News

Trump Modifies Tariff Rate for Lesotho to 15% as Small Country Reels From Tariff Impacts
(Reuters) -The small African country Lesotho received a modified tariff rate of 15% Thursday from U.S. President Donald Trump ...
US Official Says Differences With India Cannot Be Resolved Overnight for Deal
WASHINGTON (Reuters) -Differences between the U.S. and India cannot be resolved overnight to arrive at a trade deal, a senior ...
Japan's Factory Activity Slips Back Into Decline in July, PMI Shows
The S&P Global Japan manufacturing purchasing managers' index (PMI) fell to 48.9 in July from 50.1 in June, dropping below ...
Gerdau's Adjusted Profit Falls Near 9% in Q2, Tariffs Boost US Operations
SAO PAULO (Reuters) -Brazilian steelmaker Gerdau on Thursday reported an 8.6% decline in its second-quarter adjusted net ...
New Zealand Consumer Confidence Takes Hit, Inflation Expectations Rise, Survey Says
"While 5.1% is well out of line with headline inflation of 2.7%, some prominent necessities are increasing at a much higher ...
AB InBev Shares Tumble as Sales Slide in China and Brazil
LONDON (Reuters) -Brewer Anheuser-Busch InBev said on Thursday its second-quarter sales volumes fell more than expected due ...
Glencore Targets $1 Billion Savings by 2026 After Copper Output Dips
Glencore also revised its long-term full-year marketing earnings before interest and taxes to $2.3 billion to $3.5 billion ...
Arthur J. Gallagher's Quarterly Profit Rises on Higher Commissions and Fees
Arthur J. Gallagher's commissions rose to $1.81 billion, up from $1.66 billion in the prior year. Total fees rose over 16% to ...
Brazil Sees 35.9% of Exports to US Facing Steeper Tariff, Pushes Reversal for Coffee
BRASILIA (Reuters) -Brazil estimates that 35.9% of its exports to the United States, by value, will be hit by a steep 50% ...
Viral Hit 'Grow a Garden' Pushes Roblox Past 100 Million Users, Lifts Bookings
(Reuters) -Roblox raised its forecast for annual bookings on Thursday and crossed 100 million in daily active users on its ...
Banks Brace for Key UK Supreme Court Ruling on Car Finance Commissions
The Supreme Court will give its ruling after 1535 GMT on Friday, once financial markets have closed in London. The court said: "No inference should be drawn from the timing of the hand-down (of the ...
Rwanda, Congo Hold First Meeting of Joint Oversight Committee Under Peace Deal
The deal in June between Rwanda and Congo marked a breakthrough in talks held by U.S. President Donald Trump's administration, which aims to bring an end to fighting that has killed thousands and ...