By Maria Martinez BERLIN (Reuters) -German exports rose in December while industrial output fell more than expected, suggesting the outlook for the euro zone’s largest economy remains anything but rosy. Exports rose 2.9% compared with the previous month, data from the federal statistics office showed on Friday. Economists in a Reuters poll had forecast a …
German exports rise, industrial production falls Read More »
By Andy Home LONDON (Reuters) -If in doubt, double down. Seven years ago President Donald Trump ordered 10% tariffs on U.S. imports of aluminium with the stated aim of increasing domestic primary metal production. They haven’t worked. This time the tariff is going to be 25% without “exceptions or exemptions” effective March 4. Together with …
Beer, not tariffs, will boost US aluminium capacity: Andy Home Read More »
By Marianna Parraga (Reuters) – The number of vessels that passed through the Panama Canal, the world’s second busiest waterway, fell to an average of 32.6 per day for a total of 1,011 ships in January, the first month-on-month decline in almost a year, according to a bulletin published on Tuesday by the canal’s administrating …
Transits through Panama Canal fell in January for first time in almost a year Read More »
By Alasdair Pal SYDNEY (Reuters) – The Australian government said on Wednesday it was open to acquiring collapsed airline Regional Express Holdings to ensure its regional services continue, in what would be the first state ownership of a carrier in the country in three decades. Rex entered voluntary administration last July, cutting hundreds of jobs …
Australia open to acquiring collapsed regional airline Rex Read More »
SAO PAULO (Reuters) – Brazilian meatpacker Minerva on Tuesday proposed selling one of its potential future cattle slaughterhouses in Uruguay as it looks to ease antitrust concerns over its stymied attempt to buy three local slaughterhouses from rival Marfrig. Minerva said it has sent a new request for approval to Uruguay’s watchdog Coprodec, now proposing …
Minerva pitches slaughterhouse sale to ease Uruguay antitrust concerns Read More »
MEXICO CITY (Reuters) -Mining giant Grupo Mexico reported a drop in its net profit during the fourth quarter on Tuesday, missing analysts’ estimates and dragged down by losses in its infrastructure division and a smaller profit in its transport unit. Net profit in the quarter fell 6.5% to $686.5 million, from revenues which were up …
Mining giant Grupo Mexico misses estimates dragged by transport, infrastructure Read More »
SAO PAULO (Reuters) – Brazilian steelmakers lobby group Aco Brasil said on Tuesday that it was “surprised” by the 25% tariffs imposed by the U.S. on steel, aluminum imports, adding that such measure would not benefit either of the countries. Aco Brasil added in a statement that the earlier agreement between Brazil and the U.S. …
Brazil steelmakers lobby group says US 25% tariffs on steel will benefit neither country Read More »
By Nikhil Sharma and Johann M Cherian (Reuters) – European shares closed a choppy Tuesday session at a record high, as investors weighed the European Union’s response to U.S. President Donald Trump’s tariff hike on all steel and aluminium imports that sparked a decline in basic resources stocks. The pan-European STOXX 600 index rose 0.2%, …
European shares end at record high; steelmakers, miners drop on tariff woes Read More »
By Marc Jones LONDON (Reuters) – Nearly a third of central banks have pushed back launching digital versions of their currencies, a new survey shows, although a desire to protect their money-minting powers mean most still intend to go ahead. Central Bank Digital Currencies (CBDCs) are back in the spotlight after U.S. President Donald Trump …
Almost a third of central banks delaying digital currency plans, report shows Read More »
By Byron Kaye and Himanshi Akhand (Reuters) -Top Australian investment bank Macquarie Group on Tuesday downplayed its exposure to the U.S. green energy sector which has been up-ended by executive orders from President Donald Trump, as it posted a flat third-quarter profit. The bank, which makes a third of its profit in the Americas, said …
Australia’s Macquarie sees ‘very little’ exposure in Trump’s green energy war Read More »
