Reuters US Economy

ADM taps Chris Cuddy for expanded role following layoffs, accounting issues

9 Apr 2025

By Ana Mano SAO PAULO (Reuters) -U.S. grain trader Archer-Daniels-Midland Co has appointed an executive whose division was involved in accounting irregularities that have drawn federal scrutiny to a newly created role as president for North America, according to a source and an internal memo seen by Reuters on Wednesday. The executive, Christopher Cuddy, will …

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Argentina expects IMF board approval for $20 billion deal on Friday

9 Apr 2025

BUENOS AIRES (Reuters) -Argentina’s government expects the International Monetary Fund board will approve a $20 billion loan deal at the end of the week, a government spokesman said on Wednesday, in what would mark a key step to boost the flagging economy. On Tuesday, the IMF announced it had reached a staff-level agreement on the …

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Italy says budget deficit won’t rise despite crumbling growth

9 Apr 2025

By Giuseppe Fonte and Gavin Jones ROME (Reuters) – -Italy on Wednesday committed to keeping its budget deficit in check even as it slashed its economic growth forecasts amid market turmoil over U.S. trade tariffs. The government’s multi-year economic framework approved by cabinet estimated the 2025 budget deficit at 3.3% of national output, in line …

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MercadoLibre to spend $2.6 billion in Argentina, up from last year

9 Apr 2025

BUENOS AIRES (Reuters) -Latin American e-commerce company MercadoLibre plans to spend $2.6 billion in Argentina this year, the company said on Wednesday. The funds – a 53% boost from the year before – will go toward logistics, marketing and technology, MercadoLibre said in a statement. The online marketplace and financial technology firm is set to …

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Argentina’s inflation likely sped up again in March – Reuters poll

9 Apr 2025

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely sped up to 2.6% in March, marking the second consecutive month on the rise, a median of analysts polled by Reuters showed on Wednesday. If that figure is confirmed in official data published on Friday, it would put the government further from its …

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Strike halts grain ship traffic at Argentina’s Rosario ports

9 Apr 2025

SAO PAULO (Reuters) – Grain and agro-industrial products ships will be unable to dock or leave Argentina’s Rosario agro-port hub on Thursday because of a CGT union strike against government policies, the head of the private port chamber CAPyM said. The CGT’s action, which brings together numerous unions in the country, will start at midnight …

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Peabody reviews options for $3.78 billion deal for Anglo’s coal assets

9 Apr 2025

LONDON (Reuters) -Peabody Energy is reviewing all options related to its $3.78 billion acquisition agreement with Anglo American for some of its Australian steelmaking coal assets after a fire halted production at a mine included in the deal. The deal was signed last year and expected to close in mid-2025. Production at Anglo American’s Moranbah …

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