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APCIA: U.S. tariffs could increase personal auto claims costs up to $60 billion over 12 months
By Michael LoneyApril 7 - (The Insurer) - Insurance will be “deeply impacted” by U.S. tariffs, American Property Casualty Insurance Association CEO David Sampson has said, including personal auto claims costs alone increasing by $30 billion to $60 billion over the next 12 months.In a post on LinkedI...Reuters
Mon, Apr 7
Other
MercadoLibre to invest $5.8 billion in Brazil this year
SAO PAULO, April 7 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O said on Monday it plans to invest 34 billion reais ($5.8 billion) this year in its top market, Brazil, representing a 47.8% increase in spending from a year earlier.The amount, which also includes some operational exp...Reuters
Mon, Apr 7
Other
Levi Strauss Expects Minimal Impact To Q2 Margin Outlook From Recent Tariffs
April 7 (Reuters) - Levi Strauss & Co LEVI.N:Q1 ADJUSTED EPS $0.38 VERSUS IBES ESTIMATE $0.28Q1 REVENUE $1.53 BILLION VERSUS IBES ESTIMATE $1.54 BILLIONMAINTAINS FY OUTLOOK EXCLUDING IMPACT OF RECENT TARIFFSFY2025 EARNINGS PER SHARE VIEW $1.25, REVENUE VIEW $6.30 BILLION -- LSEG IBES DATADURING ...Reuters
Mon, Apr 7
Other
Freeport-McMoRan CEO flags concern over global growth
SANTIAGO, April 7 (Reuters) - Copper giant Freeport-McMoRan's FCX.N CEO Kathleen Quirk on Monday said she was concerned about global growth in the wake of U.S. tariffs rolled out last week. "We're concerned about global growth," she said, speaking at a copper conference in Santiago. ...Reuters
Mon, Apr 7
Other
US marshals were mobilized to warn fired DOJ lawyer over congressional testimony, attorney says
DOJ sent armed marshals to deliver a letter to fired pardon attorney warning about testifyingMarshals visit called off after ex-pardon attorney confirmed getting letter via emailJustice Dept letter warns that information about clemency and the restoration of firearms rights is confidentialBy Sarah N...Reuters
Mon, Apr 7
Commodities
ICE canola futures begin week higher
WINNIPEG, Manitoba - April 7 (Reuters) - ICE canola futures rose Monday as relief from Canadian canola apparently being free from U.S. tariffs continued to boost the oilseed crop.• May canola RSK5 settled up $14.60 at $636.60 per metric ton. July RSN5 rose $16.30 to $643.• May and July contracts now...Reuters
Mon, Apr 7
Stocks
EMERGING MARKETS-Latam FX, equities tumble on tariff woes; EM stocks index sees worst day since 2008
MSCI Latam stocks index off 2.8%, EM stocks down 8% Mexico would like to avoid imposing reciprocal tariffs on U.S.Trump threatens additional tariffs on ChinaFrontier market hard currency bonds drop By Johann M Cherian and Lisa Pauline Mattackal April 7 (Reuters) - Emerging market currencies and b...Reuters
Mon, Apr 7
