By Anton Bridge and Miho Uranaka TOKYO (Reuters) – Japanese banks may need to offer business turnaround support to companies hit by tariffs imposed by the administration of U.S. President Donald Trump, the head of the country’s banking lobby said. Many large Japanese firms, including major exporters and manufacturers, are grappling with U.S. duties on…
By Ernest Scheyder and Jarrett Renshaw (Reuters) – The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations. If signed, the order would mark U.S. President Donald…
By Polina Devitt LONDON (Reuters) – Gold stocks in Comex warehouses are on track to hit new records over the coming days due to the risk of import tariffs curtailing shipments to the United States from other countries, analysts and traders say. Latest data from Comex, part of CME Group, shows gold stored in its…
MILAN (Reuters) – UniCredit, Italy’s second-biggest bank, has received European Central Bank authorisation for its 14 billion euro all-share offer to buy smaller rival Banco BPM. UniCredit’s offer for BPM is one of several hostile bids rocking Italian banking, which underwent a painful clean-up after the 2008-2012 crisis years but has recently enjoyed record profits…
(Reuters) – U.S. President Donald Trump is urging senior advisers to take a more aggressive stance on tariffs as the administration prepares for a major escalation in its global trade war, the Washington Post reported on Saturday, citing four people familiar with the matter. Despite calls from allies on Wall Street and Capitol Hill to…
TURIN, Italy (Reuters) -Stellantis will buy credits from a “pool” led by Tesla also in 2025, to meet European Union’s CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group’s Europe head said on Saturday. Carmakers facing tougher EU emissions rules this year agreed to pool their emissions and avoid hefty fines…
(Reuters) – A U.S. appeals court on Friday ruled that Elon Musk and members of the cost-focused Department of Government Efficiency that he spearheads can make further cuts to the U.S. Agency for International Development while they appeal a lower court order that had barred them from doing so. A three-judge panel of the Virginia-based…
By Manoj Kumar NEW DELHI (Reuters) -Indian and U.S. officials discussed trade issues including the reduction of tariffs and easing of non-tariff barriers, making progress towards a bilateral trade agreement during several days of talks in New Delhi, they said on Saturday. The negotiations, led by officials from India’s commerce ministry and a U.S. trade…
WASHINGTON (Reuters) -Billionaire Elon Musk, who serves as a top adviser to President Donald Trump, will visit the Central Intelligence Agency on Monday to discuss government efficiency with director John Ratcliffe, a spokesperson said on Friday. The CIA has fired a slew of recent hires amid the Trump administration’s massive federal workforce reductions, which are…
(Reuters) – Proxy adviser Glass Lewis recommended investors cast advisory votes “against” the pay of top Goldman Sachs executives, citing the Wall Street bank’s “continued inability to align pay with performance” and retention grants that Glass Lewis called excessive. In a report sent late on Friday Glass Lewis noted the combined $160 million in retention…
