By Lucia Mutikani WASHINGTON (Reuters) -The U.S. services sector slowed to a nine-month low in March, backing expectations that economic growth likely stalled in the first quarter amid uncertainty caused by import tariffs. The economic outlook was further dimmed by President Donald Trump unveiling on Wednesday a 10% minimum tariff on most goods imported into …
US economy slowing heading into tariffs turbulence Read More »
(Reuters) – London shares plunged on Thursday, as investors avoided risky assets after U.S. President Donald Trump’s reciprocal tariffs amplified global trade war and recession worries. The blue-chip FTSE 100 touched a two-month low, closing down 1.6%, posting its largest daily drop since August 2024. The midcap FTSE 250 index fell 2.2%, hitting a one-year …
UK stocks tumble as Trump’s tariffs stir economic growth fears Read More »
By Marcela Ayres BRASILIA (Reuters) – Sweeping U.S. tariffs could prove relatively advantageous for Brazil, Latin America’s largest economy, despite President Donald Trump’s move to impose a 10% levy on its exports to the United States, economists said on Thursday. Local markets reacted positively to the highly anticipated announcement on Wednesday, with the Brazilian real …
Brazil may emerge as winner from sweeping US tariffs, economists say Read More »
(Reuters) – Lamb Weston beat third-quarter revenue and profit estimates on Thursday, as the frozen potato products maker benefited from its cost cuts and regained sales it had lost last year during its transition to a new database. Its shares rose about 8% in early trading. The company said it had hired consulting firm AlixPartners …
Lamb Weston beats quarterly estimates on cost cuts, shares jump Read More »
By Abigail Summerville NEW YORK (Reuters) – Guatemalan conglomerate Castillo Hermanos is buying U.S.-based Harvest Hill, maker of beverages such as SunnyD, for around $1.5 billion, including debt, according to people familiar with the matter. The deal is expected to be announced later on Thursday, the sources said, requesting anonymity because the terms of the …
Castillo Hermanos strikes $1.5 billion deal to buy U.S. maker of SunnyD, sources say Read More »
(Reuters) -President Donald Trump said on Wednesday he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country’s biggest trading partners, a move that could escalate a trade war and upend the global economy. Trading partners are expected to respond with countermeasures that could …
Executives, trade and labour associations on Trump’s reciprocal tariffs Read More »
By Christoph Steitz and Rene Wagner FRANKFURT/BERLIN (Reuters) – Far-reaching tariffs announced by the U.S. will deal a major blow to German industry, a major exporter to the world’s top economy, sector leaders said, with one institute putting the expected damage at 200 billion euros ($222 billion). Covering everything from cars and auto parts to …
German industry expects severe hit from Trump tariffs Read More »
By Steven Scheer JERUSALEM (Reuters) -Donald Trump’s latest tariff announcement could impact Israel’s exports of machinery and medical equipment, an Israeli finance ministry official said on Thursday, as the government sought to minimise the impact of the threatened U.S. measures. As part of a sweeping new tariff policy, unspecified Israeli goods exports to the United …
US tariffs on Israel may hit medical equipment, diamonds, Israeli official says Read More »
NAIROBI (Reuters) – Kenya’s shilling was unchanged on Thursday, helped by low importer demand for the dollar, traders said. At 0830 GMT, commercial banks quoted the shilling at 129.00/50, the same as Wednesday’s closing rate. (Reporting by George Obulutsa)
LONDON (Reuters) – Investment bank JPMorgan downgraded its recommendation for emerging currencies to “underweight” on Thursday after U.S. tariffs exceeded its worst-case scenario. U.S. President Donald Trump late on Wednesday announced “reciprocal” tariffs ranging from 10% to above 40%. “While there remains scope for negotiation and de-escalation, we think this round of tariffs is a …
JPMorgan downgrades emerging FX after Trump tariffs exceed worst-case scenario Read More »
