Reuters US Economy

American Tower beats fourth-quarter revenue estimates as demand recovers

25 Feb 2025

(Reuters) -Real estate investment trust American Tower beat fourth-quarter revenue estimates due to recovering demand for its leasing business from telecom and wireless carrier clients, sending its shares up 6.7% in early trading on Tuesday. However, the company’s annual forecast and fourth-quarter numbers for adjusted funds from operations (AFFO), a key measure of cash flow, …

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Brazil’s inflation index posts largest monthly rise since early 2022

25 Feb 2025

SAO PAULO (Reuters) – Brazil’s IPCA-15 consumer price index posted in February its largest monthly rise in almost three years, official data showed on Tuesday, driving 12-month inflation to its highest since late 2023 as the central bank continues to tighten monetary policy. Prices were up 1.23% in the month to mid-February, statistics agency IBGE …

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Air Products to exit three US projects

25 Feb 2025

(Reuters) – Air Products said on Monday it would exit three projects in the U.S. and expects to record a pre-tax charge of nearly $3.1 billion in its second quarter to write down assets and terminate contractual commitments. This comes after the company lost the proxy fight against activist investor Mantle Ridge, which had been …

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Malaysia sees record $86 billion of approved investments in 2024

25 Feb 2025

KUALA LUMPUR (Reuters) – Malaysia had approved investments of 378.5 billion ringgit ($85.8 billion) in 2024, a record figure and an increase of 14.9% from the previous year, its trade minister said on Tuesday.   Malaysia received a slew of digital investments from major tech firms last year, including Alphabet’s Google, helping to propel its economy …

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Trump says Canada, Mexico tariffs on schedule despite border, fentanyl efforts

25 Feb 2025

By David Lawder and Andrea Shalal WASHINGTON (Reuters) – President Donald Trump said on Monday that tariffs on Canadian and Mexican imports are “on time and on schedule” despite efforts by the countries to beef up border security and halt the flow of fentanyl into the U.S. ahead of a March 4 deadline. “The tariffs …

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Trump says US ‘on time with the tariffs’ on Canada and Mexico

24 Feb 2025

WASHINGTON (Reuters) – President Donald Trump, asked on Monday whether tariffs would be placed on Canadian and Mexican goods when the deadline for a pause on such action arrives next week, reiterated his view that the United States had been mistreated by its neighbors and allies. “We’re on time with the tariffs, and it seems …

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Bank of Israel holds rates but leaves hope for cuts this year

24 Feb 2025

By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel kept short-term interest rates unchanged for a ninth straight meeting on Monday, but held out the prospect for further easing this year should inflation pressures subside, despite the conflict in Gaza. The central bank – which has expressed worries about a higher investor risk premium …

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