to U.S. President Donald Trump’s steel and aluminum tariffs, Canada’s Finance Minister Dominic LeBlanc said. Trump’s increased tariffs on steel and aluminum imports took effect on Wednesday as …

Canada announces C$29.8 billion in retaliatory tariffs on US Read More »

LONDON (Reuters) – Citi has appointed Chris Cox as head of Investor Services, with responsibility for the custody, fund services and execution services businesses at the Wall Street giant, where a sweeping reorganisation of staff and structure continues. Citi said on Wednesday that Cox, who was previously head of trade and working capital solutions, would …

Citi names Chris Cox as head of investor services Read More »

(Reuters) -The world’s biggest iron ore producer Rio Tinto will raise $9 billion in U.S. investment-grade bonds as it seeks to fund its recently-closed buyout of Arcadium Lithium, the miner said on Wednesday. Rio is offering the fixed and floating rate debt in eight tranches with terms varying from two years to 40 years. The …

Rio Tinto to raise $9 billion in debt for Arcadium Lithium buyout Read More »

By Ann Saphir (Reuters) -Cooler inflation last month leaves the door open for the Federal Reserve to resume cutting interest rates by mid-year, but the central bank remains worried that U.S. tariff hikes could rekindle price pressures, trigger an economic slowdown, or both. Consumer prices rose 2.8% in February from a year earlier, a government …

Cooler inflation paves way for Fed to resume rate cuts in June Read More »

By Dhwani Pandya MUMBAI (Reuters) -U.S. President Donald Trump’s tariffs can boost manufacturing activity in the United States, the world’s largest economy, Blackstone Chief Executive Stephen Schwarzman said on Wednesday. Trump’s focus on tariffs since taking office in January has shaken investors, consumers and business confidence and economists have voiced concerns of a U.S. recession …

Blackstone says Trump’s tariffs can be a positive economic spur Read More »