Reuters US Economy

(Reuters) – MercadoLibre is now offering transactions using its payment processors in Argentina through Pix, the Brazilian instant payment system, as Brazilian tourists flock to the neighboring country for vacation, MercadoLibre told Reuters on Tuesday. MercadoLibre’s payment processors, run by fintech arm Mercado Pago, have become ubiquitous for Argentines on the go and are popular …

MercadoLibre’s payment processor offers Pix as Brazilian tourists flock to Argentina Read More »

By Clyde Russell CAPE TOWN (Reuters) -The trade in crude oil, liquefied natural gas and coal between the United States and China is effectively dead after Beijing responded to President Donald Trump’s tariffs with measures of its own. China, the world’s biggest importer of the three energy commodities, on Tuesday slapped import duties of 15% …

China kills energy trade with the US, but initial impact is limited: Russell Read More »

By Gavin Maguire LITTLETON, Colorado (Reuters) -Growing tension across Europe’s electricity markets has sharpened focus on the region’s most dependable and integrated exporter of clean power: France. France is the largest supplier of clean electricity to Europe’s top electricity importers, and has played a critical role in helping to cap regional electricity costs in recent …

France in focus as Europe’s electricity import needs swell: Maguire Read More »

By Anton Bridge TOKYO (Reuters) -All three of Japan’s “megabanks” are on course for record annual income after the first nine months of the financial year as they cash in on sales of cross-shareholdings and a boost to margins due to higher interest rates at home. The end of deflation has been a boon for …

Japan’s megabanks set for record FY profit after strong Q3 Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) -“I don’t like Trump, but…” This common refrain was heard throughout a major investor conference held in Miami last week, reflecting the financial industry’s overwhelming optimism that the U.S. president’s economic agenda will make both Wall Street and Main Street great again.  Donald Trump’s announcement of sweeping tariffs on …

Tariffs offer ‘Trump trade’ Pollyannas a reality check: McGeever Read More »