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Who is new Intel CEO Lip-Bu Tan?
March 12 (Reuters) - Intel INTC.O tapped former board member Lip-Bu Tan as its CEO on Wednesday, as the struggling American chipmaking icon attempts to emerge from one of its bleakest periods.Tan, a respected semiconductor industry veteran who will take the mantle on March 18, had been seen as a CEO...
Thu, Mar 13
Mark Carney to be sworn in as Canada's prime minister on Friday
OTTAWA, March 12 (Reuters) - Mark Carney will be sworn in as Canada's next prime minister on Friday morning, marking the final day of Justin Trudeau's more than nine years in power.
Thu, Mar 13
[Reuters Analysis] Bad news for American beer drinkers as aluminium tariffs kick in: Andy Home
LONDON, March 12 (Reuters) - First some good news for U.S. aluminium buyers. President Donald Trump has backed off from his threat to hit imports of Canadian metal with a huge 50% tariff. Now for the bad news. As of today they will be paying a 25% import tariff, not just for Canadian...
Thu, Mar 13
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EXCLUSIVE-US food giants PepsiCo, Conagra seek to exempt some imports from tariffs, trade group says
NEW YORK, March 12 (Reuters) - Major packaged food makers including Quaker Oats and Folgers coffee asked U.S. President Donald J. Trump for targeted exemptions from tariffs on imports like cocoa and fruit, according to a letter seen by Reuters.
Wed, Mar 12
Oil up 2% on tighter US supplies but tariff concerns loom
Brent, WTI rise 2%US crude stocks rise, fuel inventories fall, EIA saysDollar struggles as global trade tensions ramp upCooling inflation offers temporary reliefOPEC sticks to global oil demand forecastsBy Stephanie Kelly and Arunima Kumar NEW YORK, March 12 (Reuters) - Oil prices rose 2% on Wedn...
Wed, Mar 12
Fed seen resuming interest-rate cuts in June as inflation heads lower
March 12 (Reuters) - Cooler inflation could allow Federal Reserve policymakers to resume interest-rate cuts later this year, with traders betting Tuesday on three quarter-point reductions in the policy rate by the end of 2025, starting in June.
Wed, Mar 12
Puma faces weak U.S. demand, plans job cuts as shares plunge
Company forecast currency-adjusted sales below last year's levelManagement flags weak U.S. market, announces 500 job cutsPuma shares down 23%By Linda Pasquini and Alexander Hübner March 12 (Reuters) - Puma PUMG.DE on Wednesday announced job cuts and warned of uncertain U.S. consumer demand as...
Wed, Mar 12
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[Reuters Breakingviews] US-EU tariffs are a skirmish in riskier trade war
LONDON, March 12 (Reuters Breakingviews) - Brussels and Washington’s latest trade spat has an almost reassuring air of familiarity. Just as former European Commission boss Jean-Claude Juncker reacted to President Donald Trump’s tariffs on European steel imports back in 2018 with targeted...
Wed, Mar 12
China says US has undermined fentanyl cooperation by imposing tariffs
BEIJING, March 12 (Reuters) - China said on Wednesday that the U.S. has undermined bilateral counter-narcotics cooperation by imposing tariffs on Chinese goods over fentanyl, calling on Washington to stop using the issue as a bargaining chip to "blackmail" the country.U.S. President Donald Trump...
Wed, Mar 12
UK stocks rise as Ukraine ceasefire hopes lift sentiment
March 12 (Reuters) - British shares rose on Wednesday after a selloff in the previous session after Kyiv said it was ready to support Washington's proposal for a 30-day ceasefire with Russia, while positive corporate earnings boosted the domestically focussed index.
Wed, Mar 12
World soybean stockpiles might be smaller than they seem: Braun
NAPERVILLE, Illinois, March 11 (Reuters) - Every oilseed trader is familiar with the present narrative: the world is awash with soybeans.It's true, global soybean stocks are set to hit record highs later this year. The situation is not exactly tight. But supplies are now expected to fall well...
Wed, Mar 12
Berenberg raises AbbVie PT on higher immunology drug sales
** Berenberg raises PT on drugmaker AbbVie ABBV.N to $195 from $165, citing higher immunology drug sales ** New PT is a 8.7% downside to stock's last close** Brokerage says AbbVie knows the autoimmune market well ** Says co reduced exposure to antirheumatic drug Humira and bolstered cash flows t...
Wed, Mar 12
German economy minister says defence and infrastructure spending should be discussed separately
FRANKFURT, March 12 (Reuters) - Germany's outgoing economy minister Robert Habeck said on Wednesday that any decision on defence funding and support for Ukraine should be discussed separately from plans to boost infrastructure investments."Investment in defence capabilities and support for U...
Wed, Mar 12
Japan's bond yields track US peers higher
TOKYO, March 12 (Reuters) - Japanese government bond (JGB) yields edged higher on Wednesday as a rise in U.S. Treasury yields overnight took the spotlight.
The 10-year JGB yield JP10YTN=JBTC rose 1.5 basis points (bps) to 1.52%, following a rise in U.S. Treasury yields after news that Ukraine...
Wed, Mar 12
PRECIOUS-Gold eases as dollar firms; US inflation data awaited
Gold in "consolidation mode" ahead of inflation data - analystU.S. consumer price index (CPI) data at 1230 GMTKyiv said it would By Anjana Anil March 12 (Reuters) - Gold eased on Wednesday as the dollar ticked up, while investors awaited U.S. inflation data to gauge the Federal Reserve...
Wed, Mar 12
Japan's Nikkei ekes out gains as US tariffs, growth concerns keep trade volatile
TOKYO, March 12 (Reuters) - Japan's Nikkei share average rose in choppy trade on Wednesday as investors bought back shares after sharp declines in the last session, although concerns about U.S. tariffs and their impact on the global economy continued to weigh on sentiment.
Wed, Mar 12
Dollar on defensive as Trump tariffs fuel economic worries
TOKYO, March 12 (Reuters) - The dollar struggled on Wednesday to lift off a five-month low against major peers, as worries about the U.S. economy simmered, in view of President Donald Trump's unpredictable trade policies.The euro hovered around a five-month peak on increased optimism for an end...
Wed, Mar 12
[Reuters Analysis] Small nuclear power struggles at cusp of US electricity demand boom
HOUSTON, March 11 (Reuters) - Everyone from the U.S. energy secretary to Big Tech touts small modular nuclear reactors as a potential answer to booming power demand, but the technology is struggling to become commercial due to costs and regulatory hurdles.
Wed, Mar 12
[Reuters Analysis] Exposure to Treasury futures plunges at risky moment: McGeever
ORLANDO, Florida, March 11 (Reuters) - Levels of open interest in the U.S. Treasuries futures market rarely garner much attention, but this might be one of those occasions, as President Donald Trump's tariff agenda threatens to slam the brakes on the U.S. economy, perhaps even putting it into...
Wed, Mar 12
China's yuan firms to 4-month high as US worries weigh on dollar
SHANGHAI, March 12 (Reuters) - China's yuan climbed to a four-month high against the dollar on Wednesday, as the greenback was hobbled by U.S. economic worries caused by President Donald Trump's unpredictable trade policies.
Wed, Mar 12
